1:50pm (EST) When we left for break on Friday, we knew heading into the weekend the market would be vulnerable to any setbacks from this weekend’s summit between the European Union (EU) leaders. However, the good news is that while everyone knew nothing concrete would come from the meeting byRead more
Caterpillar (CAT), M&A Activity Fuel Rally
Bears Push Support, Bulls Holding
Streaking Bulls Face Scary September
8:45am (EST) The bulls ended August with a win as they extended their streak to four straight sessions and 7-out-of-8 after saying goodbye to a nasty month. Wednesday’s action was strong at the open but the bull train lost some steam when news broke that AT&T’s (T, $28.48, down $1.14) planned merger with T-MobileRead more
Bulls Going for Hat trick
1:40pm (EST) The bulls are looking to extend their winning streak to three straight sessions and have a pretty good lead heading into the second half of trading. Futures were pointing towards a higher open this morning despite some disappointing economic data ahead of the bell. The Empire State ManufacturingRead more
Europe Fails to Agree on Greek Bailout
Can Snap-Back Rally Be Trusted?
8:45am (EST) Well, we knew it was coming. After taking body blows for much of June, the bulls finally landed a haymaker on the bears as the market rallied over 1% on Tuesday. There was a mixture of good and not-so-good news which was found encouraging and already has Wall Street thinking “soft landing”Read more
Microsoft (MSFT) Buys Skype, eBay (EBAY) Up
9:00am (EST) The bulls passed a key test on Friday and Monday as they got wins on both days following yesterday’s pop. The market was flat for much of the morning session although commodities were rebounding following last week’s selloff. Oil, gold and silver all traded higher despite an earlyRead more
Level 3 (LVLT) Goes Global Crossing (GLBC)
Texas Instruments (TXN) Acquiring National Semiconductor (NSM)
M&A Activity Helps Bulls Push Resistance
1:00pm (EST) The bulls have continued last week’s late push on merger-and-acquisition (M&A) news which has helped push the major indexes back towards resistance. The market is off its session highs but only slightly despite some nasty housing numbers. Existing home sales for February came in at 4.88 million units,Read more