Category Archive for ‘European Union (EU)’

IMF Lowers Global Growth, Bears Bite

12:35pm (EST) The market is treading water today following comments from the International Monetary Fund (IMF) after they cut their forecasts for global growth and warned of a world-wide slowdown.  More importantly, they believe France, Spain, Greece and several other Eurozone countries won’t meet their budget-deficit targets they have agreedRead more

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Germany Approves ESM

9:00am (EST) The bulls evened the score on Tuesday as they were able to hold on for the win following a strong start.  The indexes came off their highs as nervousness set in ahead of this morning’s key vote in Germany and the impending Fed news on QE3 but hitRead more

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Bulls Looking to Keep Momentum

9:00am (EST) “We factored in a possible 1%-2% move for the market on Friday based on what Bernanke did or didn’t say and at one-point the indexes were up nearly 1.5%.  There was plenty of volatility at the open and once the fireworks began but the trend was higher afterRead more

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Bulls Riding Crazy Train

9:00am (EST) All Aboard!!! Ha, ha, ha…. We played a classic at the office headquarters this morning to get our day started and there was no introduction needed after the bulls pushed new multi-year and decade highs yesterday.  Mario Draghi and the European Central Bank (ECB) said exactly what theRead more

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All Eyes on Europe

9:00am (EST) “The market has another week of August before September rolls around and it is usually the most bearish month of the year according to the history books.  August also has some bearishness to it but so far the market is up for the month.  Last week’s charts forRead more

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Europe on the Brink

12:35pm (EST) All talk and no action from Mario Draghi leads to a bearish day. We are going to enjoy today’s selloff and we will provide you specifics of what went wrong in Europe tomorrow morning.  We will let the talking heads and Wall Street pros speculate on when orRead more

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Bulls and Bears Split

9:00am (EST) The market ended slightly mixed on Wednesday as rumors of the Federal Reserve acting sooner, rather than later, continue to make the rounds.  There was an article floating around late Tuesday that the Fed could take action as early as next week which helped provide some of theRead more

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Bulls, Bears and Zombies All Along the Watchtower

12:25pm (EST) There must be some kind of way out of here, Said the joker to the thief There’s too much confusion I can’t get no relief. Businessman they drink my wine, Plowman dig my earth None will level on the line, nobody offered his word, hey!   These lyricsRead more

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Bulls Looking to Extend Rally

9:00am (EST) “This week will be an important test for the bulls and next week will be even bigger.  The bulls will be looking for a Bernanke bailout but he will not be speaking until Thursday.  The FOMC meeting is the following week so he will need to say somethingRead more

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Bulls Push Resistance on Strong Rally

1:30pm (EST) We have been expecting a test to resistance and we said we could have a huge snap-back rally or dead cat bounce this week.  Well, here it is and it is happening before the release of the Fed’s Beige Book (at 2pm). The bulls have been known toRead more

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