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Category Archives: WFC

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG

August 8, 2010 – 8:11 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data.  For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase.  To break higher, SPX will have to break above 1120.  For Nasdaq, the resistance is at 2300." [...]

By HappyTrading | Also posted in ACI, AGU, AIG, ANR, BAC, BTU, CF, GLD, GS, JPM, MEE, MOO, MOS, POT, WLT, XLE, XLF, XME | Comments (0)

Market Dips As Bernanke Speaks: SPX, Nasdaq, MS, WFC, FCX, AAPL, EBAY, FFIV, QCOM, BIDU, NFLX, ISRG, SBUX, CMG, NUE

July 21, 2010 – 2:24 pm

The market started off strongly on strong earnings from MS, WFC, and FCX.  MS ended the day up +6.26% at $26.8; it traded as high as $27.89.  WFC closed only slightly higher, but, did trade up to $27.6.  FCX traded above $68 before closing at $66.06, up +2.71%. However, as Bernanke started to give his [...]

By HappyTrading | Also posted in AAPL, BIDU, CMG, EBAY, FCX, FFIV, ISRG, MS, NFLX, NUE, QCOM, SBUX | Comments (0)

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

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 [...]

By HappyTrading | Also posted in AAPL, BRCM, BTU, CLF, CRUS, FCX, FFIV, IBM, NFLX, QCOM, SBUX, SNDK, STLD, TXN, VMW, WLT, X | Comments (0)

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 [...]

By HappyTrading | Also posted in AAPL, AMZN, FCX, GS, IBM, INX2, NFLX, OIH, QCOM, SBUX, SNDK, TXN, XLF, XME, YHOO | Comments (0)

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

July 7, 2010 – 3:05 pm

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 [...]

By HappyTrading | Also posted in AAPL, CREE, CRM, GOOG, GS, NFLX, PNC, VECO, VMW | Comments (0)

Making Money In A Down Market! SPX, Nasdaq, GS, PRU, JPM, WFC, SHLD, NFLX, DECK, EOG, WYNN, LVS, MGM

May 20, 2010 – 4:42 pm

In my Market Forecast for this week, I mentioned, "SPX 1120 could provide some initial support, but, below SPX 1120, the market could test SPX 1080."  On Tuesday, in our Trading Room , I said, May 18, 2010 12:13 PM VIX should at least test 40 on this run… From Monday through Wednesday, SPX tested 1120.  [...]

By HappyTrading | Also posted in DECK, EOG, GS, JPM, LVS, MGM, NFLX, PRU, SHLD, WYNN | Comments (0)

Market Slumps With Falling Euro! SPX, Nasdaq, CME, ICE, GS, MA, V, WFC, JPM, SHLD, WYNN, LVS, MGM

May 18, 2010 – 7:07 pm

The market opened higher this morning, but, immediately started to slide.  Euro was also higher this morning, and it too, slipped from the open.  As the Euro went lower and lower, so did the market.  If you have been reading my articles, you would know that I have been more and more bearish about the [...]

By HappyTrading | Also posted in CME, GS, ICE, JPM, LVS, MA, MGM, SHLD, V, WYNN | Comments (0)

Financials Jump On JPM Earnings! SPX, Nasdaq, JPM, GS, BAC, WFC, INTC, FFIV, MRVL, SNDK, IBM

April 14, 2010 – 4:24 pm

Stocks jumped higher today led by the financials.  This morning, JPM reported strong earnings, easily beat the analysts’ estimates, making 74 cents per share vs. a consensus of 64 cents per share.  Financials rallied immediately at open:  JPM +4.05%, GS +3.16%, BAC +3.91%, WFC +3.51%.  FAS (3x Financial Bull ETF) soard +7.57%, adding $8.3.  FAS [...]

By HappyTrading | Also posted in BAC, FFIV, GS, IBM, INTC, MRVL, SNDK | Comments (1)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, GOLD, AEM, NEM, ABX, PAAS, GS, MS, JPM, BAC, WFC

April 11, 2010 – 7:03 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we should see strength in the market early in the week.  Friday’s jobs report actually paints a very good scenario for the stock market.  While jobs were added, the unemployment rate was left unchanged.  This should help to keep a lid on the [...]

By HappyTrading | Also posted in ABX, AEM, BAC, GS, JPM, MS, NEM, PAAS, gold | Comments (0)

Market Bounces After Fed Keeps Rates Unchanged: SPX, Nasdaq, AAPL, GS, PRU, WFC, PNC, BAC, NFLX, QCOM, AMZN, MSFT

January 27, 2010 – 7:53 pm

The market was volatile today, as expected.  In the morning, while Geithner and Paulson were getting questioned by the Congress, the market remained weak.  After AAPL’s media event got started, things became a little better.  AAPL did indeed reveal its new tablet, the "iPad".  The initial reaction was not so good, as AAPL sold off [...]

By HappyTrading | Also posted in AAPL, AMZN, BAC, GS, MSFT, NFLX, PNC, PRU, QCOM | Comments (0)