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 [...]
Category Archives: SPX
Mapping Market’s Every Move! SPX, Nasdaq, ICE, CME, GOOG, AMGN, AA (Part II)
July 8, 2009 – 5:10 pm
(continued from Part I) This morning, AMGN shares jumped as it released positive "bone-drug" study results. AMGN shares traded almost $61/share from yesterday’s close of $52.23. AMGN closed up +13.92% at $59.5. GOOG also unveiled more positive news on its new desktop computer operating system. I wrote an article about GOOG’s OS in the beginning [...]
Mapping Market’s Every Move! SPX, Nasdaq, ICE, CME, GOOG, AMGN, AA (Part I)
July 8, 2009 – 5:08 pm
The market opened higher today. But, the selling pressure was still heavy, and, the market soon sank lower. In the Trading Room today, ICE and CME puts were still among the favorite plays (see news from yesterday): billbigd July 8, 2009 6:44 AM ICE baby ICE $3 to 13.6 Frosty Muggs July 8, 2009 6:49 [...]
Market Slumps To Test Support Levels: SPX, Nasdaq, ICE, CME, RIMM, GOOG, AAPL
July 7, 2009 – 5:56 pm
In my Market Forecast this weekend, I talked about the market testing SPX 880 and Nasdaq 1750. We have arrived at those levels. The market was weak from the start and sank lower as the day went. Most sectors were down, with techs leading the drop. GOOG and RIMM both lost more than 3%. AAPL fell [...]
Techs Lead The Market Rally: SPX, Nasdaq, RIMM, AAPL, PALM, GOOG, IBM, DELL, SOHU, CHINA, KONG, STP, YGE
May 26, 2009 – 6:15 pm
The market opened down today, but, immediately bounced higher, cheering the surging consumer confidence! Personal computer and smartphone stocks were especially strong, including AAPL +6.76%, RIMM +6.55%, and PALM +10.38%, IBM +3.07%, and DELL +2.67%. Speaking of smartphone stocks, does GOOG count? Well, it also jumped today, up $10.86, closing above $400. This weekend, in [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XME, FXI
May 18, 2009 – 5:34 pm
Last Friday, when the market was down big, we cashed out our positions with solid gains (Click here to see last week’s trades) and stayed in cash. In the Trading Room, I told our members to be patient and start to look at June calls: May 15, 2009 10:17 AM GS coming back up; still [...]
Financials And Techs Lead The Market In Bounce: SPX, Nasdaq, POT, MOO, HBAN, STT, FITB
May 14, 2009 – 6:56 pm
After 3 days of profit-taking, the market was strong right from the open today. Financials and techs led the rebound. Regional banks were especially jumpy: HBAN +7.03%, STT +6.52%, FITB +7.12%. Agriculture stocks continued to push higher. We got back into both POT and MOO and again scored some nice trades: May 14, 2009 12:50 [...]
Weak Retail And Housing Data Spooks Market: SPX, Nasdaq, MGM, WYNN, LVS, BAC, HBAN, FITB, CME, SKF, SRS
May 13, 2009 – 7:18 pm
Right out of the gate, the market was weak today. Retail sales dropped and foreclosures on homes continued rising. Stocks were mostly on the defensive and slipped lower as the day went. Financials continued to fall from their recent heights. BAC fell 10.20%; HBAN slumped 14.86%; FITB dropped 14.70%. In the morning, MGM announced its [...]
Trading In The Options Expiration Week! SPX, Nasdaq, FSLR, CME, POT, GOOG
May 12, 2009 – 7:53 pm
The market started out weak. But, when SPX slid below the 900 level, buyers came in and drove the market into the green. Financials and techs struggled to find strength. The market was held up by commodity-related sectors. Agriculture and gold miners were particularly strong. This weekend, in my weekly Sector Watch, I specifically mentioned [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, MOO
May 10, 2009 – 8:53 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, the "stress test" results on banks will likely be a mover for the market. Meanwhile, much attention seems to be shifting towards energy sectors. Techs are still healthy and Nasdaq should push to perhaps test 1800. For SPX, 900 is the next resistance." Indeed, the [...]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
