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Category Archives: MRVL

Market Ended Mixed In Volatile Trading: BRCM, SNDK, MRVL, CLF, WLT, ANR, NFLX, AMZN, GOOG, AAPL

The market was weak at the open, but, managed to bounce back.  However, immediately after the Fed minutes were released, the market suffered a quick drop.  It paddled back up in the last hour to closed flat, flat and mixed.  Techs were on the weak side with semiconductors getting hammered; mining stocks, on the other [...]

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

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 [...]

Financials Jump On JPM Earnings! SPX, Nasdaq, JPM, GS, BAC, WFC, INTC, FFIV, MRVL, SNDK, IBM

Stocks jumped higher today led by the financials.  This morning, JPM reported strong earnings, easily beat the analysts’ estimates, making 74 cents per share vs. a consensus of 64 cents per share.  Financials rallied immediately at open:  JPM +4.05%, GS +3.16%, BAC +3.91%, WFC +3.51%.  FAS (3x Financial Bull ETF) soard +7.57%, adding $8.3.  FAS [...]

Market Forecast + Sector Watch + Weekly Wrap: SPX, Nasdaq, GLD, USO, SOXX, MOO

This weekend is a triple holiday weekend!  Happy Valentine’s Day, Happy Chinese New Year, and Happy President’s Day!                   Hope you’ve had a wonderful weekend! Last Sunday, in my Market Forecast, I wrote: "For the new week, the market could stage a bounce and bounce off of SPX 1060.  Whether or not the bounce is [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, SOXX, XLE

Last weekend, in my Market Forecast, I wrote: "Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market.  VIX jumped to test 26 on Friday and closed just below 25.  However, SPX’s daily MAs have just developed into a new bullish formation!  There are still [...]

Thursday Wrap-Up: AIG Leads The Market Back To Green!

Today the market opened on the weak side.  Most commodity sectors were pretty weak in the morning.  However, AIG continued to push higher.  Yesterday, in our Trading Room, Bagger Vance made an "buy" alert on AIG: Bagger Vance August 26, 2009 11:52 AM (PST) I’M GETTING AN AIG CALL PLAY ALERT HERE…take a look, if it’s [...]

Techs & Miners Hold The Market Up: SPX, Nasdaq, X, FCX, ATI, CCJ, TXN, BRCM, SNDK, MRVL, BLK

This weekend, in my Market Forecast, I mentioned that "[t]he market might start out the week slowly" and "e could see some more profit-taking in the techs and the miners".  Yesterday, we saw profit-taking in techs and miners, and, the market ended flat.  Today, techs and miners came back up, and, the market still ended [...]

Cashing Out On Oil, Up Goes The Qs! SPX, Nasdaq, MA, V, DELL, MRVL, DNA, GILD, CPHD

The market was solid today; thanks to a favorable GDP report and declining oil prices. Commodities and energy plays, including the solars, were weak. Techs were strong, as QQQQ (the Qs) went back to nearly $50. Financials also showed strength today, helped partially by MA, which reaffirmed revenue guidance. MA jumped $22.11, or up +7.71%, [...]

Breaking Support? SPX, Nasdaq, JOYG, BUCY, MRVL, NSM

A slew of negative news put additional pressure on the market today. More problems in the wake of credit concerns revealed themselves in Thornburg Mortgage Inc. (TMA). Further, news about Carlyle Capital Corp Ltd, an European firm that invests in mortgage-backed securities, not meeting margin call requirements spooked investors about mortgage REITs. This exerted more [...]

Review 8/23/07: SPX, Nasdaq, NOV, GME, MRVL, GPS

The market was pretty uneventful today. Well, actually, it was volatile! But, if you’re keeping cash and not doing much when the market is unstable, like I am, it becomes “uneventful”. We closed only one trade today, on NOV, for a +32% gain: NOV Sept 120 calls, NOVID, at $4.5, +32% But, it does feel [...]