12:45pm (EST) This morning’s open wasn’t as bad as most of the talking heads were predicting but we were prepared to kiss support levels yesterday which made this morning a little easier for us. All we were hoping for was a hold and bounce. Trying to time a market breakoutRead more
Starbucks (SBUX) Bucks the Trend
Big Vote after the Bell
1:20pm (EST) The market is seeing green today for the first time all week as all three of the major indexes are up. Although the debt ceiling debate remains unresolved, the bulls got some good news this morning after learning Jobless Claims came in under 400,000 at 398,000. Wall StreetRead more
Let the Grilling Begin
12:20pm (EST) The market has traded in a tight range today ahead of the Fed’s conclusion of its two-day meeting on interest rates. The latest FOMC policy statement is due at 12:30pm (EST) which will be followed by a Q&A session with Fed Chairman, Ben Bernanke. Futures were pointing towardsRead more
Market Turns Red, Green Mountain Gets Green Light
Dow Goes For Five
9:00am (EST) The Dow continued its winning ways on Thursday as the bulls battled back from a 1% drubbing to take the Dow higher for the 4th straight day. The bears were doing some damage as the market started with a quick trip into negative territory with disappointing forecasts from eBay (EBAY, $24.78, down $1.51) and Qualcomm (QCOM,Read more