Category Archive for ‘Financial Stocks’

December 17, 2012

Crucial Week for Both Bulls and Bears

by Rick Rouse / Posted in Financial Stocks, Apple, Market Commentary, Daily Update, Market Analysis

9:00am (EST) “The bulls have momentum but a final resolution on the Fiscal Cliff could get stretched until the last minute of 2012. We have said we would like to see a deal get done by December 21st and that means the zombies will be working overtime. The December holidayRead more

October 15, 2012

Market Up on a Monday

by Rick Rouse / Posted in Daily Update, Earnings, Market Analysis, Financial Stocks

1:05pm (EST) We said the bulls needed to get off to a good start today and for the most part, they have. The indexes are at their highs as we prepare our update but the bears have also had their fingers in the pie as the market has traded onRead more

October 15, 2012

Bulls Need a Strong Start to the Week

by Rick Rouse / Posted in Daily Update, Market Analysis, Strategies, Financial Stocks, Market Commentary

9:00am (EST) “The first clue we were looking for last week was the close on Monday. The bears had won 3-straight Friday/ Monday’s but that streak was snapped as the Dow and S&P 500 were up 0.5%, on average, Monday. This past Friday was negative but the blue-chips were upRead more

September 21, 2012

Bears on Track for Weekly Win

by Rick Rouse / Posted in Daily Update, Market Analysis, VIX, Financial Stocks, Market Commentary

9:00am (EST) The market had another mixed session that ended pretty much the same way as the day before as the blue-chips managed a small gain while Tech and the Financial stocks held back the other indexes. The Dow gained 19 points, or 0.1%, to settle close at 13,596.93. TheRead more

September 5, 2012

FedEx (FDX) Slips on Lowered Outlook

by Rick Rouse / Posted in Sectors, Market Analysis, Economic News, Financial Stocks, Market Commentary, Daily Update

1:05pm (EST) Shares of FedEx (FDX, $86.49, down $1.05) are trading lower today after the company warned after the bell on Tuesday that if would miss current estimates for the upcoming quarter. FedEx now expects to post a profit of $1.37-$1.43 versus its earlier forecast for $$1.45-$1.60 a share. WallRead more

July 12, 2012

JPMorgan (JPM), Wells Fargo (WFC) On Deck

by Rick Rouse / Posted in Earnings, Market Analysis, Economic News, Financial Stocks, Daily Update

12:55pm (EST) Futures were down when we started researching the overseas news last night and got progressively worse before the European markets opened. The overnight action was a good clue there would be more downside momentum although economic news at home came in better-than-expected. Initial Claims came in at 350,000Read more

June 28, 2012

Market Pulls Back

by Rick Rouse / Posted in Daily Update, Economic News, Financial Stocks, Market Commentary

2:10pm (EST) We have been warning of a possible selloff or a test to new lows and today’s action could be the start of something more serious. Futures were slightly higher when the overseas markets opened but took a turn for the worse once Germany reported higher unemployment numbers. TheRead more

June 11, 2012

Bulls Looking to Extend Rally

by Rick Rouse / Posted in Market Commentary, European Union (EU), Daily Update, Market Analysis, Financial Stocks

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

April 17, 2012

Goldman Sachs (GS), Financials Lead Market Higher

by Rick Rouse / Posted in Market Analysis, Financial Stocks, Option Trades, Daily Update, Earnings

1:00pm (EST) The market got a huge pop at the open as the Dow tripped 13,000 on better-than-expected earnings from a couple of blue-chippers and the rally has strengthed as we head into the second half of trading. As far as economic news, Housing Starts were a little disappointing asRead more

March 21, 2012

China Chills Wall Street

by Rick Rouse / Posted in Market Analysis, Financial Stocks, Trade Update, Daily Update

9:00am (EST) The bears snapped a 3-session losing streak on Tuesday as the bulls were unable to recover from the ambush at the open. Futures were weak as we headed to press so we knew it was going to be an uphill battle to get back to even. The blue-chipsRead more

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