12:10pm (EST) Out with the old, in with the new. The Dow Jones Industrial Average is made up of 30 stocks. From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies. Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of America
Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!
Goldman Sachs (GS), Financials Lead Market Higher
1:00pm (EST) The market got a huge pop at the open as the Dow tripped 13,000 on better-than-expected earnings from a couple of blue-chippers and the rally has strengthed as we head into the second half of trading. As far as economic news, Housing Starts were a little disappointing as
Dow Lower Despite IBM, Caterpillar (CAT) Strength
1:15pm (EST) Trading has been sloppy and choppy this morning as the bears are doing their best to hold the bulls back from advancing the market further following Friday’s nice pop. Futures were pointing towards a higher start for the US markets when the European markets opened but gradually faded
Big Vote after the Bell
1:20pm (EST) The market is seeing green today for the first time all week as all three of the major indexes are up. Although the debt ceiling debate remains unresolved, the bulls got some good news this morning after learning Jobless Claims came in under 400,000 at 398,000. Wall Street
Bank of America (BAC) at 2-Year Lows
1:15pm (EST) Futures were pointing towards a rough open this morning as continued concerns over Europe and U.S. debt continue to plague the market. Overseas markets have traded lower for much of the morning on a weaker euro while the Financial stocks here at home continue to take a pounding.
Bears Push Support, Bulls Battle Back
1:05pm (EST) The bears got an early jump at the open and tested support but the bulls have managed to hold and are pushing back. We mentioned Cisco System’s (CSCO, $16.95, down $0.84) earnings this morning but Tech has held up well despite Cisco’s 5% drop. Economic news has been
Bulls Back in Familiar Territory
9:00am (EST) Trying to predict the market is never an easy gig, but if you have solid technical analysis it can help. The bulls broke through resistance on Monday as the market looks ahead towards today’s Fed meeting. Many of you know we have been in a choppy market, but
McDonald’s Is Lovin’ It
12:50pm (EST) The bulls have kept the market in positive territory for the majority of the session although the bears sniffed red shortly after the open. The Dow and S&P 500 briefly slipped into negative ground but quickly bounded off their lows and are challenging key resistance levels once again.
Bears Grab Momentum!
12:45pm (EST) The bulls put up a good fight as they held the market’s slide at the open and were pushing their way towards even before succumbing to the pressure. The bears are trying to break key technical levels ahead of the weekend and have come close to doing so.
Futures Turnaround, Market Set to Open Higher
9:00am (EST) The bulls struggled all day on Tuesday as the market stayed in the red and were unable to build on Monday’s gains. Weak earnings and a round of disappointing economic news put a halt to the current rally but the bulls did well by holding losses to less than