1:00pm (EST) The bulls are having a tough day and you don’t need us to tell you the market may have reached a temporary “top” again. There is a bevy of news that is happening today AND tomorrow so we will do some quick hits today. The Dow is currentlyRead more
Bears See An Opening
Rally Stalls After Weak Retail Sales
Futures Pointing Towards Lower Open
9:00am (EST) The bulls got some good news yesterday in the form of the Dubai $10 billion “bailout” package and the Dow’s advance could have been more if Exxon Mobil (XOM, $69.69, down $3.14) didn’t drop 4%. The company said it would acquire XTO Energy (XTO, $47.86, up $6.37) for $30 billion or so andRead more
A Blast From The Past
Green Mountain Splits Stock/ Cisco Up
If you are watching the pre-market trades this morning you will notice that Green Mountain Coffee Roasters (GMCR, $63.36, down $30.18) is printing $63.36. If you bought that stock last week or yesterday, you might be freaking out right now if you are unaware of the share split. The companyRead more
Market Rebounds After Starting Lower
JPMorgan Trade Closed
JPMorgan (JPM, $23.75, up $0.55) had another decent day and traded above $24 before finishing Friday’s session 2% higher. The rally in the financials lasted for about the first hour or two of trading but many of the financial stocks ended off their session highs. I’ve been talking about theRead more
Financials Continue Rally
Market Rebounds, Call Options Up
Dow Plunges on Uncertainty
The market hates uncertainty and Tuesday all Wall Street could do was watch with despair as stocks were sent plunging. The market sat on the fence on Monday and traded flat and that was pretty much the deal until Treasury Secretary Timothy Geithner spoke. The more he spoke however, theRead more