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Category Archives: VECO

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 [...]

Market Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X

As further economic data showed slowing in the global economy, the US stock market took a sharp fall today.  Miners led the market lower:  WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%.  Market leaders such as GS and AAPL also took big falls.  GS dropped 3.02%, closing below $150.  AAPL lost 3.55%, [...]

Market Surges After 2 Weeks Of Selloff: SPX, Nasdaq, GOOG, AAPL, NFLX, CREE, VMW, CRM, VECO, GS, PNC, WFC

In my Market Forecast this week, 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 [SPX 1040; Nasdaq 2150] should be the first resistances.  We could see some volatile trading to start the week."  Yesterday, the market gapped higher and [...]