12:25pm (EST) There was a lot of tension heading into today’s speech by Federal Reserve Chairman Ben Bernanke as the bulls and bears were hoping for different results. The bulls wanted possible hints of another stimulus package while the bears were hoping for nervousness and panic on the Fed’s part.Read more
You Can’t Always Get What You Want
Futures Pointing Towards Sharply Lower Open
9:05am (EST) When we went over the charts in our Weekly Wrap for the major indexes on Sunday, we knew the market could go either way this week heading into today’s highly anticipated speech from Federal Reserve Chairman Ben Bernanke. The bears appeared to have the momentum following last week’s romp and the indexes wereRead more
Bulls Struggling to Hold Gains
2:00pm (EST) Futures were weak in overnight trading and when the overseas markets opened this morning for trading after the Moody’s downgrade of Japan. Dow futures were down triple-digits when we hit the rack last night and had improved once we started to settle in for today’s trading. The marketRead more
A Walk Down Memory Lane
Financial Stocks Continue Freefall
9:00am (EST) The bulls got off to a strong start on Monday following decent gains from the overseas markets but the momentum stalled shortly afterwards as the major indexes struggled with resistance. Financial stocks were a big letdown once again after rallying nearly 2% from the start before breaking down like a rentedRead more