The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB. Once there, the market should be able to sail higher. The immediate resistances are still SPX 1200 and Nasdaq 2300. [...]
Category Archives: XLE
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK
September 19, 2010 – 7:05 pm
Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, OIH, INX2, RIG, DO, NOV, APC, BP, AMZN, PCLN, AAPL, GOOG, HPQ, MFE, ARST, FCX, APA, OXY, HES
September 12, 2010 – 7:00 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, the market may need a bit of consolidation. Both SPX and Nasdaq are showing bullish crossovers in their respective MACDs. VIX closed below 22, a level which had been a solid support since May. Wednesday has some economic data that may help to [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG
August 8, 2010 – 8:11 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data. For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase. To break higher, SPX will have to break above 1120. For Nasdaq, the resistance is at 2300." [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM
July 11, 2010 – 8:47 pm
Last weekend, in my Market Forecast, I said: "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels should be the first resistances. We could see some volatile trading to start the week. If the market cannot break SPX 1040, [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP
May 16, 2010 – 8:06 pm
Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside. We can see that the daily MAs in both SPX and Nasdaq are curving down. On Monday, we may see an attempt to bounce; others may call it a relief rally. First resistances will be SPX 1130 [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLE, XME, ACI, PCX, ANR, BTU, WLT, CLF, APA, OXY, HES, UPL, DVN, BHI, SLB, NOV
April 25, 2010 – 6:52 pm
Last weekend, in my Market Forecast, I said: "For the new week, things get a bit tricky. While earnings are still expected to be strong, the anxiety over possible financial reforms can cast a shadow on the market, especially over the financial sector… I think we’ll see some follow-through weakness on Monday. In general, I’d [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, XLE, FXI, APA, HES, UPL, CEO, PTR, SNP, LFC, FMCN, BIDU
March 28, 2010 – 7:38 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the passage of the historic health bill may inspire more profit-taking, as now, there are more uncertainties. Besides what affect the new health legislation will have on the health care and insurance industry, some analysts are also paying more attention to the on-going discussions on financial [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, PBW, OIH, XLE, STP, FSLR, YGE, TSL, SPWRA
March 21, 2010 – 7:55 pm
Last weekend, in my Market Forecast, I said: "For the new week, although market indices still look strong, this rally is extended. Many tech and financial leaders could use a breather. On Tuesday, we have the FOMC meeting. The market may act undecidedly ahead of the meeting. If the market slips ahead of Fed’s rate decisions but [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, XLE, MA, V, ICE, CME, STT, PNC, BLK
December 27, 2009 – 9:27 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, we’ll pay attention to the GDP and retail reports on Tuesday. Nasdaq looks really strong. Its daily upper BB has opened up. Normally, I’d say that Nasdaq is setting up for a breakout. But, with this "undecided" market environment, we’ll have to wait [...]
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 [...]
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