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
Bulls Looking for Third Time to be a Charm
Bulls Reclaim Resistance/ New Trades!!!
VIX Drops Below 15/ New Trade!!!
Numbers to Watch/ New Trade!!!
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
Bulls, Bears and Turkey
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
Dead Cat Bounce/ Key Reversal Powers Bulls
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
4Q Earnings Season Heats Up/ Profit Alert/ New Trade!!!
No Market Mixed on Fed’s Head Games
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
Bulls Enter 2014 on a Roll
Blue-Chips Lower on Another Mixed Monday/ Profit Alert!!!
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