1:35pm (EST) The overseas markets were anticipating a weak jobs report last night as most of the indexes started their session with a 1% loss which led to a lower futures market here at home. There was a little optimism mid-week ahead of today’s Nonfarm Payrolls but that quickly wanedRead more
September 2, 2011
Bears Push Support Ahead of Holiday Weekend
September 1, 2011
Bulls Hold Ground Ahead of Nonfarm Payrolls
1:35pm (EST) The market held up well following the jobs data before the bell and caught a bid after better-than-expected economic news afterwards which helped the bulls make a push higher. We mentioned in our Weekly Wrap today would be a monster day for headline news and the market wasRead more
September 1, 2011
Streaking Bulls Face Scary September
8:45am (EST) The bulls ended August with a win as they extended their streak to four straight sessions and 7-out-of-8 after saying goodbye to a nasty month. Wednesday’s action was strong at the open but the bull train lost some steam when news broke that AT&T’s (T, $28.48, down $1.14) planned merger with T-MobileRead more
August 29, 2011
Good Night Irene
August 29, 2011
Bulls Looking to Keep Momentum
9:00am (EST) The bulls were holding a nice lead going into Friday’s session as they were looking for their first weekly win in a month. News had been good heading into Fed Chairman’s Ben Bernanke’s speech which helped boost the market as the turmoil in Libya improved and Financial stocksRead more
August 25, 2011
Buffett Backs Bank of America (BAC)
1:30pm (EST) We mentioned on Tuesday we could be nearing a bottom for Financial stocks and it seems Warren Buffet got the message. Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America (BAC, $7.63, up $0.64) to shore up the company’s balance sheet and provides a much neededRead more
August 22, 2011
Wall Street, Seattle Genetics (SGEN) Pop, Then Drop
12:55pm (EST) The market is getting a lift today as the bulls push resistance following a 4-week losing streak but the major indexes are off their highs. There hasn’t been any major headline news, negative that is, and economic gibberish doesn’t hit the tape until Tuesday which has given theRead more
August 22, 2011
Bulls Looking Nervous
August 19, 2011
Hewlett-Packard (HPQ) Puzzles Wall Street, Shares Slammed
August 19, 2011
Bulls Searching for Answers
9:10am (EST) The bulls got rocked on Thursday following a selloff around the globe as Europe’s troubles made headlines again. Many of the overseas Banking stocks were showing losses of 7%-8% as financial institutions face tighter liquidity and are trying to raise cash which played right into the bears hands. NewsRead more
