12:35pm (EST) We talked about the two levels of resistance the bulls faced coming into the week and yesterday’s test to the first level was a given. We have said the test to upper resistance would be harder to clear due to the lack of catalysts and this morning weRead more
Bears Bite Back, Arena Pharmaceuticals (ARNA) Moving Higher
Bears Show Teeth, Bulls Bite Back
Bulls Pushing, Bears Pulling
12:40pm (EST) The market is slightly positive heading into the second half of trading as jobless claims remained flat which was “good news” as many were expecting worse numbers. News from overseas has been “positive” following the takeover of Spain’s third largest bank by its government which has helped itsRead more
Bulls Walking on Thin Ice
Wall Street, Seattle Genetics (SGEN) Pop, Then Drop
12:55pm (EST) The market is getting a lift today as the bulls push resistance following a 4-week losing streak but the major indexes are off their highs. There hasn’t been any major headline news, negative that is, and economic gibberish doesn’t hit the tape until Tuesday which has given theRead more
Seattle Genetics (SGEN) Update
1:15pm (EST) We wanted to give a quick update on Seattle Genetics (SGEN, $20.33, HALTED) as we have just learned the FDA committee has voted 10-0 in favor of one of its two drugs with another meeting scheduled this afternoon to review the other. So far, so good… ]]>
Seattle Genetics (SGEN) Halted; Google (GOOG) Earnings Due
Second Half of 2011: Volatility
9:00am (EST) The bulls made it 4 in-a-row on Thursday by ending June with a bang and their drive for five is looking pretty good as futures are up this morning. Yesterday’s gains were a combination of positive Greece news, window dressing, and a continued bounce off the 200-day moving averages. ThrowRead more