9:00am (EST) The bulls teased Wall Street again after getting the indexes above key resistance levels but the rally faded in another choppy session. The bears didn’t do much damage as prior support levels are holding but the market feels like it is walking on eggshells. (continued…)
Another Failed Test at Resistance
Bears Growl, Bulls Hold 20-Day MA’s
9 Million Apple’s (AAPL) Keeps Bears Away/ Profit Alert (JCP)
11:45am (EST) Futures were slightly higher throughout the night and into this morning but turned negative shortly before the opening bell on mixed economic data. The reports weren’t market movers as Wall Street and the globe will be focused on the news out of Washington DC this week. We wentRead more
Bears Looking For 2-Straight
Rally Fizzles but Holds Positive Territory
Market Sees More Red Ahead of Fed Minutes/
Bears Get Second-Straight Weekly Win
50-Day MA’s in Play/ Profit Alerts (A, MGM)
1:10pm (EST) Wednesday’s close suggested more weakness for today and futures confirmed our thoughts when we woke up this morning. We knew coming into the week that Cisco Systems (CSCO, $24.82, down $1.56) held the market in its hands and that a breakout or breakdown could occur depending on whatRead more