The market has just been going through big swings this week! This morning, both CAT and UPS reported strong earnings and buyers rushed back into the market. CAT finished the day up +1.69% while UPS jumped +5.23%. FDX outpaced UPS, rising +6.08% (it does look like both FDX and UPS can run much higher from [...]
Category Archives: WLT
Earnings Galore! CAT, UPS, FCX, CLF, WLT, AMZN, SNDK, MSFT, CMG, MOS, AXP, KWK
July 22, 2010 – 8:13 pm
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 [...]
Market Stumbles On Economic Worries: SPX, Nasdaq, APA, EOG, IOC, CLF, WLT, BTU, X, AAPL, GOOG, RIMM, AMZN
June 29, 2010 – 4:41 pm
Last night, Chinese stock market’s Shanghai SE Composite Index dropped more than 100 points, or more than 4%. This morning, the US market followed the bearish sentiment, gapping lower. US consumer confidence index fell 10 points in June, the biggest fall since February. The selling continued throughout the day and the market pretty much ended [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, GLD, USO, XME, OIH, SLB, DO, RIG, GOLD, NEM, PAAS, CLF, WLT, BTU, BHP
June 20, 2010 – 8:18 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, things may be a bit tricky. First of all, it’s options expiration week, so some "maneuvers" are to be expected. The market is definitely trying to draw a bottom. But, after charging higher 2 days in a row, we may see some indecisiveness [...]
Market Breaks Above Key Resistance! SPX, Nasdaq, RIMM, AAPL, AMZN, GOOG, CLF, WLT, BHP, JOYG, BUCY, DO, RIG, BP, APC, APA, PCP, BA, BBY, MA, V
June 15, 2010 – 3:06 pm
Once again, the afternoon weakness, that occurred yesterday, turned out to be another shakeout! Today, the market cooked up a broadbased rally. So far, the market has behaved exactly as discussed in my Market Forecast this weekend. Techs were very strong today. RIMM led the charge with a +5.85% gain, while AAPL, AMZN, GOOG added [...]
A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM
June 2, 2010 – 4:46 pm
This morning, the latest home sales data came in better than expected. Stocks saw strength right from the start. Energy stocks bounced: SLB +8.81%, HAL +11.96%, APA +4.24%, UPL +10.34%, EOG +6.86%. Coal stocks also attracted buyers back in: WLT +6.13%, CLF +5.95%, PCX +8.95%, BTU +7.65%. The exchanges were very strong as well. Both [...]
Energy Stocks Drag The Market Down! SPX, Nasdaq, BP, RIG, DO, SLB, BHI, APA, APC, WLT, CLF, BTU, CNX, ACI, AAPL, APOL, AMGN
June 1, 2010 – 7:59 pm
Over the Memorial Day Weekend, BP had failed to stop the oil leak in the Gulf of Mexico. Out of the gate, the oil services sector gapped lower. Further, the government announced criminal and civil investigations into the oil spill. BP stock tumbled 14.97%! Other oil services companies took a hit as well: RIG -11.85%, DO [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XME, SOXX, WLT, CLF, GOLD, BP, RIG, DO, SLB, HAL, BHI
May 31, 2010 – 7:03 pm
First of all, happy Memorial Day! Last weekend, in my Market Forecast, I said: "For the new week, we’ll have to see how much momentum the bounce on Friday has to carry through. SPX 1110, 1120, and its 10-day MA should provide resistances. The daily MAs of SPX and Nasdaq are well into their new [...]
Big Upswing Brings Nasdaq Green For 2010! SPX, Nasdaq, SNDK, BRCM, FFIV, GOOG, BIDU, AMZN, RIMM, AAPL, CLF, WLT, BTU, ACI, APOL, ESI, TLT
May 27, 2010 – 4:12 pm
The market jumped out of the gate today on China’s show of confidence in European debt even though the lastest jobs report may not have been inspiring. Investors rushed back in to pick up tech stocks, sending Nasdaq roaring up +81.8 points and into the green for 2010. GOOG added $15 to close above $490. [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, SOXX, GS, WLT, CLF, BTU, ACI, PCX, BRCM
May 23, 2010 – 8:01 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a very vulnerable position. The bounce last week took to the market to test the 10-day MA. But, with a quick reversal, it closed under the 10-day MA again. Further, both SPX and Nasdaq are showing newly developed bearish [...]
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