The market was weak at the open, but, managed to bounce back. However, immediately after the Fed minutes were released, the market suffered a quick drop. It paddled back up in the last hour to closed flat, flat and mixed. Techs were on the weak side with semiconductors getting hammered; mining stocks, on the other [...]
Category Archives: SNDK
Market Ended Mixed In Volatile Trading: BRCM, SNDK, MRVL, CLF, WLT, ANR, NFLX, AMZN, GOOG, AAPL
August 31, 2010 – 7:00 pm
Rising Jobless Claims Spook The Market, Again! SPX, Nasdaq, INTC, MFE, SYMC, SHLD, SNDK, CRM, MRVL, INTU, DELL, HPQ
August 19, 2010 – 4:12 pm
Lots of news on the market today! INTC came out with a 60% premium bid for MFE, at $7.68 billion. MFE shares jumped +57.07% while INTC fell 3.52%. SYMC, another security software company, saw its shares rise +6.2%. However, investors focused on the rising jobless claims number and drove the broader market down. SHLD reported weak sales [...]
Hammer Time! Markets Deflect Poor Jobs Report
August 7, 2010 – 3:53 pm
What a relief! After that awful jobs report it certainly seemed as if the rally started Monday was going to fizzle out, and maybe break some support levels. Well, the dip buyers had other things in mind. Volume was big early in the session, of course many bailing out on stocks as the BLS released [...]
Earnings Galore! CAT, UPS, FCX, CLF, WLT, AMZN, SNDK, MSFT, CMG, MOS, AXP, KWK
July 22, 2010 – 8:13 pm
The market has just been going through big swings this week! This morning, both CAT and UPS reported strong earnings and buyers rushed back into the market. CAT finished the day up +1.69% while UPS jumped +5.23%. FDX outpaced UPS, rising +6.08% (it does look like both FDX and UPS can run much higher from [...]
Market Brushes Aside Earnings From IBM And TXN: SPX, Nasdaq, IBM, TXN, AAPL, CRUS, SNDK, BRCM, VMW, CLF, BTU, STLD, WLT, FCX, X, WFC, NFLX, FFIV, QCOM, SBUX
July 20, 2010 – 2:15 pm
Yesterday, the market eked out a small gain, ahead of IBM and TXN’s earnings. Then, both IBM and TXN disappointed investors with their quarterly reports. Today, the market open gapped down, but, started to bounce almost immediately. Both BTU and STLD delivered solid earnings and commodity sectors soon bounced strongly. Miners did especially well: CLF [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Late Selling Sends Market Lower! SPX, Nasdaq, OSG, FRO, TK, AAPL, GOOG, CMG, NFLX, SNDK, VMW, MON, DNDN
June 30, 2010 – 3:51 pm
The market spent most of the day defending the SPX 1040 level. We saw some bounces in the morning. But, like I said in my article last night, "…the momentum is on the downside right now, and, bounces may invite more selling." In the last hour of trading, the selling resumed on heavy volumes, ending [...]
A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM
June 2, 2010 – 4:46 pm
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 [...]
Big Upswing Brings Nasdaq Green For 2010! SPX, Nasdaq, SNDK, BRCM, FFIV, GOOG, BIDU, AMZN, RIMM, AAPL, CLF, WLT, BTU, ACI, APOL, ESI, TLT
May 27, 2010 – 4:12 pm
The market jumped out of the gate today on China’s show of confidence in European debt even though the lastest jobs report may not have been inspiring. Investors rushed back in to pick up tech stocks, sending Nasdaq roaring up +81.8 points and into the green for 2010. GOOG added $15 to close above $490. [...]
Markets Jump On Europe’s $1 Trillion Rescue! SPX, Nasdaq, BIDU, GOOG, AAPL, AMZN, SNDK, FFIV, PCLN
May 10, 2010 – 7:21 pm
Global markets enjoyed a day of big bounces! After last week’s global slump, markets jumped today encouraged by Europe $1 trillion rescue package. For the US stock market, by the end of the first 30 minutes, most leader stocks were up by more than +5%!! Techs were especially strong with Nasdaq gaining more than +109 [...]
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