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 [...]
Category Archives: PNC
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
Market Marches On! SPX, Nasdaq, WLT, MEE, ANR, PCX, HIG, BLK, PNC, STI, STT, APA, APC, OXY, HES
March 17, 2010 – 4:42 pm
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 [...]
Financials Help S&P 500 To New High! SPX, Nasdaq, GS, C, PNC, STI, V, MA, RIMM, GOOG, AMZN, AAPL, FSLR, STP, TSL
March 11, 2010 – 9:14 pm
Financials stayed strong today and helped to push S&P 500 to a new 17-month closing high! In my Market Forecast this weekend, I said, "… the market has gone quite far, so it may need a breather through the mid-week. If the market can hold its altitude while letting off some steam, we could see [...]
Market Bounces After Fed Keeps Rates Unchanged: SPX, Nasdaq, AAPL, GS, PRU, WFC, PNC, BAC, NFLX, QCOM, AMZN, MSFT
January 27, 2010 – 7:53 pm
The market was volatile today, as expected. In the morning, while Geithner and Paulson were getting questioned by the Congress, the market remained weak. After AAPL’s media event got started, things became a little better. AAPL did indeed reveal its new tablet, the "iPad". The initial reaction was not so good, as AAPL sold off [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, XLE, MA, V, ICE, CME, STT, PNC, BLK
December 27, 2009 – 9:27 pm
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 [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, UUP, XLF
December 20, 2009 – 8:24 pm
Last weekend, in my Market Forecast, I said: "For the new week, we have the FOMC meeting on Wednesday. It’ll be interesting to see how the dollar/gold trade goes ahead of the meeting. The Fed had already indicated that it will keep the interest rates low for a while. Since the dollar has bounced quite [...]
Market Comes Alive On “Mutual-Fund Monday”! SPX, Nasdaq, WLP, ESRX, UNH, PNC, PRU, STT, MA, GOOG, MOS, SEED, GRO
November 23, 2009 – 8:30 pm
The market hopped out of the gate this morning on some "happy feet" as home sales jumped in October to their highest level in more than 2-1/2 years! In addition, gold continued to make new record highs, trading nearly to $1175/ounce intraday. As gold went higher, gold miners followed up, which in turn inspired other [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH
November 22, 2009 – 7:42 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, a strong move to open the week should push the market above SPX 1100. If the market does close above SPX 1100, we should see a new bullish formation on SPX’s daily chart. We should see new buyers rush into the market, if [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, GDX, XLF, XLE
November 15, 2009 – 9:43 pm
Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position. If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher. The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150. Although VIX closed below [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD
November 8, 2009 – 8:49 pm
Last weekend, in my Market Forecast, I said, "For the new week, it looks like the market is trying to send the Fed a message before the FOMC meeting on Wednesday. What the market is trying to show is the potential "double-dip" if the Fed pulls out liquidity measures too soon. On Friday, the market will get the latest unemployment rate [...]
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