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Encouraging Words From Fed Keep The Market Afloat: SPX, Nasdaq, BIDU, NTES, SOHU, SNDA, SINA

Tags: BIDU, SOHU, SINA, SNDA, NTES
25 Jun 3:41am
Posted by wangshappytrading
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Stocks hopped out of the gate this morning, cheering better-than-expected report on durable goods.  But, just before the Fed announced its decision on rates, the market became unstable.  The Fed kept rates unchanged, between 0 and 0.25, and said that inflation is contained.  As usually, the market was very volatile immediately after the Fed’s statements were released.  In the end, most sectors were able to retain some gains. Chinese internet stocks were very stro...
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Bounce In Commodities Keeps The Market Flat!

Tags: gold, POT, AAPL, FCX, MOS, ORCL, JOYG, CNX, MEE
24 Jun 1:20am
Posted by wangshappytrading
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After another big drop on Monday, the market wobbled around the flatline today.  Commodity sectors saw good bounces as the dollar sank again.  Fertilizers and miners kept the market up:  POT +5.51%, MOS +3.74%, GOLD +4.53%, MEE +5.56%, CNX +4.6%, FCX +4.43%, JOYG +6.83%.  Financials stocks also enjoyed mild strength.  Techs were a little weaker with AAPL falling $3.36. In the evening, ORCL shares climbed +2.67% higher after reporting a better-than-expected quarter...
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Market Dives To Open The Week! SPX, Nasdaq, APA, DVN, HES, RTP, X, FCX, ATI, BIDU, GOOG, RIMM

Tags: GOOG, ATI, RIMM, FCX, BIDU, HES, X, RTP, DVN, APA
23 Jun 12:32am
Posted by wangshappytrading
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Right at the open, the market was hit with disappointing news from the World Bank that the global economy may be weaker than it had previously predicted.  Within the first 1/2 hour, the Dow stumbled more than 100 points!  Commodity sectors continued to slump.  Energy and miner stocks were very weak:  APA -5.76%, DVN -5.58%, HES -5.17%, RTP -5.9%, X -9.18%, FCX -11.29%, ATI -12.07%.  On the tech side, GOOG was down $12.74; BIDU lost $19.58; and, RIMM fell $4.67. Th...
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Market Forcast + Sector Watch: SPX, Nasdaq, XLF, XLE, BTK, XME

Tags: GS, ATI, FCX, BTK, XLF, XME, X, XLE, BAC
22 Jun 4:44am
Posted by wangshappytrading
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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 really needs to be some external forces to push the market one way or the other…  We do have to be careful with the possibility of the market simply being stuck in a tight ...
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Forecasting Earnings Reports: RIMM

Tags: AAPL, RIMM
19 Jun 4:35am
Posted by wangshappytrading
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The big news after the market today was RIMM’s earnings report.  It has been much anticipated and discussed throughout the week.  RIMM has dropped for 5 days continuously, from above $85 to now $76.  This afternoon, RIMM reported a decent quarter, earning $564.4 million, or 98 cents per share, above the average estimate of 94 cents.  The company also added 3.8 million net subscribers during the quarter.  Its forecast came in a little below what the anal...
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