Browse Blog Posts by Tags

In my Market Forecast for this week, I mentioned, " SPX 1120 could provide some initial support, but, below SPX 1120, the market could test SPX 1080 ." On Tuesday, in our Trading Room , I said, May 18, 2010 12:13 PM VIX should at least test 40 on this run... From Monday through Wednesday, SPX...

The market opened higher this morning, but, immediately started to slide. Euro was also higher this morning, and it too, slipped from the open. As the Euro went lower and lower, so did the market. If you have been reading my articles, you would know that I have been more and more bearish about the market...

Stocks jumped higher today led by the financials. This morning, JPM reported strong earnings, easily beat the analysts' estimates, making 74 cents per share vs. a consensus of 64 cents per share . Financials rallied immediately at open: JPM +4.05%, GS +3.16%, BAC +3.91%, WFC +3.51%. FAS (3x Financial...

Last weekend, in my Market Forecast , I wrote: " For the new week, we should see strength in the market early in the week. Friday's jobs report actually paints a very good scenario for the stock market. While jobs were added, the unemployment rate was left unchanged. This should help to keep...

Last weekend, in my Market Forecast , I wrote, " For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate. With the MACD turning lower, we could see another couple of days of profit-taking in various sectors. It will be important for...

Last weekend, in my Market Forecast , I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week. If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week. On the other hand, if the market pushes...

Last weekend, in my Market Forecast , I said: " For the new week, we have the FOMC meeting on Wednesday. It'll be interesting to see how the dollar/gold trade goes ahead of the meeting. The Fed had already indicated that it will keep the interest rates low for a while. Since the dollar has bounced...

Last weekend, in my Market Forecast , I wrote: " Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market. VIX jumped to test 26 on Friday and closed just below 25. However, SPX's daily MAs have just developed into a new bullish formation...