9:00am (EST) Monday’s gains were good to see as the bulls finally cleared resistance for the most part but we mentioned there could be a pullback off the highs to prior resistance levels. Sure enough, the bears showed up in the second half of trading and battled the bulls intoRead more
February 25, 2014
Bulls Just Miss Clearing Major Resistance
February 24, 2014
Trading Range Developing but for How Long?
9:00 a.m. (EST) The bulls put together another solid week despite a spooky Fed report and shaky earnings and economic news as the market pushed resistance and was able to clear resistance. The bears made a growl at support midweek after the meeting minutes revealed some of the Fed zombiesRead more
February 21, 2014
VIX Back Below 15
9:00am (EST) Thursday was a semi-crucial day for the bulls as futures were weak throughout the night and another test to support looked imminent. However, we mentioned the turnaround in futures in our morning commentary despite Wal-Mart Stores’ (WMT, $73.52, down $1.33) earnings miss and weaker economic data from aroundRead more
February 20, 2014
Market Falls on Fed Speak
9:00am (EST) The market was choppy on Wednesday following an opening pop and drop that ended with a lower close following the release of the Fed minutes. Besides the usual rhetoric, the one problem that spooked the bulls was the hint at possible rising interest rates the middle of nextRead more
February 19, 2014
Garmin (GRMN) Surges to New Highs
February 19, 2014
Small-Caps Shine, Blue-Chips Lag
9:00am (EST) Futures were green throughout Monday and into Tuesday’s open that led to an good day for the bulls. Although there was a little choppiness and a tight trading range on the Dow, the other indexes nudged forward to push highs and breakout territory. (read more…)
