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Category Archives: WLP

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 [...]

Time To Look At Gold Again? SPX, Nasdaq, DO, SLB, RIG, GLD, GOLD, ABX, RGLD, GS, WLP, AET, CI, UNH

The dollar continued to climb higher today and gold followed lower.  Gold has come down about $100/ounce in 3 trading sessions, closing just around $1128/ounce from a high of about $1228/ounce last Thursday.  GLD, the gold ETF, has faltered from a recent height of $119.54 to today’s close of $110.95.  Gold miners have also fallen [...]

Market Comes Alive On “Mutual-Fund Monday”! SPX, Nasdaq, WLP, ESRX, UNH, PNC, PRU, STT, MA, GOOG, MOS, SEED, GRO

The market hopped out of the gate this morning on some "happy feet" as home sales jumped in October to their highest level in more than 2-1/2 years!  In addition, gold continued to make new record highs, trading nearly to $1175/ounce intraday.  As gold went higher, gold miners followed up, which in turn inspired other [...]

This Is Where Bulls And Bears Fight It Out!

After the big drop on Monday, the market has been very volatile.  The overall sentiment has been negative.  Today, the market started out strong and was able to keep most of the gains.  Financials and health care stocks were among the stronger sectors.  For the health care sector, MRK added +3.55%; WLP jumped +5.38%; and, [...]

Market Rests After Easter Rally! SPX, Nasdaq, GS, BIDU, TSL, GOOG, BIIB, ESRX, WLP, INTC

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Yesterday, in my Market Forecast, I mentioned that “[t]he market may be a bit hesitant on Monday after the powerful run-up last week.”  The market opened lower, but, fought its way back to the green, although the Dow still closed down.  Financials were strong once [...]

Slip Sliding Away… SPX, Nasdaq, GOOG, CME, ISRG, TXN, WLP

Well, the market just kept on “slip sliding away”. Ironically, the lyrics of this “Simon & Garfunkel” song say, “You know the nearer your destination, the more you slip sliding away.” Funny, these hippie song writers perhaps knew more than what we give them credit for, as the market capitulation may be near. The Dow [...]