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Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, MOO, CLF, WLT, X, MEE, POT, CF, TRA, MOS, AGU

Tags: POT, GLD, XLF, XME, MOS, X, CF, AGU, TRA, MOO, CLF, MEE, UUP, WLT
15 Mar 3:57am
Posted by wangshappytrading
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Last weekend, in my Market Forecast, I wrote: "For the new week, both SPX and Nasdaq are showing a new bullish formation in their respective daily MAs.  Nasdaq is basically at the resistance set back in January, 2325.  SPX’s next resistance is at 1150.  Above these resistance level, the market could break out to a new leg higher.  We many see a Monday follow-through rally for the US market.  But, the market has gone quite far, so it may need a breather throu...
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3/12/10 Weekly Wrap POT, GOOG, RIMM

Tags: POT, GOOG, RIMM
13 Mar 11:42pm
Posted by wangshappytrading
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The market had another strong week.  Financials and techs kept the market higher.  Nasdaq continued to plow higher and SPX closed right at 1150; well, 1149.99!  We also had a great week, with 100% of the closed trades in the GR$$N  We closed out a +87% winner on RIMM early in the week and scored a +205% gain on GOOG.  To top it off, POT got a nice pop on Friday as it raised its profit outlook.  We locked in some profits on POT with just 2 days into the trade, for ...
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Financials Help S&P 500 To New High! SPX, Nasdaq, GS, C, PNC, STI, V, MA, RIMM, GOOG, AMZN, AAPL, FSLR, STP, TSL

Tags: GS, GOOG, AAPL, RIMM, MA, FSLR, AMZN, C, TSL, STP, V, STI, PNC
12 Mar 5:14am
Posted by wangshappytrading
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Financials stayed strong today and helped to push S&P 500 to a new 17-month closing high!  In my Market Forecast this weekend, I said, "… the market has gone quite far, so it may need a breather through the mid-week.  If the market can hold its altitude while letting off some steam, we could see the market push higher by the end of the week."  Sure enough, the market treaded water for a few days, and, in the last trading hour today, it pushed higher.  GS...
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Gates Dethroned As The World’s Richest

Tags: MT, MSFT, WMT, AMX
11 Mar 1:31am
Posted by wangshappytrading
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Well, the report card just came out, and, Microsoft’s Bill Gates is no longer sitting on top!  According to Forbes 2010 list of the World’s Billionaires, Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person in the world.  After dominating the list 14 times out of the last 15 years, Gates was slightly edged out by Slim.  Well, that "slight" amount was $500 million!!  I’m sure Mr. Ga...
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Market Takes Time To Breathe: SPX, Nasdaq, GS, MA, V, AIG, C, FNM, FRE, AAPL, BIDU, ITMN, FACT, CSCO

Tags: GS, AAPL, BIDU, CSCO, MA, C, FRE, V, FNM, AIG, ITMN, FACT
10 Mar 1:34am
Posted by wangshappytrading
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This weekend, in my Market Forecast, I said, "…the market has gone quite far, so it may need a breather through the mid-week."  This is what the market is doing right now, basically trading sideways.  Still, there are pockets of new breakouts.  Financials continued to be strong with GS briefly topping over $172 per share, before seeing profit-taking.  MA and V have broken out during the past 3 trading sessions, with MA gaining about $20 since Friday open.&nb...
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