1:20pm (EST) The market has traded in a tight range to start the shortened week following Monday’s day off as the bulls and bears feel each other out. February has seen extreme daily triple-digit swings in the Dow and today’s action is just a pause in what should continue to
Earnings in Focus/ New Trade!!!
Big Week For Bulls and Bears
9:00am (EST) The market continued its incredible comeback as the bulls quieted talk of an impending collapse by rallying back to prior resistance and January highs. The action for February has been breathtaking to say the least and has Wall Street frustrated. The bears used the last 5 trading sessions
Bulls Take a Breather
2:35pm (EST) Following 4 days of gains, the market has struggled in its drive for 5 as we head into the final hours of trading. The bulls made an opening push and officially cleared key resistance levels on a few more of the indexes but that pop has faded. The
Market Gellin’ for Yellen/ New Trade!!!
1:30pm (EST) Futures were showing a slightly mixed open for Wall Street today when we were doing our chart work last night and remained that way ahead of the European open. Futures were slightly weaker ahead of the opening bell and suggested today could be a wait-and-see session with flat
Bulls Push 2nd Wave of Resistance
1:40pm (EST) Futures were showing a strong open for Wall Street this morning ahead of the overseas market and before the Nonfarm Payrolls report came out. It was a good indication the market might move higher but once the news was released futures sold off. Dow futures had made a
#Twitter (TWTR) Tanks/ Profit Alerts (PM/ KKD)!!!
1:05pm (EST) We had a good feeling Twitter (TWTR, $52.48, down $13.49) would beat Wall Street’s estimates but we knew the number of users would be a big factor in how shares reacted to the news. The company reported a profit of 2 cents a shares versus expectations for a
Market on Pins and Needles
9:00am (EST) The market ended slightly lower on Wednesday following a choppy session that saw more downside action than up. Today’s session could turn out to be much of the same as Wall Street awaits Friday’s Nonfarm Payroll report. (read more…)
Bulls Take One Step Forward
9:00am (EST) The market rebounded on Tuesday to test and hold near-term resistance but there is still headline risk the remainder of the week that could help or hinder the bullish case to buy stocks at current levels. The back test to resistance was a normal reaction but Monday’s damage
Back Test to Resistance/ New Trade!!!
1:45pm (EST) The bulls are testing resistance that served as prior support and the big question will be if they can hold current levels into the close. The technical damage done in recent weeks has occurred in dramatic fashion and traders are trying to call a bottom. The market pros
VIX Surges 9%, Trips 20/ Profit Alert!!!
1:15pm (EST) The bulls tried to hold support at the open but a nasty ISM number sealed the deal for the bears as they continue to push lower lows. We have been warning of a quick and swift pullback and there have been numerous clues over the past few weeks