Posts Tagged ‘Dow 12’

Intel (INTC) Weighs on Tech but Market Heads Higher

1:00pm (EST) The market opened higher and has traded in a tight range today as numerous headwinds have kept a lid on any momentum the bulls were hoping to gather.  All three indexes have made a trip in negative territory but things have turned around as we head into theRead more

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Futures Up, Bulls Looking to Rebound

9:00am (EST) The Dow fell 166 points on Friday, or 1.4%, and closed at 11,823.  Although the index reached our near-term target of 12,000 last week, we had trouble closing above this level.  We also listed key support levels to watch for on a pullback on Thursday and again on Friday.  For theRead more

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Geopolitical Uncertainty Hammers Market

12:10pm (EST) The volatility is picking up just like we said it would… The market is entering the heart of earnings season and even though there have been some surprises, the bulls have overlooked some of the missteps and appear to be focused on the “next level” for the indexesRead more

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No Respect for Microsoft (MSFT), Amazon (AMZN) Slips

9:10am (EST) The bulls struggled to the finish line on Thursday but led the bears for much of the race as all three major indexes finished in the green.  We also got our second confirmation that the current rally could have more legs.  The Dow gained 4 points to close atRead more

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S&P Breaks 1,300

1:00pm (EST) The market is up as we head into the second half of trading but has stayed in a narrow range since the open.  Earnings have been good and bad while economic news has also been mixed as pending home sales came in better-than-expected, while initial jobless claims disappointed.Read more

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Close But No Cigar

9:20am (EST) We had to hold back on our “victory” cigars because the market wasn’t able to break and hold our targets for the indexes on Wednesday.  Yes, if it were government work, yesterday’s numbers would’ve have counted, but we like real numbers and the indexes remain just under resistance.  The good news wasRead more

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Bulls Tackle Dow 12,000, New Trade Recommendation

12:50pm (EST) Write it and they will come… In our “Field of Dreams”, we had a vision of Dow 12,000; S&P 1,300; and Nasdaq 3,000 back in October 2010.  We have written and talked about these targets for the last 3 months and today was opening day.  We felt itRead more

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Market Rebounds, Bulls Eye Resistance

9:00am (EST) We had a feeling the bulls would battle back yesterday and we said in our 1pm update we wouldn’t be surprised to see a positive close for the market.  Well, two-outta-three ain’t bad… The market spent much of Tuesday’s session in red ink and was near its lowsRead more

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