9:00am (EST) The bears played offense to start the week and used a full scale attack to push the major averages lower by 1.5%, on average. Futures were breaking down like a rented mule before the start of trading and much of the day’s headlines were negative. We said yesterdayRead more
June 26, 2012
Moody’s (MCO) Can’t Get Enough
June 21, 2012
Market Succumbs to Selling Pressure
June 20, 2012
Fed Speak Hits Wall Street at Lunch
June 19, 2012
Bulls Crack Resistance
1:15pm (EST) The bulls are pushing the market higher as they march towards our upper-end resistance targets. While we admit we are rather surprised by the rally, we still don’t trust it. Today’s rally is on hope the Federal Reserve will extend their “Operation Twist” program which involves buying andRead more
June 19, 2012
Market Ends Mixed Despite “Positive” Greek Election
June 18, 2012
Futures Slip on Greece Election Outcome
June 15, 2012
Bulls, Bears and Zombies All Along the Watchtower
June 1, 2012
Dow Recovers Triple-Digit Loss
9:00am (EST) The bulls and bears traded heavy blows on Thursday as the market opened lower before recovering by Wall Street’s lunch break. Trading was choppy afterwards but the bounce came on renewed hopes Spain would get a bailout to assist its troubled banks. Of course, the water-cooler talk wasRead more
May 31, 2012
More Pain From Spain
May 24, 2012
Market Bends but Doesn’t Break
9:00am (EST) Wall Street experienced another volatile session on Wednesday’s as the action produced major price swings that pushed both short-term support and resistance levels. The Dow fell 7 points, or 0.05%, to finish at 12,496. The blue-chips kissed a low of 12,311 after opening at 12,501 but managed toRead more
