This morning, the latest home sales data came in better than expected. Stocks saw strength right from the start. Energy stocks bounced: SLB +8.81%, HAL +11.96%, APA +4.24%, UPL +10.34%, EOG +6.86%. Coal stocks also attracted buyers back in: WLT +6.13%, CLF +5.95%, PCX +8.95%, BTU +7.65%. The exchanges were very strong as well. Both […]
By HappyTrading
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Also posted in AKAM, FFIV, ICE, CREE, CME, SNDK, RIG, SLB, HAL, CLF, UPL, APA, BTU, WLT, BP, EOG
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Last weekend, in my Market Forecast, I wrote:
"For the new week, the market is in a very vulnerable position. The bounce last week took to the market to test the 10-day MA. But, with a quick reversal, it closed under the 10-day MA again. Further, both SPX and Nasdaq are showing newly developed bearish formations […]
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 expect […]
By HappyTrading
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Also posted in GLD, XME, HES, NOV, SLB, CLF, DVN, UPL, APA, BTU, ACI, ANR, XLE, UUP, OXY, WLT, BHI
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Last weekend, in my Market Forecast, I wrote:
"For the new week, the help that eurozone governments have committed to Greece should inspire the market to a strong start. We could easily see SPX 1200 tested. Nasdaq can rise to test 2480. We’ll also see the beginning of the earnings season, with AA reporting after the […]
By HappyTrading
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Also posted in EBAY, IBM, AAPL, FFIV, FCX, GLD, XLF, XME, BA, AMGN, QCOM, INX2, AMZN, EMC, SNDK, MSFT, BTU, MEE, MCD, MDC
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The market was strong today, helped in a big way by the commodity sectors, as the dollar slid. Miners took control again. Coal stocks were especially strong, again: WLT +3.12%, CLF +2.23%, MEE +7% (!!), ANR +3.54$, PCX +5.16%. MEE closed above $54 at a new 52-week high. I think it is going higher and […]
The market continued to push higher today, ramping up to new 2010 highs! Financials were strong today. FAS (financial bull 3x ETF) hit an intraday high of $96.84. In early February, FAS touched an intraday low of $60. That’s a +61% rise from the February low in just a little over one month!! BLK got […]
By HappyTrading
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Also posted in Nasdaq, HES, APA, ANR, MEE, STI, PNC, BLK, STT, OXY, HIG, WLT, Market Marches On! SPX, APC
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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 higher…"
Indeed, […]
Last weekend, in my Market Forecast, I wrote:
"For the new week, the market certainly has room to rise. But, it’ll have to break above SPX 1120 to go higher. The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes. (What they really should do […]
By HappyTrading
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Also posted in GS, GLD, XLF, XME, USO, BTU, ACI, CNX, MEE, BAC, WLT
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The market was pretty flat all day. Financials and techs took a breather, while commodity-related sectors bounced. Metals, energy, oil, and agriculture were all strong today. MOS led the fertilizer group, rising almost $12, or +9.38%; POT added +6.52%, and AGU gained +6.56%. In the energy sectors: HES went up +6.26; […]
By HappyTrading
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Also posted in POT, Nasdaq, AAPL, SPX, HES, MOS, TXN, SLB, AGU, AXP, FLR, CLR, MEE
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The market continued to rally for the second, straight day. This morning, JPM beat the estimates with its earnings and saw its shares gap-up at the open. JPM shares ended +13.52% higher. GS and MA both kept going higher, adding +4.85% and +5.46%, repectively. The financial sector was strong as a […]
By HappyTrading
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Also posted in GS, POT, GOOG, Nasdaq, JPM, SPX, MOS, MA, MSFT, MER, CLF, ANR, HK
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![[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)
