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Category Archives: XLF

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

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.  [...]

By HappyTrading | Also posted in ABX, APA, APC, BLK, GLD, GS, HES, MA, NEM, NOV, XLE, XME, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, MOO, GS, AMZN, PCLN, GOOG, CLF, WLT, FCX, ANR, MEE, POT, MOS, AGU, CF

September 6, 2010 – 8:56 pm

Last weekend, in my Market Forecast, I forecasted, "For the new week, we’ll look to see if we can continue to get improved economic data, especially the consumer confidence and Chicago PMI on Tuesday to perhaps set the tone.  On Friday, we’ll get the latest payroll numbers and unemployment rate.  VIX actually closed lower last [...]

By HappyTrading | Also posted in AGU, AMZN, ANR, CF, CLF, FCX, GOOG, GS, INX2, MEE, MOO, MOS, PCLN, POT, WLT, XME | Comments (0)

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." [...]

By HappyTrading | Also posted in ACI, AGU, AIG, ANR, BAC, BTU, CF, GLD, GS, JPM, MEE, MOO, MOS, POT, WFC, WLT, XLE, XME | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU

July 25, 2010 – 7:35 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in…  The market is barely being supported by its daily MAs.  A quick dip could send it to test SPX 1040 again.  It’ll be up to the earnings again.  Monday and Tuesday could induce big [...]

By HappyTrading | Also posted in AEM, AKAM, AMGN, BP, BRCM, CLF, CME, CNX, FSLR, GLW, INTC, MOT, NOV, PBW, POT, QCOM, SMH, SOHU, SOXX, V, WLP, XME | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX

July 18, 2010 – 6:07 pm

Last weekend, I forecasted: "For the new week, it will be about the earnings.  If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally.  Otherwise, the market could turn down to test the recent lows again.  On Monday, we’ll hear from AA and CSX after the [...]

By HappyTrading | Also posted in AAPL, AMZN, FCX, GS, IBM, INX2, NFLX, OIH, QCOM, SBUX, SNDK, TXN, WFC, XME, YHOO | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, OIH, XLF, FSLR, TSL, YGE, GS, MA, V, DO, RIG, SLB, RIG, APC

July 5, 2010 – 9:42 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, this week is still range-bound with a bearish bias.  The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again.  However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s [...]

By HappyTrading | Also posted in APC, DO, FSLR, GLD, GS, MA, OIH, RIG, SLB, TSL, USO, V, YGE | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, XLF, GLD, USO, XME, OIH, XLF, GS, CME, ICE, BP, GOLD, NEM, ABX

June 27, 2010 – 9:10 pm

Last weekend, in my Market Forecast, I said: "For the new week, the market looks to be on its way to break higher.  The daily upper BBs have opened up; the 10-day MAs are crossing above the 20-day MAs.  In addition, the 30-day MAs are trying to turn up.  These are all bullish signals.  This weekend, China [...]

By HappyTrading | Also posted in ABX, BP, CME, GLD, GS, ICE, NEM, OIH, USO, XME, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH, XLF, GLD, XME, OIH, GS, NEM, ABX, GOLD, CLF, BHP, BP, APC, RIG, AAPL

June 13, 2010 – 7:20 pm

Last weekend, in my Market Forecast, I said: "For the new week, with both SPX and DJI ending below major support levels (SPX 1080 and DJI 10,000), the market can see additional selling pressure.  Energy sectors still look weak, with oil spill in the Gulf looking to extend into the fall, although the containment cap [...]

By HappyTrading | Also posted in AAPL, ABX, APC, BHP, BP, CLF, GLD, GS, NEM, OIH, RIG, XME, gold | Comments (0)

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 [...]

By HappyTrading | Also posted in ACI, BRCM, BTU, CLF, GLD, GS, PCX, SOXX, WLT, XME | Comments (0)

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 [...]

By HappyTrading | Also posted in ABX, APA, AXP, BTK, GLD, HES, MA, NEM, OIH, OXY, V, XLE, gold | Comments (0)