1:30pm (EST) Futures were pointing towards a slightly lower market when we released this morning’s update but things got even worse shortly after we sent it out. Before the opening bell. Standard & Poor’s lowered the U.S. debt outlook from “Stable” to “Negative” while reaffirming the country’s “AAA” debt-rating. ThisRead more
8:45am (EST) Although the bears won last week’s battle to make it two-in-a-row, you could tell by the bulls’ efforts that they aren’t going down without a fight. The real action occurred in one day, on Tuesday, which is when the bears roared loudest. Friday’s gains helped cut the week’sRead more
8:50am (EST) The bulls got their second straight win on Thursday but the margin of victory matched Wednesday’s slight gains. The bears dominated the early action after hearing initial jobless claims rose by 27,000 week-over-week to 412,000. Wall Street was looking for 385,000 and the jump back over 400,000 was the headline shocker. ThisRead more
12:50pm (EST) After a strong open, the bulls once again find themselves giving up ground. Futures were pointing towards a beautiful start to today’s trading but the bulls retreated after testing Monday’s lows which isn’t a good sign. Let’s start with the boring stuff first. In economic news, Business InventoriesRead more
8:55am (EST) The bears took another step towards cracking major support levels as they spent all of Tuesday pounding the bulls into a corner. In round 2-out-of-5 this week, the bears scored their second consecutive win, but more important, they did some serious technical damage as both the Nasdaq andRead more
9:05am (EST) Monday’s action followed last week’s script where the bulls started the session pushing resistance only to fade by the end of the day. The bears have slowly chipped away at support and yesterday’s action favored their camp, but they too, are lacking momentum despite having the headlines inRead more
