Last weekend, in my Market Forecast, I wrote, "For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate. With the MACD turning lower, we could see another couple of days of profit-taking in various sectors. It will be important for SPX to hold [...]
Category Archives: SLB
Market Forecast + Sector Watch: SPX, Nasdaq, USO, OIH, GLD, XLF
January 3, 2010 – 11:34 pm
Last weekend, in my Market Forecast, I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week. If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week. On the other hand, if the [...]
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 [...]
Time To Look At Gold Again? SPX, Nasdaq, DO, SLB, RIG, GLD, GOLD, ABX, RGLD, GS, WLP, AET, CI, UNH
December 8, 2009 – 9:01 pm
The dollar continued to climb higher today and gold followed lower. Gold has come down about $100/ounce in 3 trading sessions, closing just around $1128/ounce from a high of about $1228/ounce last Thursday. GLD, the gold ETF, has faltered from a recent height of $119.54 to today’s close of $110.95. Gold miners have also fallen [...]
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 [...]
Energy Stocks Keep The Market Up! SPX, Nasdaq, SLB, DO, NOV, HAL, GOOG, IBM, GS, BAC
October 15, 2009 – 5:16 pm
This morning, Goldman Sachs (GS) reported stronger-than-expected earnings. But, since the financials jumped so much yesterday, investors locked in profits and traded the sector lower. GS slipped 1.9% for the day. However, energy stocks were very strong, as oil reached a new year-high at almost $78/barrel. Oil services were especially strong: SLB +4.16%, DO +3.35%, [...]
Commodity Sectors Rise As Market Extends Rally! SPX, Nasdaq, RIG, DO, SLB, NOV, CNX, BTU, MEE, CLF, ESI, APOL, LIZ
October 8, 2009 – 7:38 pm
The surprising profit from AA’s earnings report last night certainly gave a boost to the commodity sectors today. In addition, jobless claims fell to the lowest level since January. Oil services sector was especially strong today: RIG +5.04%, DO +2.72%, SLB +2.67%, NOV +4.12%. Coals stocks also pushed higher: CNX +4.23%, BTU +2.72%, MEE +2.68%, [...]
Commodity Trades Still On! SPX, Nasdaq, AEM, PAAS, FCX, X, BTU, DO, RIG, SLB
September 10, 2009 – 7:41 pm
Last night, in my evening article, I said, "The commodity sectors took a breather today. Coals and steels, however, were mostly green. Gold and silver plays finally saw some profit-taking today, but, I don’t think they are done going up. We’ll see if the commodity sectors can draw new buyers in tomorrow and resume their [...]
Energy Sectors Push S&P 500 To A New 6-Month High!
June 11, 2009 – 9:18 pm
On Tuesday, in my evening article, I said, "If VIX breaks down below 28, I think we’ll see SPX above 950. [...] USO (oil) still seems strong, as the dollar looks weak again. Energy sectors could help the market push higher." Today, VIX broke down all the way to below 27. SPX jumped to a [...]
Oil, Energy Sectors Lead The Market Lower! SPX, Nasdaq, DO, RIG, SLB, NOV, GE, ORCL, RIMM, POT
December 18, 2008 – 5:44 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was weak all day today. Last night, I wrote: “…[VIX's] hourly chart is bottoming. We have to be a little more careful here, as people are locking in profits. SPX 900 will be an important support level. Remember, this is also the options [...]
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