The market consolidated during the first couple of days of the week and resumed higher. Major market indices finished slightly up for the week. We were basically in the waiting mode to start the week and finally cashed out some winners today. We got into RIG yesterday as it was trying to break out. RIG [...]
Category Archives: WYNN
A Grand Week For Stocks
September 5, 2010 – 8:44 am
A super turnaround this week as the bulls took charge when the 1040 level held once again. This area, an old support/resistance area from earlier this year was tested three times, but that was the charm. Late Tuesday in trading we saw some big buy orders coming through, the last 10 minutes in fact…vaulting the [...]
August 2010 Monthly Wrap: GOOG, GS, WYNN, ICE, AMZN, MLM, FSLR
August 27, 2010 – 11:25 am
A very nice month. Not an easy thing to do in this environment, and, you porbably don’t need me to tell you that. 100% green on the closed trades this week. Here are the trades for the month (trades with +50% or higher profits are highlighted): August 27, 2010 07:14 | HappyTrading RIMM ($45.60) Sold [...]
8/20/10 Weekly Wrap + FREE Trading Room Access: AMZN, WYNN, GLD, MOS
August 20, 2010 – 3:59 pm
In my Market Forecast for the week, I wrote: "…the latest development in the charts are certainly not bullish. However, it may not necessarily dictate a breakdown… The market could still be range-bound, and, is very mixed." This was exactly what we saw this week. The market was strong earlier in the week, but, turned back [...]
Market Bounces on Latest Economic Data and M&A Activity: SPX, Nasdaq, POT, BHP, CF, MOS, AGU, AMZN, WYNN, WLT, CLF, X, FCX
August 17, 2010 – 5:09 pm
The market was strong out of the gate this morning on the latest economic reports, including better-than-expected industrial production and housing data. WMT reported solid earnings and raised its full-year guidance. WMT shares traded up +1.21%. HD barely beat the estimates with its earnings, but, its shares went up +3.4%. In addition, BHP initiated a [...]
Market Ends Down In Volatile Trading: SPX, Nasdaq, POT, GS, SPY, CLF, GMCR, CME, CTXS, WYNN, FSLR, MET
July 29, 2010 – 8:22 pm
The market started out in the positive territory as jobless claims fell. However, as I stated last night, "SPX can easily slide down to test 1100 again." SPX went up as high as 1115.9 and quickly turned lower. Around noon, SPX had dropped all the way to 1092. That’s almost 24 points on the SPX, or [...]
6/25/10 Weekly Wrap: V, RIG, GS, WYNN
June 26, 2010 – 1:19 pm
The market was very volatile, once again! VIX went briefly above 30 on Thursday. Monday morning’s gap-up open turned out to be a head-fake for the broader market, as SPX came all the way from 1130 to below 1080. Gold and oil charged higher on Friday, with gold closing above $1255/ounce! Here are the closed [...]
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. [...]
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 [...]
Nasdaq Makes New Yearly High! AAPL, FFIV, SNDK, NFLX, CMG, ICE, CME, WYNN, LVS, COF, AXP, AMZN, MSFT
April 22, 2010 – 4:47 pm
The market opened lower today. The dollar jumped on more worries on Greece and the commodity sectors were weak. However, jobless claims numbers fell and housing sales jumped. The market soon staged a dramatic upswing. Techs led the way. AAPL reached a new all-time high at $266.75, passing MSFT as the second largest company on [...]
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