Posts Tagged ‘gold quotes’

Late Day Rally Pushes October Resistance

8:45am (EST) Europe’s head honcho’s are falling faster than dominoes as Greece’s Prime Minster dropped first followed by Italy’s – once their austerity budgets pass.  Unfortunately, the US will have to wait until 2012 to get some new knuckleheads in office but hopefully they are business people who can createRead more

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Market Slightly Up as Bulls Take Breather

2:10pm (EST) The action today has been mixed as the bulls took the early lead to push the market higher while the bears are playing catch-up.  Wall Street seemed a little uneasy this morning as traders waited on a key vote in Italy’s parliament which ousted its Prime Minister.  SilvioRead more

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Bulls Fade but Could Bounce Back

1:05pm (EST) We have our fingers in a lot of pies so our commentary will be short today as we have an open trade with headline news due out after the bell.  Not only has today been busy, we expect a super busy week so stay on your toes. TheRead more

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Another One Bites the Dust

1:30pm (EST) Futures were weak Sunday night and got progressively worse as we headed into this morning’s opening bell so we were prepared for a lower open.  There are a few headwinds in play for the bulls this morning, mainly, the MF Global (MF, $1.20) debacle which is the latestRead more

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Bears Cover Shorts, Market Surges 3%

9:05am (EST) Wall Street was giddy on Thursday after hearing Europe’s long-awaited plan to fix their debt crisis is finally gaining traction.  We covered the details of the 3-step plan yesterday and economic news here at home was decent with 3Q GDP (Gross Domestic Product) coming in better-than-expected.  Jobless claimsRead more

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IBM Weighs on Blue-Chips, Dow Still Up

1:45pm (EST)  The market appeared to be in trouble after Wall Street heard IBM’s revenue miss last night but the bulls held the first wave of support and have actually turned things around as we head into the second half of trading.  IBM did say some good things as wellRead more

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Bears Land Early Blows

1:00pm (EST)  Futures were pointing towards a strong open when we hit the rack last night as it appeared the market would rally after getting word that European finance leaders were working towards a solution to the debt crisis and plan to have something on the table by the endRead more

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Bulls Feeling Good

9:00am (EST)  The bulls came into the week looking to keep their momentum following a test to new 2011 lows the prior week.  Although they won the previous week, the bulls were still facing the uncertainty of Europe’s debt crisis and the start of 3Q earnings season which got offRead more

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Breakout on the Horizon?

2:25pm (EST)  The talking heads are saying we are off to a disappointing start to the earnings season but obviously they are reporting on the wrong companies. We have mentioned Wall Street and the media makes too much out of Alcoa’s (AA, $10.19, down $0.11) earnings which “officially kicks offRead more

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Market Surges 3% as Bulls Push Resistance

9:15am (EST)  The bulls got good news over the weekend as we told you yesterday the eurozone leaders seem determined to come up with a plan to recapitalize the European banks.  The plan-for-a-plan to fix Greece should be in place ahead of the G-20 summit at the start of November. Read more

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