12:55pm (EST) The market started today’s session in negative territory as a number of not-so-good earnings reports and a weaker-than-expected jobless claims number weighed heavy on the bulls at the open. They have been trying to get things back to even despite the headwinds and have brought the market off its lows but selling pressure isRead more
1:10pm (EST) The bulls were behind the 8-ball before the opening bell sounded as economic data out of China revealed imports slowed significantly in the latest period due to declining demand and a tightening of monetary policies. The news pushed futures significantly below fair value which led to a nasty open. The bears have doneRead more
9:00am (EST) The market traded north and south of the breakeven line for much of yesterday before taking a skid in the final couple of hours after Federal Reserve Chairman Ben Bernanke started talking. Wall Street needed to hear only two words before the bears started to name that song. Big Ben’s “unusuallyRead more
1:15pm (EST) The market has traded in a tight range today despite some positive catalysts from the Financial sector. Better-than-expected earnings from Morgan Stanley (MS, $32.10, up $1.65), which is up over 4%, is lifting other names in the sector but there other areas of the market that are draggingRead more
1:00pm (EST) The Dow has almost managed to make its way to breakeven and the bulls are just shy of pushing the index into positive territory. They have managed to bring the S&P 500 and the Nasdaq into the green but Wall Street seems slightly nervous ahead of this afternoon’s Fed minutes. In about an hour, the Fed willRead more
