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Category Archives: PCU

Market Rally Continues! SPX, Nasdaq, CIT, HGSI, TXN, LM, JDAS, V, MA, AXP, FCX, X, BTU, RTP

After hearing that CIT managed to secure a financing deal, the market opened higher.  Commodity sectors led the charge (see Sector Watch from last night’s article).  Miners were especially strong:  FCX added +2.7% (earnings tomorrow morning); X jumped +5.51%; BTU was up +5.04% (upgrade today); RTP hopped $6.5!  Credit card companies also traded higher:  V [...]

A Broad Market Rally! SPX, Nasdaq, RIG, DO, NOV, CLF, X, RTP, ATI, FCX, PCU, PKX, ACH

Yesterday, in my evening post, I said, “The market does still show bullish formations in the major indices. We’ll have to see how VIX deals with the $18 mark (now, a resistance). If VIX gets pushed back down toward $16, we could still see the market forming a new leg up.” This morning, VIX tried [...]

Commodities Jump Again! SPX, Nasdaq, FCX, PCU, CNX, ACI, BTU, PBR, RIO

It was kind of a sluggish day on the market today, although the commodity related sectors were very strong! This weekend, in my Market Forecast, I said, “I will also be watching how commodities play against the techs. Some commodity related sectors are threatening to make a comeback already, although some money did seem to [...]

Metals, Oil, and Natural Gas: SPX, Nasdaq, SWN, DECK, DVN, UPL, ECA, APA, XME, PCU, FCX, BTU, ACI, CNX

Gold (and other precious metals), oil, and natural gas prices spiked up again! Gold is above $970/ounce and crude is above $102/barrel, while the rest of the market staggered. Yesterday, I mentioned that I didn’t like seeing VIX above $22. Sure enough, the broader market faltered today. The Dow closed down 112.10 points; SPX lost [...]

Review 8/16/07: SPX, Nasdaq, Dow, PCU, X, RIMM, PCP, SPWR, CFC, HPQ, DELL

Wow, what a day!! We made money on both sides (short and long)!! We started off with PCU and X puts, purchased yesterday. Right off the bat, those PCU puts doubled overnight!! We sold them way too early, as both PCU and X continued to drop. But, as the market bounced, we got into RIMM, [...]