9:00am (EST) The bulls tried to regain some momentum to start the week but after an opening pop the indexes dropped to close in negative territory on Monday. It was the third-straight session of mixed to lower action but the bulls rebounded on Tuesday to push resistance. Wednesday was a
Bulls Banking on Financial Sector
Bulls, Bears & Bubbles
1:15pm (EST) The chatter of a bubble, a top, frothy, overextended and the market has peaked reached new heights yesterday as the talking heads interviewed a lot of bears. Major financial publications have warned of a market correction in recent weeks saying THE top is in but all of them
Money Moving In on Monday’s, McDonald’s (MCD) Misses
1:10pm (EST After a slow start, the bulls are trying to make another push higher and if current levels hold, it will be the fourth-straight up Monday and another set of all-time highs. The blue-chips are showing some strength despite the earnings miss by McDonald’s (MCD, $97.67, down $2.60) this
Bulls Having Trouble with May Intraday Highs
9:00am(EST) The market was choppy for much of Monday’s first half of trading but picked up steam during the second half as the bulls continue to push new highs. The third-straight up Monday continues to show money is coming into the market as Wall Street pros and hedge fund managers
Flat Action Ahead of Bernanke/ New Trade!!!
12:00pm (EST) Futures were pointing towards a slightly higher open throughout the night after China’s GDP (Gross Domestic Product) met expectations after coming in at 7.5%. It remains to be seen if this is their “real” number but all signs are pointing towards a slowing China in the coming months
Bulls Take a Breather
1:15pm (EST) The major indexes have traded in a tight range following yesterday’s push to new all-time highs. There are a number of factors in play that are balancing things out as the Financials are showing a little strength while the Transports have taken a hit. JPMorgan Chase (JPM, $55.30,
JPMorgan Chase (JPM), Wells Fargo (WFC) on Deck/ New Trade/ Profit Alert (QQQ)!
12:45pm (EST) After a slow start, the bulls have continued their journey to new highs despite multiple downgrades on Microsoft (MSFT, $x28.79, down $1.50) that had dragged on Tech. Financial stocks are trading slightly higher as the Financial Select Spiders (XLF, $18.60, up $0.10) continue their assault on $20. Two
Market Slips a Smidge
9:00am(EST) The market traded lower on Monday ahead of this week’s big events as the bears tried to find an opening to slow down the bulls momentum. Much of the action stayed south of the boarder and the few attempts to turn green were brushed back, including the one in
Bulls Looking to End January Strong/ New Trade Alert!
9:00am (EST) “The market was flat on Friday with a little weakness to the downside heading into the second half of trading. This was normal behavior following the pop past resistance but there was a big development midday that gave the bulls a second wind. There are reports the Red
Market Flat Heading into Second Half/ New Trade!!!
1:10pm (EST) The bulls got off to a good start this morning as they tried to extend their gains for a second-straight session but the bears have evened things up as we turn the corner. MSC Industrial Direct (MSM, $73.66, down $3.34) is taking a 4% hit after announcing earnings