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Category Archives: XME

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK

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.  [...]

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

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, XLF, XME, INX2, MOO, GS, AMZN, PCLN, GOOG, CLF, WLT, FCX, ANR, MEE, POT, MOS, AGU, CF

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 [...]

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 Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, INX2, XME, POT, MOS, AGU, CF, PCLN, MFE, GOOG, NEM, ABX, GOLD

Last weekend, in my Market Forecast, I forecasted, "For the new week, the latest development in the charts are certainly not bullish.  However, it may not necessarily dictate a breakdown.  If SPX 1080 does not hold, the next support is 1060, set back in mid-July.  The market could still be range-bound, and, is very mixed." As [...]

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

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." [...]

Market Forecast + Sector Watch: SPX, Nasdaq, USO, XME, INX2, MOO, POT, CF, AGU, MOS, MELI, AOL, CLF, WLT, BHP, FCX

Last weekend, in my Market Forecast, I said, "VIX has sank back below 24, which could signal the intention to rally.  We’ll have to see if the market can continue to push higher and stay above SPX 1100.  If SPX 1100 is cleared, SPX should retest the 1120 level.  Miners went up quite a bit [...]

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

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 [...]

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

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 [...]

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

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 [...]