9:00am (EST) The market recovered on Thursday following the week long drubbing by the bears and came close to reclaiming prior support levels. The bears kept the action close until our midday update but surrendered more ground in the second half of trading. The major indexes are down 1%, onRead more
Bulls Still Down 1%
Bears on Track for Weekly Win
Germany Approves ESM
Bulls Fight Back to a Tie
Market at Support, Bernanke on Deck
Bears Get Slight Win, Again
Bears Banking on Monday
Notes from the Street, NEW TRADE!!!
Bears Getting Grizzly
1:20pm (EST) Futures were down about 0.5% before the European markets opened this morning but got progressively worse before Wall Street’s opening bell. There are reports that the IMF (International Monetary Fund) is getting ready to cut the cord on Greece and will stop aid payments soon. If so, thisRead more
Resistance Holds as Tensions Tighten
9:00am (EST) The bulls tried to get some momentum going on Tuesday but ran into trouble after stretching resistance. The bears got a few licks in before lunch following comments from Germany’s Angela Merkel who said they will not support joint-euro bonds. We talked about this last Monday and saidRead more