9:00am (EST) “Europe was relatively quiet but Greece said it would need more money last week and Spain brought the pain on Friday. With earnings entering their third week and the bottom line-up of heavy hitters reporting, Apple and FaceBook (FB, $28.76, down $0.24) will be the last bullets theRead more
9:00am (EST) The bulls and bears continued trading punches on Tuesday as the market rebounded from Monday’s losses and added a half-percent despite Ben Bernanke’s somber tone on the economy. Much of the early action favored the bears as they pushed near-term support within the first hour of trading andRead more
9:00am (EST) “The bulls were on the verge of a breakout last week and we often mention how support and resistance can get “stretched”. Coming into June, the bears had all the momentum following May’s selloff and while we thought there could be further weakness, we knew the indexes wereRead more
12:20pm (EST) Market breakouts and breakdowns are hard to call when an index or a stock are stuck in a trading range. Often times, support and resistance can get stretched which can test your patience so it’s important to keep your emotions in check despite the temptation to change yourRead more
9:00am (EST) The market ended higher on Tuesday’s shortened session as the bulls pushed our upper end targets and came one step closer to a breakout. Economic news came in better-than-expected for the most part and news from overseas was relatively quiet. The Dow gained 72 points, or 0.6%, toRead more
2:10pm (EST) We have been warning of a possible selloff or a test to new lows and today’s action could be the start of something more serious. Futures were slightly higher when the overseas markets opened but took a turn for the worse once Germany reported higher unemployment numbers. TheRead more
