1:20pm (EST) It remains to be seen if today’s slight push past resistance holds as the bulls try for the third-straight session to clear AND hold resistance. All signs continue to point towards a breakout and new highs into March but we mentioned the Fed Head’s testimony tomorrow could playRead more
12:40pm (EST) The futures market got a huge pop after the close on Tuesday after Turkey hiked its overnight interest rates with the Dow futures up over 80 points. The blue-chips had settled down before the European markets opened but were still up over 60 points ahead of this morning’sRead more
9:00am (EST) The bulls battled back on Tuesday to once again hold the bottom of the current trading ranges while giving themselves a little breathing room. There was some major news after the close last night as Turkey raised interest rates that could send the bears backpedaling again today. OfRead more
9:00am (EST) The shorts got punished on Tuesday as the bulls recovered Monday’s losses for the most part with Tech and the small-caps leading the way higher. Of course, nothing has changed as far as market direction as the 4-week trading range continues. However, the push to new highs inRead more
9:00am (EST) The first five days of trading for January were bearish as the Fed’s meeting minutes did little to help the bulls dig out of their hole. There was a little volatility ahead and after the late day news as the zombies expressed confidence in the economy’s continuing improvementRead more
11:50am (EST) Shoppers were out on Black Friday as the National Retail Federation reported total spending for the holiday period (Thursday through Sunday) came in at $57.4 billion. Despite the public debate against retailers opening on Thanksgiving Day, 45 million shoppers went out looking for gifts, a 27% increase fromRead more
