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Category Archives: X

Market Forecast + Sector Watch: SPX, Nasdaq, XME, GLD, USO, MOO, AGU, POT, MOS, CF, GOLD, NEM, ABX, CLF, X, WLT, FCX

Last weekend, in my Market Forecast, I wrote, "For the new week, the technicals are still carrying a bias to the downside.  The M&A activities and the speculations for them are offsetting the inconsistency in the latest economic reports.  The M&A activities are bringing buyers into some sectors.  However, the industrials have been weak on [...]

Market Bounces on Latest Economic Data and M&A Activity: SPX, Nasdaq, POT, BHP, CF, MOS, AGU, AMZN, WYNN, WLT, CLF, X, FCX

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 Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X

As further economic data showed slowing in the global economy, the US stock market took a sharp fall today.  Miners led the market lower:  WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%.  Market leaders such as GS and AAPL also took big falls.  GS dropped 3.02%, closing below $150.  AAPL lost 3.55%, [...]

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

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

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, OIH, GLD, XME, INX2, RIG, BP, SLB, HAL, DO, NOV, X, JOYG, BUCY, AMZN, GOOG, PCLN

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is definitely struggling to bounce from May’s slump.  However, Europe’s financial problems may be worse than that of the US, as China’s Premier warned of a possible double-dip in the global economy’s attempt to recover.  Charts are certainly showing the same [...]

Dow Closes Below 10,000! SPX, Nasdaq, GOOG, BIDU, AMZN, AAPL, GS, X, SHLD, APOL, ESI

It was another volatile day on the market, to say the least.  The market seemed fairly strong in the morning, with SPX testing the 1090 level.  Tech leaders GOOG, BIDU, AMZN, and AAPL were all in the green.  GOOG was up almost $13 at one point, and AAPL went above $252 intraday!  But, once again [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]