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Category Archives: NOV

Can We Move Higher While Overbought?

cs_setInnerHtml(‘video_3a84e5d4-3744-4385-aa81-89760a dee63e’,”);   Breakout or Fantasy? One thing that is NOT fantasy is the results we’ve been racking up, ringin’ the register HARD day after day!  If you’re not getting the trade alerts directly from me you’re gonna kick yourself. Just click here to sign up and pay for everything (and more) with a few [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK

The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB.  Once there, the market should be able to sail higher.  The immediate resistances are still SPX 1200 and Nasdaq 2300.  [...]

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

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 [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU

Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in…  The market is barely being supported by its daily MAs.  A quick dip could send it to test SPX 1040 again.  It’ll be up to the earnings again.  Monday and Tuesday could induce big [...]

Market Jumps On Better Economic Data! SPX, Nasdaq, BHP, CLF, GS, BP, APC, NOV, NBL, DO, RIG, CF, POT, AGU, MON

This morning, the latest jobless claims fell by the largest amount in almost a year.  In addition, China reported solid export numbers.  The market opened strongly and closed even higher.  On Tuesday, in my article, I gave some trading ideas.  Basically, I said that if the market is strong, the buying will be in the energy [...]

Market Forecast + Sector Watch: SPX, Nasdaq, OIH, GLD, XME, INX2, RIG, BP, SLB, HAL, DO, NOV, X, JOYG, BUCY, AMZN, GOOG, PCLN

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is definitely struggling to bounce from May’s slump.  However, Europe’s financial problems may be worse than that of the US, as China’s Premier warned of a possible double-dip in the global economy’s attempt to recover.  Charts are certainly showing the same [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLE, XME, ACI, PCX, ANR, BTU, WLT, CLF, APA, OXY, HES, UPL, DVN, BHI, SLB, NOV

Last weekend, in my Market Forecast, I said: "For the new week, things get a bit tricky.  While earnings are still expected to be strong, the anxiety over possible financial reforms can cast a shadow on the market, especially over the financial sector…  I think we’ll see some follow-through weakness on Monday.  In general, I’d [...]

AAPL Delivers Blowout Earnings! SPX, Nasdaq, GS, C, AIG, RIG, DO, SLB, NOV, AAPL, ALTR, BRCM, JNPR

The market was very strong today, led by the energy stocks.  Oil bounced today and oil services stocks beckoned inverstors back in.  RIG added +4.24%, with an additional news of a successful trading debut on the Swiss Exchange.  SLB was up +4%; DO bounced +3.88%; and, NOV rose +3.53%.  It does look like this sector [...]

Market Forecast + Sector Watch: SPX, Nasdaq, USO, OIH, GLD, XLF

Last weekend, in my Market Forecast, I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week.  If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week.  On the other hand, if the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, XLE, MA, V, ICE, CME, STT, PNC, BLK

Last weekend, in my Market Forecast, I wrote: "For the new week, we’ll pay attention to the GDP and retail reports on Tuesday.  Nasdaq looks really strong.  Its daily upper BB has opened up.  Normally, I’d say that Nasdaq is setting up for a breakout.  But, with this "undecided" market environment, we’ll have to wait [...]