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Category Archives: V

Gold Soars To New Record High! SPX, Nasdaq, GLD, GOLD, NEM, AEM, BBY, RDWR, MA, V, GS, CME, GOOG

Gold popped higher today to a new record high, trading around $1270/ounce.  Gold miners were equally strong:  GOLD +4.39%, NEM +4.02%, AEM +3.63%.  This morning, retail sales came in better-than-expected.  In addition, BBY delivered a bullish quarter, sending its stock up +6%.  MA and V bounced on the news.  MA added +3.48% and V climbed +2.5%.  [...]

Market Consolidates After Solid Gains Last Week: SPX, Nasdaq, PCLN, MA, V, VECO, CREE, VMW, CRM, CMG

After making solid gains last week, the market has been consolidating after the long Labor Day weekend.  Lacking economic news in the US, the market seemed to focus on the European financial system.  Yesterday, the market slumped on worries of European banks.  Today, the market rallied after a successful auction of Portuguese government debt.  Are [...]

No Surprises From The Fed: SPX, Nasdaq, NFLX, AKAM, SPWRA, LDK, CREE, DIS, MA, V

The market gapped down at the open today, following Asian markets big drop last night.  In the afternoon, the Fed came out with its decision of not changing the interest rate and to take small steps in further stimulating the economy.  The market recovered some of its losses, but, still closed lower. NFLX jumped almost [...]

Market Pulls Back On Latest Economic Data: SPX, Nasdaq, GLW, BA, RIMM, V, AKAM, ESRX, GENZ, AZN

The market pulled back today after seeing the reported durable goods numbers were lower than expected.  Investors may also be cautious ahead of the jobless claims report tomorrow and the GDP on Friday.  This morning, GLW reported solid earnings, but, the forward guidance failed to inspire investors.  GLW was down 1.89%.  BA shares also slupmed [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU

Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in…  The market is barely being supported by its daily MAs.  A quick dip could send it to test SPX 1040 again.  It’ll be up to the earnings again.  Monday and Tuesday could induce big [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, OIH, XLF, FSLR, TSL, YGE, GS, MA, V, DO, RIG, SLB, RIG, APC

Last weekend, in my Market Forecast, I wrote: "For the new week, this week is still range-bound with a bearish bias.  The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again.  However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s [...]

Happy 4th of July! JOYG, OIH, GLD, BHP, GOOG, EOG, V, AMZN, CMG

Happy 4th of July! A quick note:  My Monthly Wrap reports normally only include the closed trades for the month, because it makes things easier to read.  As always, the Trade Records page (you might want to make a bookmark for this page) contains detailed records of both the opening and closing trades.  Here’s the version of only [...]

June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP

This year is going by so fast!  Already, we are into the 3rd quarter!  June was a very volatile month.  We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month!  We traded accordingly and played  both sides.  We still came away with some pretty [...]

6/25/10 Weekly Wrap: V, RIG, GS, WYNN

The market was very volatile, once again!  VIX went briefly above 30 on Thursday.  Monday morning’s gap-up open turned out to be a head-fake for the broader market, as SPX came all the way from 1130 to below 1080.  Gold and oil charged higher on Friday, with gold closing above $1255/ounce!  Here are the closed [...]

How Fast Things Can Turn: SPX, Nasdaq, APA, BP, RIG, DO, CME, ICE, V, MA, RIMM, AAPL, ORCL

Just this Monday, things seemed ready to break out with the Chinese yuan finally loosening its peg to the dollar.  A couple of bad housing reports and a few days later, this market is at the verge of breaking down again!  SPX shot up above 1131 on Monday morning; today, it closed below 1080, at 1073.69.  [...]