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Category Archives: RTP

Commodity Stocks Roar Back! SPX, Nasdaq, WLT, CLF, X, NUE, RTP, CAT, DE, BUCY, JOYG, AAPL, ADBE, ORCL

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 [...]

Commodity Sectors Rally Higher! SPX, Nasdaq, TRA, POT, MOS, CF, AGU, TSL, GLD, CNX, CLF, BTU, X, RTP

Stocks rallied today, led once again by the commodity sectors.  As I have been saying for a week now, "The dollar is very strong, but, perhaps needs a breather.  Commodity sectors could see buyers rushing in if the dollar pulls back."  The dollar finally got a meaningful pullback today, sending SPX towards 1100. Over the [...]

Financials Lead The Market On Pullback! SPX, Nasdaq, GS, CME, ICE, X, FCX, RTP, GOOG, FFIV, AXP, COF

The market opened slightly higher this morning.  But, within the first 30 minutes from the open, the market slid into the red.  Before the end of the first hour, the market started to drop sharply!  In the Trading Room, I warned our members promptly: January 21, 2010 7:26 AM VIX green, be careful… January 21, 2010 [...]

Market Pressured By Alcoa’s Earnings: SPX, Nasdaq, BIDU, FAS, HES, WLT, RTP, GOLD

Last night, AA reported earnings that missed the estimates.  The market gapped down at the open and slid lower, although the Dow climbed back up, ending down only 0.34%!  AA shares closed 11.06% lower for the day.  Commodity sectors were weak across the board.  Energy, metals, and miners were all down:  HES -4.01%; WLT -2.9%, [...]

Market Cheers GDP Report: SPX, Nasdaq, FCX, RTP, BTU, ABX, PRU, PNC, HIG, WFC, CLF, PCLN, LVS, WYNN

This morning, the GDP report was better than expect, coming in at +3.5% (vs. the consensus of +3.2%) for the quarter from July through September.  The market was encouraged by the news and rallied back up, after the recent 4-day selloff.  The Dow was particularly strong, charging up almost +200 points!!  Commodity sectors had sold off hard earlier [...]

Market Rallies Higher On Commodity Sectors! SPX, Nasdaq, POT, MOS, CF, AGU, FCX, RTP, BTU, ACI, CNX, AAPL, TXN

The market was strong today with commodity sectors leading the rally.  Yesterday, in my Sector Watch, we looked at the agriculture sector, as MOO made a solid move higher last week.  Today, POT was rumored to be a buyout target for BHP, and, the sector pushed higher!  POT opened above $100 this morning and never [...]

Market Takes A Quick Tumble: SPX, Nasdaq, BIDU, GOOG, AAPL, RIMM, X, FCX, RTP

Today, the US stock market followed the Asian markets down on a global pullback.  Last night, in my Market Forecast, I pointed out that both SPX and Nasdaq are showing weakness and are ready for a quick drop.  It happened today!  The market dropped sharply right from the open.  The Dow fell 200 points within and first [...]

S&P 500 Goes Above 1000! SPX, Nasdaq, FCX, X, RTP, AA, WFC, STT, PRU, MA, V

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 [...]

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 [...]

Market Dives To Open The Week! SPX, Nasdaq, APA, DVN, HES, RTP, X, FCX, ATI, BIDU, GOOG, RIMM

Right at the open, the market was hit with disappointing news from the World Bank that the global economy may be weaker than it had previously predicted.  Within the first 1/2 hour, the Dow stumbled more than 100 points!  Commodity sectors continued to slump.  Energy and miner stocks were very weak:  APA -5.76%, DVN -5.58%, HES [...]