After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts. Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum. Other sectors followed higher. Energy stocks turned green. Miners were also strong. Tonight, Brown secured a victory. Health care stocks may get a pop [...]
Category Archives: WFC
Market At Highest Close In 15 Months! SPX, Nasdaq, IBM, CREE, RMBS, AAPL, APA, WLT, HES, BAC, WFC, BK, STT
January 19, 2010 – 9:09 pm
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 [...]
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 [...]
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 [...]
Energy Stocks Jump On Merger! SPX, Nasdaq, XOM, XTO, APA, DVN, UPL, ECA, CSIQ, TSL, SOLF, LDK, C, WFC, V, MA, COF, BAC, C, WFC
December 14, 2009 – 6:05 pm
Last night, Dubai received a $10 billion bailout from Abu Dhabi. This morning, XOM announced a $31 billion deal to buy XTO, sending XTO stock up more than +15%! Other stocks in the energy sector jumped as well: APA +4.09%, DVN +4.55%, UPL +3.78%, ECA +4.99%. Besides natural gas companies, solar stocks were also up: [...]
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 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, GDX, XLF, XLE
November 15, 2009 – 9:43 pm
Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position. If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher. The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150. Although VIX closed below [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD
November 8, 2009 – 8:49 pm
Last weekend, in my Market Forecast, I said, "For the new week, it looks like the market is trying to send the Fed a message before the FOMC meeting on Wednesday. What the market is trying to show is the potential "double-dip" if the Fed pulls out liquidity measures too soon. On Friday, the market will get the latest unemployment rate [...]
Market Cheers GDP Report: SPX, Nasdaq, FCX, RTP, BTU, ABX, PRU, PNC, HIG, WFC, CLF, PCLN, LVS, WYNN
October 29, 2009 – 8:46 pm
This morning, the GDP report was better than expect, coming in at +3.5% (vs. the consensus of +3.2%) for the quarter from July through September. The market was encouraged by the news and rallied back up, after the recent 4-day selloff. The Dow was particularly strong, charging up almost +200 points!! Commodity sectors had sold off hard earlier [...]
Market Sinks To Test Support: SPX, Nasdaq, MS, WFC, AAPL, FCX, FFIV, EBAY
October 21, 2009 – 7:43 pm
Yesterday, in my evening article, I said, "For the past 4 trading sessions, the market has been treading water, which means some consolidation is happening. Both SPX and Nasdaq are sliding away from the daily upper BB. This shows a lack of immediate momentum to push the market higher. Unless the market can jump back up to [...]
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