The market bolted out of the gate today and never looked back. Last night, China reported a better-than-expected PMI number. Today, our ISM Index also showed better-than-expected manufacturing activity. As discussed in my Market Forecast this weekend, we paid extra attention to the mining sector. Our trade in CLF turned an overnight profit of +60% [...]
Category Archives: NFLX
Market Jumps On Better Manufactoring Data: SPX, Nasdaq, CLF, WLT, JOYG, BUCY, AAPL, AMZN, NFLX, GOOG, AKAM
September 1, 2010 – 5:27 pm
Market Ended Mixed In Volatile Trading: BRCM, SNDK, MRVL, CLF, WLT, ANR, NFLX, AMZN, GOOG, AAPL
August 31, 2010 – 7:00 pm
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 [...]
No Surprises From The Fed: SPX, Nasdaq, NFLX, AKAM, SPWRA, LDK, CREE, DIS, MA, V
August 10, 2010 – 3:23 pm
The market gapped down at the open today, following Asian markets big drop last night. In the afternoon, the Fed came out with its decision of not changing the interest rate and to take small steps in further stimulating the economy. The market recovered some of its losses, but, still closed lower. NFLX jumped almost [...]
Market Dips As Bernanke Speaks: SPX, Nasdaq, MS, WFC, FCX, AAPL, EBAY, FFIV, QCOM, BIDU, NFLX, ISRG, SBUX, CMG, NUE
July 21, 2010 – 2:24 pm
The market started off strongly on strong earnings from MS, WFC, and FCX. MS ended the day up +6.26% at $26.8; it traded as high as $27.89. WFC closed only slightly higher, but, did trade up to $27.6. FCX traded above $68 before closing at $66.06, up +2.71%. However, as Bernanke started to give his [...]
Market Brushes Aside Earnings From IBM And TXN: SPX, Nasdaq, IBM, TXN, AAPL, CRUS, SNDK, BRCM, VMW, CLF, BTU, STLD, WLT, FCX, X, WFC, NFLX, FFIV, QCOM, SBUX
July 20, 2010 – 2:15 pm
Yesterday, the market eked out a small gain, ahead of IBM and TXN’s earnings. Then, both IBM and TXN disappointed investors with their quarterly reports. Today, the market open gapped down, but, started to bounce almost immediately. Both BTU and STLD delivered solid earnings and commodity sectors soon bounced strongly. Miners did especially well: CLF [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Market Surges After 2 Weeks Of Selloff: SPX, Nasdaq, GOOG, AAPL, NFLX, CREE, VMW, CRM, VECO, GS, PNC, WFC
July 7, 2010 – 3:05 pm
In my Market Forecast this week, I said, "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels [SPX 1040; Nasdaq 2150] should be the first resistances. We could see some volatile trading to start the week." Yesterday, the market gapped higher and [...]
Late Selling Sends Market Lower! SPX, Nasdaq, OSG, FRO, TK, AAPL, GOOG, CMG, NFLX, SNDK, VMW, MON, DNDN
June 30, 2010 – 3:51 pm
The market spent most of the day defending the SPX 1040 level. We saw some bounces in the morning. But, like I said in my article last night, "…the momentum is on the downside right now, and, bounces may invite more selling." In the last hour of trading, the selling resumed on heavy volumes, ending [...]
Home Sales Sour Market Mood! SPX, Nasdaq, V, MA, APA, UNP, EOG, V, MA, RIG, CMG, NFLX, DECK
June 22, 2010 – 4:49 pm
Since Monday morning’s surge, on China loosening yuan’s peg to the US dollar, the market had been on the defensive. This morning’s home sales data, which fell unexpectedly, further gave the market reasons to take some profits off the table. After all, the market has been rallying up 2 weeks straight without taking much of a [...]
Monthly Wrap May 2010: EOG, GS, GLD, NFLX, PCLN, SHLD
May 28, 2010 – 10:39 am
Well, it’s been a very volatile week and we traded lightly. But, for the month of May, we made some really nice trades. Here are the closed trades for May (profits above +50% are highlighted). Notable trades are NFLX, PCLN, and SHLD puts with triple-digit gains: May 28, 2010 11:00 | HappyTrading CTRP ($39.40) Sold [...]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
