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Category Archives: SOXX

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, TLT, USO, GLD, SOXX, MOO, POT, MOS, AGU, CF, CAGC, SEED

Last weekend, in my Market Forecast, I said, "For the new week, the market can run further into its newly developed bullish formation.  The market has already stuttered around the SPX 1120 to 1130 area for a long time.  If it’s going to break higher, it’ll have to catch the daily upper BB.  This will [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU

Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in…  The market is barely being supported by its daily MAs.  A quick dip could send it to test SPX 1040 again.  It’ll be up to the earnings again.  Monday and Tuesday could induce big [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XME, SOXX, WLT, CLF, GOLD, BP, RIG, DO, SLB, HAL, BHI

First of all, happy Memorial Day! Last weekend, in my Market Forecast, I said: "For the new week, we’ll have to see how much momentum the bounce on Friday has to carry through.  SPX 1110, 1120, and its 10-day MA should provide resistances.  The daily MAs of SPX and Nasdaq are well into their new [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, SOXX, GS, WLT, CLF, BTU, ACI, PCX, BRCM

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a very vulnerable position.  The bounce last week took to the market to test the 10-day MA.  But, with a quick reversal, it closed under the 10-day MA again.  Further, both SPX and Nasdaq are showing newly developed bearish [...]

Market Forecast + Sector Watch + Weekly Wrap: SPX, Nasdaq, GLD, USO, SOXX, MOO

This weekend is a triple holiday weekend!  Happy Valentine’s Day, Happy Chinese New Year, and Happy President’s Day!                   Hope you’ve had a wonderful weekend! Last Sunday, in my Market Forecast, I wrote: "For the new week, the market could stage a bounce and bounce off of SPX 1060.  Whether or not the bounce is [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, SOXX, XLF

Last weekend, in my Market Forecast, I said, "For the new week, the market will start on some shaky grounds.  Once again, it’s mostly about the earnings!  On Tuesday, before the market opens, C reports, and after the market, we’ll hear from IBM.  These could set the tone for the broader market until Thursday, when [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, SOXX, XLE

Last weekend, in my Market Forecast, I wrote: "Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market.  VIX jumped to test 26 on Friday and closed just below 25.  However, SPX’s daily MAs have just developed into a new bullish formation!  There are still [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD

Last weekend, in my Market Forecast, I wrote: "For the new week, I think the recent consolidation has been healthy.  The market will start the new week in a bit more vulnerable position.  With VIX above 22, it can easily test 23 to 24 area.  If SPX 1080 and Nasdaq 2150 can hold, we could [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, SOXX

Last weekend, in my Market Forecast, I wrote: "For the new week, with SPX already at its daily upper BB, the market looks to be ready to push higher.  But, since we’ve had 3 consecutive strong days already, Monday may be a bit choppy, as the market may need to let off some steam; and, there [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, SOXX

Last weekend, in my Market Forecast, I said, " For the new week, after treading water for the past 2 weeks, the market is starting to slide on to the bearish side.  After not being able to break higher during the week, both SPX and Nasdaq ended below the 30-day MA.  Further, the MACD is curving down again.  These [...]