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Category Archives: USO

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

February 15, 2010 – 6:10 pm

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 [...]

By HappyTrading | Also posted in AGU, ALTR, BRCM, CF, GLD, MOO, MRVL, POT, SOXX | Comments (0)

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

January 31, 2010 – 9:02 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in danger of breaking down into a "correction".  Besides more earnings reports, FOMC meeting is on Wednesday and the Senate will determine whether Bernanke gets to keep his seat as Fed’s Chairman.  The week will likely be volatile, especially the [...]

By HappyTrading | Also posted in UUP, XLF, XME | Comments (0)

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 [...]

By HappyTrading | Also posted in AAPL, AKS, ALTR, GLD, SOXX, TXN, UUP, XLF | Comments (0)

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

January 10, 2010 – 10:59 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate.  With the MACD turning lower, we could see another couple of days of profit-taking in various sectors.  It will be important for SPX to hold [...]

By HappyTrading | Also posted in AA, ABX, BAC, BIIB, BTK, CELG, DO, GLD, GS, INTC, JPM, RIG, SLB, TEVA, WFC, XLF, gold | Comments (0)

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

January 3, 2010 – 11:34 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week.  If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week.  On the other hand, if the [...]

By HappyTrading | Also posted in BAC, CME, DO, GLD, GS, ICE, JPM, MA, NOV, OIH, RIG, SLB, V, WFC, XLF | Comments (0)

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

December 20, 2009 – 8:24 pm

Last weekend, in my Market Forecast, I said: "For the new week, we have the FOMC meeting on Wednesday.  It’ll be interesting to see how the dollar/gold trade goes ahead of the meeting.  The Fed had already indicated that it will keep the interest rates low for a while.  Since the dollar has bounced quite [...]

By HappyTrading | Also posted in GLD, GS, JPM, MA, PNC, STT, UUP, V, WFC, XLF | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, INX2

December 13, 2009 – 9:40 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market will start with a more bullish stance.  The daily MAs on both SPX and Nasdaq have turned higher.  Nasdaq is already seeing the hint of a new bullish crossover in the MACD.  VIX managed to close just above 21; but, breaking [...]

By HappyTrading | Also posted in AMZN, AXP, COF, GLD, GOOG, INX2, MA, PCLN, V, XLF | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, USO, UUP, GLD, XLF, INX2

October 11, 2009 – 9:32 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market will start out with a slightly weaker stance.  However, if the market can hold its support levels (SPX 1025; Nasdaq 2050), the market can bounce right back up.  The market will need to stay strong right from the beginning.  Earnings season [...]

By HappyTrading | Also posted in AMZN, BAC, GLD, GOOG, GS, INX2, JPM, PCLN, UUP, XLF | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch (Part II): SPX, Nasdaq, GLD, USO, XME, XLF, BLK, ISRG, FSLR, AAPL

October 4, 2009 – 8:27 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market seems to be in a consolidation phase.  Both SPX and Nasdaq are displaying a new "bearish" crossover in the MACD.  VIX could test 27 from here.  The 20-day MA will be the initial support for the market indices.  If the 20-day [...]

By HappyTrading | Also posted in AAPL, BLK, FSLR, GLD, ISRG, XLF, XME | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, USO, FXY

September 27, 2009 – 8:41 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we might see some sideways trading to start the week.  Miners may need to let off some more steam, although some other sectors are just starting to show breakout signs.  SPX has support at 1060 and Nasdaq needs to stay above 2120.  Again, [...]

By HappyTrading | Also posted in FXY, GLD, XME | Comments (0)