1:20pm (EST) It’s been amazing to see the numbers of bears switching sides and Barron’s call for Dow 15,000 wasn’t too surprising, maybe somebody over there is doing some real homework for once. Although we don’t do CNBC interviews, we’re sure they would have loved to have spoken to usRead more
Bears Showing Love, Beware
Bears Growl As Greece Hangs in Limbo
12:30pm (EST) The market hasn’t had a 1% pullback since December but that could all change by the closing bell. Futures were weak throughout the night and were showing a 0.5% loss to start today’s session but they got progressively worse as we headed towards the open. The situation withRead more
Bulls Answer Bell
One Step Forward, Two Back
Market Ends 7-Session Skid
9:00am (EST) The bulls were facing a make-or-break session on Monday (and last Friday) after the bears broke through several layers of support last week. The losses were historic for a Thanksgiving week and there was panic in the air following last Wednesday’s selloff. We did some late night homeworkRead more
Bulls Walking on Thin Ice
August Lows Could be Challenged
9:00am (EST) The bears pushed their winning streak to 6-straight sessions on Wednesday after punishing the bulls for another 2% loss. The selling pressure picked up into the close and another layer of support was cracked. The Dow fell 236 points, or 2.1%, to finish at 11,257. The index easilyRead more
Bulls Blow-off Steam
12:40pm (EST) Futures were pointing towards a jailbreak by the bulls this morning and the market is soaring after Europe came through with a “plan”. We knew things could get ugly during yesterday’s EU summit meeting but little did we know punches would be thrown. Of course, tensions build whenRead more
Bulls Riding Momentum Wave
9:00am (EST) The bulls were riding a 2-week winning streak and looked determined to make it 3-in-a-row coming into Monday’s session which has been a bullish day, historically, during the week of October expiration week. The bears had their own plans and were trying to hold the top of theRead more
Apple (AAPL) Misses, Futures Mixed
9:00am (EST) “We could have a short-covering rally into the close so buckle-up”. Those were our famous last words from Tuesday’s tidbits… We said yesterday we had high expectations for the week and we were disappointed with the start but the bulls got back on track following Monday’s spanking. TheRead more