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Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, BTK

Tags: Uncategorized
8 Feb 5:14am
Posted by wangshappytrading
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Last weekend, in my Market Forecast, I wrote: "For the new week, it looks like the market is entering into a bearish phase.  Although a bearish formation is not established in its daily MAs yet, the sentiment on the market is very bearish.  There is a slew of new economic data coming in next week, starting with personal spending and construction spending on Monday, and ending with the latest unemployment report on Friday.  Notable earnings include XOM on Monday, BP on ...
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A Wild Market Week

Tags: RIMM, MMR
7 Feb 1:30am
Posted by wangshappytrading
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That was quite the rollercoaster ride this week!  Something for everyone…bulls and bears.  Feasting on the run that started the week, bulls pulled in their horns in advance of Friday’s job report, and while today ended nearly flat that certainly wasn’t the case.  A loss of 20K jobs and some very heavy margin selling took the indices down a dark path early, and only some short-covering managed to swing the indices higher.  For the week, the S...
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Market Awaits Latest Jobs Data: SPX, Nasdaq, BIDU, GOOG, RIMM, AAPL, CSCO, V, MA, BRCM

Tags: GOOG, AAPL, RIMM, BIDU, CSCO, MA, BRCM, V
4 Feb 5:25am
Posted by wangshappytrading
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Yesterday, in my evening article, I said, "After 2 days of bouncing, the market may need a bit of rest tomorrow before some important earnings reports…"  Indeed, we saw some profit-taking today.  Commodity sectors were mostly weak.  BIDU jumped another $23.6, or +5.54% to close just a tad under $450, as Goldman Sachs raised its price target to $550 from $500.  GOOG, after falling for $100 from its recent high of $629.51, finally had a little bounce today, up...
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Housing And Biotech Stocks Rally: SPX, Nasdaq, DHI, MDC, TOL, PHM, CELG, GENZ, OSIP, CEPH, XNPT, CTRP, SOLR, NETL, CSCO, V, BRCM, YUM

Tags: GENZ, NETL, CELG, CTRP, CSCO, BRCM, CEPH, OSIP, V, TOL, PHM, DHI, MDC, XNPT, SOLR, YUM
3 Feb 5:42am
Posted by wangshappytrading
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This morning, pending home sales numbers came in better than expected.  In addition, DHI reported its first profittable quarter in 3 years!  Housing stocks were very strong:  DHI +10.92%, MDC +7.73%, TOL +3.59%, PHM +7.48%.  Biotechs also had a good day with the BTK breaking above 1000, yet another all-time high:  CELG +1.39%, GENZ +2.71%, OSIP +4.38%, CEPH +3.06%, XNPT +8.05%. After the market, CTRP missed its earnings estimate and saw its stock drop more than 5%.&nbs...
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Energy Stocks Lead The Market In Bounce: SPX, Nasdaq, XOM, RIG, DO, APA, WLT, HES, AMZN, BIDU, BP

Tags: XOM, BIDU, HES, AMZN, DO, RIG, APA, WLT, BP
2 Feb 5:11am
Posted by wangshappytrading
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This morning, in addition to encouraging manufacturing and personal spending data, XOM reported better-than-expected earnings.  As discussed in my Market Forecast last night, the market was ready for a bounce.  Energy stocks led the market higher:  XOM +2.72%, RIG +3.07%, DO +3.67%, APA +3.68%, WLT +4.74%, UPL +4.98%. AMZN shares fell more than 5% as it gave in to pressure from publisher Macmillan to raise ebook prices.  AMZN traded as low as $113.82 before bouncing to clos...
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