Posts Tagged ‘S&P 500’

Bulls Trying to Rebound

1:35pm (EST) The bulls are trying to rebound today but haven’t had much luck as the bears have controlled the majority of the action.  Yesterday’s pullback was slightly bearish and the bears are targeting the second wave of support.  If tested, it will be interesting to see if buyers stepRead more

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Market in Wait-and See Mood

9:00am (EST) “Here at home the Federal Reserve did nothing and disappointed the suit-and-ties who were looking for a QE3 sugar fix.  We repeatedly said the Fed wouldn’t act but the zombies will be meeting again at the end of the month in Jackson Hole, Wyoming.  There is a strongRead more

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Market Moves Lower

12:40pm (EST) We’ve had a busy Monday as we have opened two more new trades for our Daily and we were active with one of our Weekly Wrap trades as well.  The market got an opening pop which held for much of the morning but there has been a steadyRead more

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Support Holds, For Now

9:00am (EST)   The bears had a lot of momentum heading into Monday’s open as headline from around the globe pushed most equity markets lower before Wall Street even opened for business. China came out Sunday night with disappointing manufacturing numbers which weighed on the Asian and European markets whileRead more

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Dow Trips 13,000 in Choppy Trading

12:30pm (EST) The market went into the weekend looking for some kind of resolution to a second Greece bailout and futures were strong on Sunday night heading into Monday’s meeting in Brussels between Europe’s top brass.  The get together stretched late into the evening but after more finagling, an agreementRead more

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Market Heads Lower Entering Second Half

1:10pm (EST) The bulls got off to another strong start and continue to push new highs in some areas while struggling with resistance in others. We have a ton of action happening with our current trades so today’s update is just the numbers. The Dow is down 88 points toRead more

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Bears Growl As Greece Hangs in Limbo

12:30pm (EST) The market hasn’t had a 1% pullback since December but that could all change by the closing bell.  Futures were weak throughout the night and were showing a 0.5% loss to start today’s session but they got progressively worse as we headed towards the open.    The situation withRead more

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Greece Makes a Deal, Sort of, Rally Fades

9:00am (EST) The market finally got some resolution towards Greece settling its tab, or should we say, making its next loan payment, but nothing is etched in stone and we still have a weekend of uncertainty ahead of us.  We aren’t sure what kind of last minute back slapping/ stabbing,Read more

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Add Another Headline Worry

12:20pm (EST) Now we know why we learned World History in high school. After a decent start, the market is pulling back on fears of a possible US conflict with Iran.  Tensions have been rising for a few weeks over Iran’s threat to shut down the Strait of Hormuz whichRead more

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Futures Up, All Eyes on Congress

9:00am (EST) The market continued its most recent pattern this week, opening lower with the bulls battling back to even by midday, but finishing lower with harder selloffs into the close.  Europe’s woes have been a headache which could become a migraine if the knuckleheads of the Super Committee can’tRead more

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.