8:50am (EST) Here is what is happening this week… Today, the Commerce Department will report on October retail sales and September business inventories, while the Fed updates the market on manufacturing activity with the Empire State Manufacturing Index for November. On Tuesday, the Labor Department will release the producer price index (PPI) for October andRead more
9:05am (EST) The bulls managed to hold down the fort on Thursday as the bears forced a test to support before the market bounced of its lows into the close. Most of the news was about Dow blue-chip “you know who” but the dollar made another gain which held the rebound in check. The Nasdaq was offRead more
12:30pm (EST) The market is struggling again today as the bears look to continue this week’s downdraft. Futures were pointing towards a slightly higher open but the bulls couldn’t gain any traction despite a better-than-expected initial jobless claims number. The Labor Department said claims dropped by 24,000 to 435,000 whileRead more
9:00am (EST) The market appeared as if it wanted to go higher on Tuesday following a positive start but harsh criticism from China kept the bulls in check. There is a lot of underlying stories concerning the Fed’s accommodative monetary policy, some good, most bad, and the end results won’t beRead more
1:15pm (EST) The market opened slightly higher this morning but the momentum hasn’t been there as trading is choppy heading into the second half. The major indexes are all hovering near the breakeven line and failed to rally despite a better-than-expected wholesale inventories report. Earnings have also been a pleasantRead more
