Last weekend, in my Market Forecast, I said: "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels should be the first resistances. We could see some volatile trading to start the week. If the market cannot break SPX 1040, [...]
Category Archives: STP
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM
July 11, 2010 – 8:47 pm
Market Cheers Better Jobs Report: SPX, Nasdaq, FSLR, TSL, RIG, BP, ESI, APOL, DV, GS
April 29, 2010 – 7:48 pm
The market was very strong today, cheering solid earnings and falling jobless claims. As the market rose, BP and RIG turned the other direction, as the situation of the oil spill from the rig explosion got worse and turned into a crisis. BP tumbled 8.34% and RIG fell 7.45%. This incident further pressures the White House [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, PBW, OIH, XLE, STP, FSLR, YGE, TSL, SPWRA
March 21, 2010 – 7:55 pm
Last weekend, in my Market Forecast, I said: "For the new week, although market indices still look strong, this rally is extended. Many tech and financial leaders could use a breather. On Tuesday, we have the FOMC meeting. The market may act undecidedly ahead of the meeting. If the market slips ahead of Fed’s rate decisions but [...]
Financials Help S&P 500 To New High! SPX, Nasdaq, GS, C, PNC, STI, V, MA, RIMM, GOOG, AMZN, AAPL, FSLR, STP, TSL
March 11, 2010 – 9:14 pm
Financials stayed strong today and helped to push S&P 500 to a new 17-month closing high! In my Market Forecast this weekend, I said, "… the market has gone quite far, so it may need a breather through the mid-week. If the market can hold its altitude while letting off some steam, we could see [...]
Energy Stocks Continue To Soar! SPX, Nasdaq, UPL, APA, WLT, TSL, STP, FSLR, SPWRA, OIH, RIG
December 15, 2009 – 7:53 pm
The market was jittery ahead of the FOMC meeting tomorrow. However, energy stocks still attracted buyers. Last night, we visited many of these gainers. Today, most of them continued to rise higher: UPL +3.51%, APA +0.61%, WLT +1.77%. Solar stocks were especially strong: TSL +4.29%, SPWRA +4.01%, STP +2.46%, FSLR +0.25%. FSLR barely ended in the [...]
Solars And Fertilizers Still Attracting Buyers! SPX, Nasdaq, FSLR, SPWRA, STP, TSL, YGE, CSIQ, POT, MOS, CF, AGU, FDX, UPS
December 7, 2009 – 8:09 pm
The market was stagnant today, spending most of the day slightly up. But, it sank into the red in the afternoon, although not by much. A couple of sectors stood out, however. Solars and fertilizers were strong from the open and kept most of their gains. In the Sector Watch section of my article last [...]
Chip Makers Lead The Market Lower: SPX, Nasdaq, INTC, TXN, DELL, TSL, STP, GOOG
November 19, 2009 – 6:06 pm
The market started out weak on an inline unemployment report. The chip makers led the market lower as Bank of America downgraded both INTC and TXN. INTC lost 4.08% while TXN dropped 3.38%. If you read the above linked article, you can really get a sense that it is a "ratings game". The timing was [...]
Market Rallies On Positive Economic Data! SPX, Nasdaq, TSL, YGE, STP, FMCN, CHU, CYD, HMIN, SBUX, NILE
November 5, 2009 – 8:55 pm
This morning, the jobless claims numbers were much less than expected. Adding to CSCO’s positive outlook from last night, the market was in a rallying mood from the open. In our Trading Room, I commented: November 5, 2009 6:58 AM good morning! market nice economic data this morning; market should have a solid day to [...]
Gold At New Record High! SPX, Nasdaq, GLD, SLV, GOLD, ABX, AEM, PAAS, TSL, STP, YGE, BNI, UNP, CSX
November 3, 2009 – 8:38 pm
It was a volatile morning while stocks bounced around and experienced fast swings in a tight range. We got shaken out of a couple of trades in the morning. But, soon, much attention turned to gold as it rallied to a new record high, trading above $1084/ounce! Gold surged on news that the Reserve Bank [...]
Commodity Sectors Jump Again! CNX, BTU, CLF, X, AKS, NUE, FSLR, SPWRA, TSL, STP, POT, MOS
September 15, 2009 – 8:43 pm
The market continued with its graduate ascend. Commodity sectors were strong again! Yesterday, I wrote about the coal stocks. Today, they pushed higher: CNX +4.47%; BTU +2.11%; CLF +5.1%. Yesterday, we bought CNX Oct 42 calls: September 14, 2009 07:46 | HappyTrading CNX ($42.20) Bought to Open SDFJP Oct 42 calls, at $2.69 Today, we [...]
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