Setting Up Cisco Systems (CSCO) 12:20pm (EST) Shares of Cisco Systems (CSCO) are trying to recover from last week’s pullback and gap below support after reporting earnings. I mentioned the company topped expectations but offered lower guidance for the current quarter and that there might be a trade afterwards. AsRead more
12:55pm (EST) Futures were pointing towards a nice pop at the open as some of the Tech names reported better-than-expected earnings while jobless claims came in under 400,000 again. However, despite the strong start, the momentum has failed to hold as the indexes gave back all of their gains withRead more
1:30pm (EST) The bulls are holding their gains and are pushing the market higher as we head into the second half of trading. Better-than-expected earnings from Tech and an in-line jobs report have helped fuel today’s bounce. Initial Claims came in at 395,000 versus estimates for 405,000 and below theRead more
9:00am (EST) Well, that was easy… The bulls continued their red-hot “September to Remember” tour by staging another impressive rally that easily pushed the market to the verge of breakout territory. We had a feeling when we were doing our Weekly Wrap on Sunday that the bulls would push the action ahead ofRead more
9:00am (EST) The bulls got a curve ball before the closing bell and had their four-session winning streak snapped as the market ended Tuesday mixed. We covered the major resistance levels yesterday which kept a lid on things as the bears mounted a small comeback in the final hour of trading. TheRead more
9:10am (EST) The market zigzagged for much of Thursday’s session but there was trouble on the 2pm horizon after the Kansas City Fed spoke. Things took a turn for the worse for the bulls after hearing the region’s manufacturing index fell to 0 in August, down substantially from July’s reading of 14. The newsRead more
