On Tuesday, in my evening article, I said, "We’ll need to see some strength in the energy and mining stocks to push higher. Otherwise, we may need to take a breather and consolidate." In the past 2 days, energy and mining stocks were still lacking strength, and the broader market still appeared to be consolidating. [...]
Category Archives: ORCL
Market Still Consolidating: SPX, Nasdaq, FDX, RIMM, ORCL, GME, AAPL, AMZN, GLD
September 16, 2010 – 3:17 pm
How Fast Things Can Turn: SPX, Nasdaq, APA, BP, RIG, DO, CME, ICE, V, MA, RIMM, AAPL, ORCL
June 24, 2010 – 5:53 pm
Just this Monday, things seemed ready to break out with the Chinese yuan finally loosening its peg to the dollar. A couple of bad housing reports and a few days later, this market is at the verge of breaking down again! SPX shot up above 1131 on Monday morning; today, it closed below 1080, at 1073.69. [...]
Commodity Stocks Roar Back! SPX, Nasdaq, WLT, CLF, X, NUE, RTP, CAT, DE, BUCY, JOYG, AAPL, ADBE, ORCL
March 23, 2010 – 4:30 pm
The market spent most of the day in the positive territory. In the last couple of hours, the rally accelerated into the close. Miners have been weak, but, they roared back up today. WLT jumped $5, or +5.79%, to close at $91.3; that’s $9 up from yesterday’s open! CLF added +6.87%. X was up +4.94% while [...]
Earnings Painting A Prettier Picture? SPX, Nasdaq, ATI, RTI, RIMM, ORCL, NKE
December 17, 2009 – 5:34 pm
The market was in a nervous mood this morning, as jobless claims unexpectedly rose. In addition, the dollar surged and was pressuring stocks. Two days ago, we cashed out our gains and went to mostly cash. Yesterday, in our Trading Room, I cautioned our members after the Fed’s statement was released to not to be too [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD, XME, SWH
September 13, 2009 – 8:07 pm
Last weekend, in my Market Forecast, I said, "For the new week, most sectors seem to have sync’d up to go higher. SPX closed right at its 10-day MA while Nasdaq closed above. Another solid green day, the indices could have the daily upper BB within their reach. The market will need to push the [...]
Bounce In Commodities Keeps The Market Flat!
June 23, 2009 – 5:20 pm
After another big drop on Monday, the market wobbled around the flatline today. Commodity sectors saw good bounces as the dollar sank again. Fertilizers and miners kept the market up: POT +5.51%, MOS +3.74%, GOLD +4.53%, MEE +5.56%, CNX +4.6%, FCX +4.43%, JOYG +6.83%. Financials stocks also enjoyed mild strength. Techs were a little weaker with [...]
Oil, Energy Sectors Lead The Market Lower! SPX, Nasdaq, DO, RIG, SLB, NOV, GE, ORCL, RIMM, POT
December 18, 2008 – 5:44 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was weak all day today. Last night, I wrote: “…[VIX's] hourly chart is bottoming. We have to be a little more careful here, as people are locking in profits. SPX 900 will be an important support level. Remember, this is also the options [...]
Market Slumps 3%! SPX, Nasdaq, RIMM, ORCL, GOOG, BIDU, GS, ATW, XAU, AEM, ABX
June 26, 2008 – 7:08 pm
Following yesterday’s disappointing news from RIMM and ORCL, the market gapped lower at the open. Oil jumped over $140/barrel and added more pressure on the market. The market accelerated lower into the close, with techs leading the way. RIMM ended down more than 13%. GOOG lost $22.18, or 4.03% while BIDU gave up $17.33, or [...]
Fed Holds Rates Unchanged, Market Gains: SPX, Nasdaq, BIDU, AAPL, RIMM, ORCL, DRYS, GNK, EXM, ATW
June 25, 2008 – 6:43 pm
Well, the Fed held the interest rates steady, as expected by most. The techs led the market up. Just before the Fed announcement came out, I said on the member board: HappyTrading Posted June 25, 2008 at 11:06 am | Permalink (Edit) market what I do see is that VIX is near 21; if it [...]
Techs Lead The Market Higher! SPX, Nasdaq, AAPL, GOOG, RIMM, AMZN, BIDU, BMC, ORCL, SYMC
May 27, 2008 – 4:27 pm
The market was a bit volatile in the morning, but the techs were strong enough to push the market to close with some solid gains. Yesterday, in my Market Forecast, I said, “We are also seeing money being rotated. Techs are now looking better than the overall market.” This morning, on the member site, I [...]
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