Last weekend, in my Market Forecast, I said: "For the new week, with both SPX and DJI ending below major support levels (SPX 1080 and DJI 10,000), the market can see additional selling pressure. Energy sectors still look weak, with oil spill in the Gulf looking to extend into the fall, although the containment cap [...]
Category Archives: NEM
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH, XLF, GLD, XME, OIH, GS, NEM, ABX, GOLD, CLF, BHP, BP, APC, RIG, AAPL
June 13, 2010 – 7:20 pm
Market Bounces Back From 6-Month Low! GS, DO, RIG, BP, SLB, CLF, BTU, MEE, GOLD, NEM, ABX
May 25, 2010 – 8:15 pm
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, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP
May 16, 2010 – 8:06 pm
Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside. We can see that the daily MAs in both SPX and Nasdaq are curving down. On Monday, we may see an attempt to bounce; others may call it a relief rally. First resistances will be SPX 1130 [...]
Gold Soars To New High! SPX, Nasdaq, GOLD, NEM, ABX, GG, RGLD, BIDU, AAPL, DIS, ERTS, CTRP
May 11, 2010 – 6:02 pm
Gold jumped out of the gate today and did not look back, closing above $1230/ounce. In the morning, in our Trading Room, I commented: May 11, 2010 7:14 AM gold plays breaking out! May 11, 2010 8:11 AM GOLD could see $90+!! We did get in on GOLD May 85 calls and cashed out for [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, GOLD, AEM, NEM, ABX, PAAS, GS, MS, JPM, BAC, WFC
April 11, 2010 – 7:03 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, we should see strength in the market early in the week. Friday’s jobs report actually paints a very good scenario for the stock market. While jobs were added, the unemployment rate was left unchanged. This should help to keep a lid on the [...]
Fed Feeds The Market To New High! SPX, Nasdaq, CLF, WLT, ACI, PCX, MEE, GOLD, NEM, AEM, SLB, DO, RIG
March 16, 2010 – 5:23 pm
In my Market Forecast (click here) this weekend, I said, "Many tech and financial leaders could use a breather. On Tuesday, we have the FOMC meeting. The market may act undecidedly ahead of the meeting. If the market slips ahead of Fed’s rate decisions but manages to keep close to SPX 1150, we could get another bump [...]
Market Rises To New Heights! SPX, Nasdaq, GLD, SLV, GOLD, ABX, NEM, CNX, BTU, ACI, MEE, ZOOM, SINA
November 16, 2009 – 6:11 pm
This morning, retail sales numbers came in better than expected. Investors were seemingly encouraged by the data and proceeded to push the stocks higher. Gold, once again, made new highs, trading above $1140/ounce. Oil also went higher. Commodity sectors bounced today. Coal stocks were particularly strong: BTU +5.51%, ACI +2.9%, CNX +4.21%, MEE +6.08%. In the morning, [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD
November 8, 2009 – 8:49 pm
Last weekend, in my Market Forecast, I said, "For the new week, it looks like the market is trying to send the Fed a message before the FOMC meeting on Wednesday. What the market is trying to show is the potential "double-dip" if the Fed pulls out liquidity measures too soon. On Friday, the market will get the latest unemployment rate [...]
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