Last weekend, in my Market Forecast, I wrote: "For the new week, after trying hard, but unsuccessfully, to break away from the recent resistance levels (SPX 1000; Nasdaq 2000), the market technicals are showing slight weakness. The MACD on both SPX and Nasdaq have turned lower. Nasdaq closed below its 10-day MA. SPX closed right at [...]
Category Archives: PRU
Markets Keep Gains As Fed Gives Brighter View: SPX, Nasdaq, GS, COF, PRU,TOL, KBH, PHM, WYNN, LVS
August 12, 2009 – 8:18 pm
Today, the market was strong from the beginning. Financials rose again after 2 days of profit-taking: GS +2.85%, COF +3.14%, PRU +4.49%. This morning, Toll Brothers (TOL) reported a rise in signed contracts in new homes in 4 years, sending TOL stocks up more than +14%. Other home builders also rallied: BZH +9.32%, KBH +2.87%, PHM +4.38%. [...]
Late Buying Pushes Market Higher, Again! SPX, Nasdaq, AMGN, WYNN, LVS, MGM, WMS, CSCO, PRU
August 4, 2009 – 8:16 pm
The market started on a down beat today. But, it quickly reversed its direction. More favorable economic data helped to draw sidelined money into the market, including better-than-expected consumer spending and pending home sales. Biotechs were strong with AMGN adding another $1.53. Casino stocks jumped today. Both WYNN and LVS added about +8.5%. MGM hopped [...]
S&P 500 Goes Above 1000! SPX, Nasdaq, FCX, X, RTP, AA, WFC, STT, PRU, MA, V
August 3, 2009 – 5:50 pm
This morning, favorable manufacturing data, which showed signs of the economy recovering, prompted more buyers to jump into the markets. Stocks pushed the S&P 500 index (SPX) above 1000! Last night, in my weekly Market Forecast, I pointed out that mining stocks looked ready to break higher. Today, the mining stocks led the rally: FCX +8.03%, X [...]
Markets Up, Fast And Furious, Thanks Meredith? SPX, Nasdaq, GS, BAC, WFC, JPM, STT, HIG, AIG, PRU, POT, GOOG, BIDU
July 13, 2009 – 4:28 pm
This morning, financials stocks were strong right of the bat and led the market higher all day. GS received an upgrade from an influential banking analyst, Meredith Whitney, a day before it reports earnings (GS reports tomorrow morning). GS jumped +5.34% for the day. Other financials were strong as well: BAC +9.34%; WFC +8.44%; JPM [...]
Markets Up, Fast And Furious, Thanks Meredith? SPX, Nasdaq, GS, BAC, WFC, JPM, STT, HIG, AIG, PRU, POT, GOOG, BIDU
July 13, 2009 – 4:28 pm
This morning, financials stocks were strong right of the bat and led the market higher all day. GS received an upgrade from an influential banking analyst, Meredith Whitney, a day before it reports earnings (GS reports tomorrow morning). GS jumped +5.34% for the day. Other financials were strong as well: BAC +9.34%; WFC +8.44%; JPM [...]
Markets Up, Fast And Furious, Thanks Meredith? SPX, Nasdaq, GS, BAC, WFC, JPM, STT, HIG, AIG, PRU, POT, GOOG, BIDU
July 13, 2009 – 4:27 pm
This morning, financials stocks were strong right of the bat and led the market higher all day. GS received an upgrade from an influential banking analyst, Meredith Whitney, a day before it reports earnings (GS reports tomorrow morning). GS jumped +5.34% for the day. Other financials were strong as well: BAC +9.34%; WFC +8.44%; JPM [...]
Market Bounces After Weak Open: SPX, Nasdaq, GS, V, MA, AXP, PRU, LFC, CELG, AMGN
July 6, 2009 – 5:08 pm
The market opened on the weak side this morning, continuing the slide from last Thursday. We cashed out our call play on SKF for a +49% gain. This trade was opened last Thursday and closed today: July 02, 2009 12:04 | HappyTrading SKF ($44.20) Bought to Open SYJGR Jul 45 calls, at $2.35 July 06, [...]
Market Struggles To Keep The Rally Going! SPX, Nasdaq, GS, PRU, PNC, CME, SNDA
March 31, 2009 – 4:44 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After Monday’s big drop (the Dow lost over 200 points), the market came back up. It was on its way to recover Monday’s loss, until the last half-hour. Still, it was able to keep a modest gain. Financials led the sectors again: GS +5.53%; PRU [...]
Market Breaks Out To 1-Month High!! PRU, BLK, JPM, MS, CME, ACH, RTP
March 23, 2009 – 7:53 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Wow, what a day!! +500 points on the Dow!! Almost +100 points for Nasdaq; and over +50 points higher by SPX!! Stocks surged today on Treasury’s toxic assets plan and the latest housing data! There were high flyers everywhere, every sector, especially the financials: PRU [...]
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