Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position. If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher. The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150. Although VIX closed below [...]
Category Archives: XLE
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XLF, XME
October 25, 2009 – 8:18 pm
Last weekend, in my Market Forecast, I said, "For the new week, we could see some major advancements in the market by the week’s end. The important thing is for the market to keep above SPX 1080 and Nasdaq 2150, while letting off some steam. Techs will see a lot of important earnings: AAPL (Monday), [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, SOXX
August 30, 2009 – 7:47 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, with SPX already at its daily upper BB, the market looks to be ready to push higher. But, since we’ve had 3 consecutive strong days already, Monday may be a bit choppy, as the market may need to let off some steam; and, there [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, INX2
August 23, 2009 – 7:36 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, after trying hard, but unsuccessfully, to break away from the recent resistance levels (SPX 1000; Nasdaq 2000), the market technicals are showing slight weakness. The MACD on both SPX and Nasdaq have turned lower. Nasdaq closed below its 10-day MA. SPX closed right at [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, XME, XLE
August 9, 2009 – 8:01 pm
Last weekend, in my Market Forecast, I said, "For the new week, I think there is still a lot of sidelined money looking to come in the market. There is a possibility that we see a quick pullback, just to make some room for the technicals. The dollar took a big drop on Friday, which [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, XLF, XME, XLE, PBW
July 19, 2009 – 6:53 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks very vulnerable. The market would have to overcome a lot of downside pressure to push higher. Goldman Sach’s (GS) earnings on Tuesday morning could decide the market’s near-term fate." Indeed, GS earings turned out to a dominant force. On Monday, [...]
Market Forcast + Sector Watch: SPX, Nasdaq, XLF, XLE, BTK, XME
June 21, 2009 – 8:44 pm
Last weekend, in my Market Forecast, I wrote: "If the indices close below the 10-day MAs, it could draw more profit-taking. As mentioned before, VIX is trying hard to keep the support at 28. But, it is still below 30; so, there is still not a lot of selling pressure, at least not yet! There [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, SOXX
June 14, 2009 – 9:30 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, many sectors are starting to look toppy. But, the financials still have not really broken out. XLF is still unable to break above $13. The market might start out the week slowly. We could see some more profit-taking in the techs and the [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, XLF, XLE, PBW
June 7, 2009 – 9:24 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I wrote: "For the new week, the market looks strong and ready to break higher. SPX should look to push above 950, although it may see some resistance around that level. Nasdaq can easily punch through 1800, above which [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, MOO
May 10, 2009 – 8:53 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, the "stress test" results on banks will likely be a mover for the market. Meanwhile, much attention seems to be shifting towards energy sectors. Techs are still healthy and Nasdaq should push to perhaps test 1800. For SPX, 900 is the next resistance." Indeed, the [...]
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