Last weekend, in my Market Forecast, I wrote:
"For the new week, although SPX did climb back above 1580, we’ll have to see if the market can continue on its bullish trend. It seems to be testing 1580 right now. On Wednesday, weR...
Wow, the markets had a big day on Friday! SPX popped above 1600, for the first time ever, and almost hit 1620 intraday, and closed at 1614.42. The Dow tested 15,000, but, couldn’t hold and closed just below. Nasdaq had a strong bre...
The market has been up every month since the beginning of this year! Every time the market pulled back, big buyer came in and drove the market even higher! This month was no exception. Two weeks ago, stocks took a breather and experience...
What a nice week we’ve had! We traded mostly on the upside as the market bounced. But, we also caught a couple nice trades on the downside as the market consolidate towards the end of the week. 100% of our closed trades were in the...
After a 3-day rally that started on Friday last week, the markets took a breather today. There were big earnings moves and some rotation seems to be happening. This morning, AMGN tumbled almost 7% after missing its earnings estimates. Bi...
It was another volatile week. But, stocks finally pulled back. Last weekend, in my Market Forecast, I wrote:
"For the new week, earnings will kick into full force…. After more than 3 months of gains, investors will look for "fundam...
The market finally got a pullback. Last weekend, I said, "From up here (close to SPX 1600), even if the broader market pulls back 40 to 50 SPX points, the market will still be healthily bullish!" Sure enough, the market came down 40 to 5...
It’s been a few very volatile days: a sharp drop on Monday; a vigorous bounce on Tuesday; then, a quick fall back to Monday’s low in the morning today! For now, the sentiment has shifted. Last week’s strong dip-buyin...
Last weekend, in my Market Forecast, I wrote:
"For the new week, the market starts from a "neutral" position. You might be thinking, "How can it be ‘neutral’? Especially after Friday’s nasty open!" Well, the Nasdaq is...
Stocks had another amazing week. A non-stop rally that started on Monday took SPX to its new, all-time, record high, hitting 1597.35! Biotechs continued to soar. BIIB, AMGN, GILD, and REGN were just a few that made new all-time highs ...
