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Category Archives: SPX

Market Jumps On Better Economic Data! SPX, Nasdaq, BHP, CLF, GS, BP, APC, NOV, NBL, DO, RIG, CF, POT, AGU, MON

This morning, the latest jobless claims fell by the largest amount in almost a year.  In addition, China reported solid export numbers.  The market opened strongly and closed even higher.  On Tuesday, in my article, I gave some trading ideas.  Basically, I said that if the market is strong, the buying will be in the energy [...]

Financials Pull Back As Market Stalls: SPX, Nasdaq, GS, FNM, FRE, AIG, PCLN

The market took another break today, as the financials pulled back.  GS was very weak, dropping another $3.29 and went below $160 intraday.  Just 2 days ago, GS traded above $170.  Nevertheless, beaten-down insurers continued to rebound.  FRE jumped +128%.  FNM gained +51.5%.  AIG add another +5.75%.  Commodity sectors were mostly on the weak side.  [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, XME, XLE

Last weekend, in my Market Forecast, I said, "For the new week, I think there is still a lot of sidelined money looking to come in the market.  There is a possibility that we see a quick pullback, just to make some room for the technicals.  The dollar took a big drop on Friday, which [...]

Quick Wrap-Up For Thursday: SPX, Nasdaq, ISRG, JOYG, SOHU, EDU, AMZN, MSFT, BIDU, GS, FSLR, SPWRA, TSL, YGE, STP

I have guests visiting starting tonight.  So, I’ll do a quick wrap-up.  The market started out strong and finished stronger.  In the morning, both home sales and unemployment numbers were seen as favorable to the economy.  Stocks charged higher and higher.  Commodity related sectors came back up today.  GS led the financials higher, adding $5, [...]

Nasdaq At New Height Since October 2008! SPX, Nasdaq, IBM, GOOG, JPM, GS, SNDK, STEC, FCX, X, CNX, MEE, AXP, V, MA

The market spent most of the day trading flat.  But, in the late afternoon, there was a surge of buying just before IBM and GOOG’s earnings reports.  This morning, JPM reported a 36 percent jump in second quarter profits, but, its shares traded flat.  On the other hand, GS pushed higher in the afternoon, and [...]

Stocks Surge After Earnings From Intel (INTC)! SPX, Nasdaq, INTC, GOOG, BIDU, GS, AAPL, FCX, X, CNX, MEE, JPM, IBM

INTC’s superb earnings last night gave the market a nice boost right from the start, and, it never looked back!  The techs and financials were very strong.  INTC shares closed +7.25% higher.  GOOG, which reports earnings after the market tomorrow, jumped $13.48, or +3.17%.  BIDU added $16.76, or +5.6%.  GS, after a muted response directly after [...]

Intel (INTC) Jumps On Earnings! SPX, Nasdaq, GS, INTC, BIDU, GOOG, EXM, DRYS

This morning, GS delivered a $2.7 billion quarterly profit.  But, its stock went up so much yesterday, it closed nearly flat.  However, the news was enough to help the market overcome slight early weakness and close in the green.  Or, perhaps the market was expecting more good news from INTC?  After the market, INTC reported [...]

Markets Up, Fast And Furious, Thanks Meredith? SPX, Nasdaq, GS, BAC, WFC, JPM, STT, HIG, AIG, PRU, POT, GOOG, BIDU

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

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

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 [...]