12:25pm (EST) After a lower open, the market is trying to recover and is mixed as we head into the second half of trading. Tech has been weak but the Financial stocks have shown some strength following Friday’s pounding. Earnings are winding down and this week Wall Street will focusRead more
Is Bank of America (BAC) a Buy?
Futures Looking Strong, Bulls Eyeing Resistance
8:50am (EST) There was some buying yesterday after our 1pm update as the bulls battled back from early losses to make it a worthwhile day. There weren’t any major catalysts behind the advance but one report showed gas consumption is still on the rise which means consumers have worked in higher pricesRead more
Financials Show Strength, Can They be Trusted?
7 Come 11
Bulls Break Resistance, Rally Looking Good
1:20pm (EST) We told you this morning we could feel another breakthrough about to happen. There isn’t a lot happening in the market today as far as earnings or economic news but the bulls have managed to push through our intermediate targets for the major indexes which should clear theRead more
Bulls Looking For Strong Finish
Financials Provide Bulls More Ammo
9:10am (EST) The bulls got a little help yesterday after getting some worse-than-expected economic news as the Financial sector “bailed” them out on M&A news and an upgrade from Wall Street on several key players. Regional bank stocks moved higher after Hancock Holding (HBHC, $34.58, down $2.46) agreed to acquireRead more
Jobless Claims Lift Futures
9:00am (EST) Although it’s not a done deal, the compromise backed by the President and Republican leaders on extending tax cuts led to choppy trading on Wednesday as bonds got crushed and the dollar gained strength. The bulls are arguing that a tax-relief package will stimulate economic growth in 2011 while the bears areRead more