9:00am (EST) The Terrific Tuesday’s turned into a Tame Tuesday as the bears evened the score for the week and are ahead on Wall Street’s scorecards. Although the action was subdued with more slick talking heads calling for a pullback, there were a few bullish signs that kept the lossesRead more
Market Slips but Not By Much
Bulls Push Resistance on Strong Rally
Market in Wait-and-See Mood
12:45pm (EST) The bulls and bears seem tentative to place big bets ahead of this week’s fireworks which could go off any moment. The show will officially start here in the U.S. with tomorrow’s economic news (Fed’s Beige Book) and today’s ISM Services numbers were mildly positive. The index cameRead more
Bears Growling, Futures Down Sharply
Nasdaq Trips 3,000; S&P 1,375
1:25pm (EST) The bulls have done us proud by hitting ALL of our fluff targets but the market immediately took a step back after Ben Bernanke started speaking. Economic news came in better-than expected as 4Q Gross Domestic Product (GDP) was up 0.9% for the quarter versus expectations for anRead more
Futures Higher Ahead of the Bell
9:10am (EST) Futures are pointing towards a slightly higher open this morning. Ahead of the bell, Dow futures are up 45 points to 9,664. The S&P 500 futures are higher by 6 points to 1,047, while the Nasdaq 100 futures are up 9 to 1,706. In earnings news, Cal-Maine Foods (CALM, $27.78) reported aRead more
Weekly Wrap for 2/22/09
1. Commentary 2. Gold and Platinum 3. Trading Bank of America 4. 2008/ 2009 Portfolios 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary If 666 is the number of the beast, it must be that of a bear because it roared its ugly head at the market.Read more
Weekly Wrap For 1/18/09
1. Commentary 2. HSBC Holdings 3. Genentech 4. Intel 5. Earnings 6. Closing Thoughts ************************************************** 1. Commentary The market continued its slide last week led by the financial sector which lost over 15%. We had the usual suspects in-play as a number of high profile banks begged, borrowed, and pleadedRead more