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 [...]
Category Archives: TXN
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
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 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, SOXX, XLF
January 24, 2010 – 7:56 pm
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
December 6, 2009 – 9:36 pm
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 [...]
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 [...]
Earnings Fail To Excite Market! SPX, Nasdaq, AAPL, TXN, BLK, BTU, YHOO SNDK, CREE, ISRG
October 20, 2009 – 5:20 pm
Although both AAPL and TXN reported solid earnings yesterday, they were not enough to draw more buyers in, just yet. The market took a breather as the dollar managed a bounce, which resulted in weakness in the commodity sectors. AAPL closed below the $200 level, up just +4.69% from yesterday’s close. TXN barely kept in [...]
Market Rallies Higher On Commodity Sectors! SPX, Nasdaq, POT, MOS, CF, AGU, FCX, RTP, BTU, ACI, CNX, AAPL, TXN
October 19, 2009 – 8:22 pm
The market was strong today with commodity sectors leading the rally. Yesterday, in my Sector Watch, we looked at the agriculture sector, as MOO made a solid move higher last week. Today, POT was rumored to be a buyout target for BHP, and, the sector pushed higher! POT opened above $100 this morning and never [...]
Market Adds To Gains! SPX, Nasdaq, FSLR, MA, BLK, COF, WFC, GS, JNPR, TXN
September 9, 2009 – 4:56 pm
The market saw profit-taking today in the commodity sectors. Gold traded above $1000 in the morning, but, closed below $995/ounce. Oil prices were flat. With 1/2 hour before the close yesterday, I said in our Trading Room: September 8, 2009 12:33 PM market feels like it wants to go higher, but, intraday charts are toppy, so, [...]
Market Rally Continues! SPX, Nasdaq, CIT, HGSI, TXN, LM, JDAS, V, MA, AXP, FCX, X, BTU, RTP
July 20, 2009 – 4:35 pm
After hearing that CIT managed to secure a financing deal, the market opened higher. Commodity sectors led the charge (see Sector Watch from last night’s article). Miners were especially strong: FCX added +2.7% (earnings tomorrow morning); X jumped +5.51%; BTU was up +5.04% (upgrade today); RTP hopped $6.5! Credit card companies also traded higher: V [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, XLF, XME, XLE, PBW
July 19, 2009 – 6:53 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks very vulnerable. The market would have to overcome a lot of downside pressure to push higher. Goldman Sach’s (GS) earnings on Tuesday morning could decide the market’s near-term fate." Indeed, GS earings turned out to a dominant force. On Monday, [...]
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