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Category Archives: MFE

Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, OIH, INX2, RIG, DO, NOV, APC, BP, AMZN, PCLN, AAPL, GOOG, HPQ, MFE, ARST, FCX, APA, OXY, HES

September 12, 2010 – 7:00 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, the market may need a bit of consolidation.  Both SPX and Nasdaq are showing bullish crossovers in their respective MACDs.  VIX closed below 22, a level which had been a solid support since May.  Wednesday has some economic data that may help to [...]

By HappyTrading | Also posted in AAPL, AMZN, APA, APC, ARST, BP, DO, FCX, GOOG, HES, HPQ, INX2, NOV, OIH, OXY, PCLN, RIG, XLE, XME | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, INX2, XME, POT, MOS, AGU, CF, PCLN, MFE, GOOG, NEM, ABX, GOLD

August 22, 2010 – 7:43 pm

Last weekend, in my Market Forecast, I forecasted, "For the new week, the latest development in the charts are certainly not bullish.  However, it may not necessarily dictate a breakdown.  If SPX 1080 does not hold, the next support is 1060, set back in mid-July.  The market could still be range-bound, and, is very mixed." As [...]

By HappyTrading | Also posted in ABX, AGU, CF, GLD, GOOG, INX2, MOO, MOS, NEM, PCLN, POT, XME, gold | Comments (0)

Rising Jobless Claims Spook The Market, Again! SPX, Nasdaq, INTC, MFE, SYMC, SHLD, SNDK, CRM, MRVL, INTU, DELL, HPQ

August 19, 2010 – 4:12 pm

Lots of news on the market today!  INTC came out with a 60% premium bid for MFE, at $7.68 billion.  MFE shares jumped +57.07% while INTC fell 3.52%.  SYMC, another security software company, saw its shares rise +6.2%.  However, investors focused on the rising jobless claims number and drove the broader market down.  SHLD reported weak sales [...]

By HappyTrading | Also posted in CRM, DELL, HPQ, INTC, INTU, MRVL, SHLD, SNDK, SYMC | Comments (0)