1:00pm (EST) Futures were choppy throughout the morning as economic and earnings news have dominated the headlines. Much of the chatter has been mixed with good and bad company numbers and mostly positive economic news. It has been a volatile week and perhaps today’s action stays tight as Wall Street
Blue-Chips Looking to End 2-Week Slide/ New Trade!!!
Netflix (NFLX) Slips/ Apple (AAPL) After the Bell/ New Trade!!!
12:05pm (EST) The market pushed new highs on the open but the action has simmered as we head into the second half of trading. Economic news has been light and all has been quite on the zombie from although there was some political rhetoric today on Obama’s upcoming speech on
Market Mixed, Support Holding
12:30pm (EST) We did a lot of chart work over the weekend and we have been pretty busy this morning. For those of you who don’t like to look at charts, we encourage you to go to the Members Area today to take a peak. It will help you with
Caterpillar (CAT) Throws Bulls a Life Jacket
1:00pm (EST) The market got an opening pop following better-than-expected earnings from Caterpillar (CAT, $80.98, down $0.45) but the rally in the blue-chips have quickly lost steam. The bears focused their attack on Apple (AAPL, $573.63, down $27.29) and Tech at the open and weren’t too worried about the few
Google (GOOG) Beats Estimates, Shares Crack $600
9:00am (EST) The bulls won their third-straight session on Thursday and made another run at upper resistance levels but ran out of gas midday way through the session. The surge during the first half of trading was enough to allow them to coast to victory as the bears never got
Bears Extend Winning Streak
9:00am (EST) The market followed a similar pattern that has played out all week as the major indexes tested news lows before a late afternoon bounce made the losses more respectful. The bears continued with their recent win streak as the Dow and S&P fell for a sixth straight day.
Bulls Push Resistance on Strong Rally
1:30pm (EST) We have been expecting a test to resistance and we said we could have a huge snap-back rally or dead cat bounce this week. Well, here it is and it is happening before the release of the Fed’s Beige Book (at 2pm). The bulls have been known to
Market in Wait-and-See Mood
12:45pm (EST) The bulls and bears seem tentative to place big bets ahead of this week’s fireworks which could go off any moment. The show will officially start here in the U.S. with tomorrow’s economic news (Fed’s Beige Book) and today’s ISM Services numbers were mildly positive. The index came