9:00am (EST) “This past Monday was a negative close for the market and had it been positive, we might have factored in a possible trend change as it would have been the third-straight positive Friday/ Monday close for the market. Futures were showing a strong open last Sunday night whenRead more
Bears Looking To Regain Momentum
Bears Have Another, Facebook (FB) Getting Zuckerberged
9:00am (EST) Yesterday’s market action reminded us of Saturday’s Preakness horse race as the bears “had another” to claim the photo-finish win. The bulls led the entire session as the Dow and S&P were looking to make it back-to-back wins for the first time since late April but the bearsRead more
Market Tests March Lows
Bears Win Second Straight
Nasdaq Down Nearly 2%
1:05pm (EST) The bears are cracking support and the VIX is popping as mixed economic news and a Fed hangover continue to hamper the market. Before the bell, the ADP Employment Change numbers failed to lift futures although they came in better-than-expected. The report showed that 209,000 jobs were createdRead more
Market Pulls Back as Bears Attack
Flat Action Ahead of the Fed
9:00am (EST) The market finished mixed on Monday with the bulls and bears each splitting the indexes if we include the small-caps. Yesterday’s action was timid to say the least as the major indexes traded in a tight range ahead of today’s FOMC Rate decision. Although volatility has picked upRead more
Bears Growl as S&P Falls Below 1,350
Bulls Looking For Weekly Win
9:00am (EST) The market traded in another tight range on Thursday following the haymakers that were thrown during Wednesday’s session. Despite the panic displayed by many of the talking heads and Wall Street pros this week who have called for a lower market, the bulls come into today’s session withRead more