Skip navigation

Category Archives: MEE

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, MOO, GS, AMZN, PCLN, GOOG, CLF, WLT, FCX, ANR, MEE, POT, MOS, AGU, CF

Last weekend, in my Market Forecast, I forecasted, "For the new week, we’ll look to see if we can continue to get improved economic data, especially the consumer confidence and Chicago PMI on Tuesday to perhaps set the tone.  On Friday, we’ll get the latest payroll numbers and unemployment rate.  VIX actually closed lower last [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG

Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data.  For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase.  To break higher, SPX will have to break above 1120.  For Nasdaq, the resistance is at 2300." [...]

Market Bounces Back From 6-Month Low! GS, DO, RIG, BP, SLB, CLF, BTU, MEE, GOLD, NEM, ABX

The market gapped lower this morning and touched a new 6-month low.  The Dow briefly slumped below 9,800, while SPX almost touched 1040.  But, the market staged an impressive rally to close just about flat.  GS led the financials with a +4.29% gain, closing above the $140 level. The beaten-down commodity sectors led the bounce.  [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLF, INX2, QCOM, AMGN, EBAY, FFIV, SNDK, MEE, EMC, FCX, BA, MCD, AAPL, IBM, BTU, AMZN, MSFT, MDC, PCX

Last weekend, in my Market Forecast, I wrote: "For the new week, the help that eurozone governments have committed to Greece should inspire the market to a strong start.  We could easily see SPX 1200 tested.  Nasdaq can rise to test 2480.  We’ll also see the beginning of the earnings season, with AA reporting after [...]

Market Rally Takes A Break: SPX, Nasdaq, MEE, WLT, CLF, MON, POT, AGU, GLD, GOLD, GS, AIG, LCC, UAUA, JBLU, BBBY, HOTT

The market stalled in its rally today.  Late in the afternoon, the market took a quick pullback, but, was able to stabilize a bit before the close.  Energy and coal stocks were weak today.  MEE dropped another 6.67% on the recent mine explosion accident.  WLT and CLF pulled back, falling 1.94% and 2.18%, respectively.  This [...]

Commodity Sectors Bounce, Again! SPX, Nasdaq, WLT, CLF, MEE, ANR, PCX, AAPL, CYD, UPL, OXY, HES

The market was strong today, helped in a big way by the commodity sectors, as the dollar slid.  Miners took control again.  Coal stocks were especially strong, again:  WLT +3.12%, CLF +2.23%, MEE +7% (!!), ANR +3.54$, PCX +5.16%.  MEE closed above $54 at a new 52-week high.  I think it is going higher and [...]

A Day To Take Profits: QCOM, BBY, AAPL, GOOG, AMZN, PCLN, CLF, WLT, BTU, ACI, MEE

This morning, the market rallied to a new 52-week high today, as jobless claims fell.  In addition, QCOM raise its 2nd quarter guidance, while BBY reported a strong quarter with solid forecast.  QCOM shares added +4.98% to close at $42.19; it traded as high as $43.84!  BBY gapped up to $44.79, but, came down to [...]