The market settled in a sea of red on Thursday following disappointing economic news and the continued fallout over negotiations on another coronavirus stimulus package. The losses held near-term and key support levels with the bulls needing a bounce back on Friday to avoid their 3rd-straight weekly loss. The Dow
Bears Return to Push Prior Trading Ranges
S&P 500 Triggers Fresh All-Time High/ New Trade/ Profit Alert (IR)!!!
12:35pm (EST) Special Notice: If you haven’t logged into our Members Area to look at the charts from the weekend, please do so as it will really help you as a trader. We gave a detailed outlook on the near-term and long-term outlook for 2014 and these targets will help
Uh Oh, Bulls Could Drop 2-in-a-Row/ Profit Alert!!!
1:15pm (EST) The bulls needed a goldilocks Nonfarm Payrolls number this morning to break through resistance while the bears needed a number north of 200,000. Wall Street was shocked the monthly report showed Nonfarm jobs rose 74,000 versus expectations for 197,000. The unemployment rate fell to 6.7% versus a forecast
Futures Spike on Nonfarm Payrolls Report
9:00am (EST) The market ended flat on Thursday in a choppy session that looked bullish and bearish at times. Wall Street seemed hesitant to place big bets ahead of this morning’s Nonfarm Payroll report that should get the ball rolling or the ship sinking as far as direction.
Fed Does a Tap Dance, Market Surges to Record Highs
9:00am (EST) We mentioned Big Ben could be the wild card in the Fed’s final decision to taper or not to taper and Bernanke did what most on Wall Street figured he wouldn’t do. He slowed down the printing presses as the Fed cut back on its monthly bond purchases
Bulls Get a Gift
12:05pm (EST) It is always the darkest before dawn and when we hit the rack last night after finishing the Weekly Wrap, it appeared the bears would continue their assault on the bulls. Futures were down big-time following weak economic data out of China last night as their PMI (Purchasing
Market Up Ahead of Fed Speak
1:00pm (EST) The bulls are making a slight push to higher ground following Friday’s monster gains as we head into the second half of trading but volatility could return based on what the Fed Heads say. There are four speeches scheduled for today by the Fed Heads with one of
Blue-Chips Lower on Another Mixed Monday/ Profit Alert!!!
11:50am (EST) Shoppers were out on Black Friday as the National Retail Federation reported total spending for the holiday period (Thursday through Sunday) came in at $57.4 billion. Despite the public debate against retailers opening on Thanksgiving Day, 45 million shoppers went out looking for gifts, a 27% increase from
Bulls Get 2-Straight Monday Win
9:00am(EST) The bulls got their second Monday win albeit by the slimmest of margins to keep the current uptrend intact. Economic news will be light this week and while earnings are still carrying on, most of the major companies have already checked-in with Wall Street. The Fed zombies will be
Terrific Tuesday’s Returns
9:00am (EST) The bulls returned to form on Tuesday following Monday’s mixed session as they continued their push towards 52-week, decades and all-time highs. The slick talking pros and hedge fund gurus that have trailed the market all year are still calling for a pullback but the bears aren’t listening.