The Dow declined 189 points, or 1.2%, to settle at 15,738. The blue-chips quickly fell below 15,900 on the open and tested support at 15,800 for much of the session before taking a late day dip to 15,708. We specifically said to watch 15,703 and the index came within 5
No Bounce, No Bull
Small-Caps Surge Past 1,200
2:05pm (EST) We predicted today would be a bullish session with a possible pullback on Tuesday and into Thursday as overnight futures held up into this morning’s open. Tuesday is a half session as the market closes at 1pm (EST) and most of Wall Street will be eager to wrap
Terrific Tuesday’s Returns
9:00am (EST) The bulls returned to form on Tuesday following Monday’s mixed session as they continued their push towards 52-week, decades and all-time highs. The slick talking pros and hedge fund gurus that have trailed the market all year are still calling for a pullback but the bears aren’t listening.
9 Million Apple’s (AAPL) Keeps Bears Away/ Profit Alert (JCP)
11:45am (EST) Futures were slightly higher throughout the night and into this morning but turned negative shortly before the opening bell on mixed economic data. The reports weren’t market movers as Wall Street and the globe will be focused on the news out of Washington DC this week. We went
Dow Poised for a Monday Win/ New Trade!!!
12:20pm (EST) The blue-chips are looking for their first Monday win since mid-July and have cleared major resistance to start the week. Last Tuesday’s win on the Dow was a good omen but a negative Friday close last week keeps the Monday/ Friday closes mixed. Of course, the close will
Another Push to Resistance/ New Trade!!!
11:45am (EST) The bulls are making another push higher and are once again pushing the first waves of resistance but as we have seen lately, it’s the close that matters. There has been some geopolitical rhetoric this morning as the President is over in Switzerland trying to convince the world
Bulls on Track for Weekly Win
1:05pm (EST) Believe it or not, the bulls are up for the week if current levels hold with the Dow being the weakest link. We have seen the 50-day MA’s (moving averages) come into play and while the action is still being played out, we have warned not to go
Bulls Having Trouble with May Intraday Highs
9:00am(EST) The market was choppy for much of Monday’s first half of trading but picked up steam during the second half as the bulls continue to push new highs. The third-straight up Monday continues to show money is coming into the market as Wall Street pros and hedge fund managers
All on Big Ben, Again
9:00am (EST) The bulls dodged a bullet yesterday after Germany agreed to support more bailouts as Wall Street now shifts its focus on today’s Fed news. The bears managed to trim a little off the top but the market showed continued strength as it pushed new highs. The Dow added
Bears Take Another Monday
9:00am (EST) It was another typical Monday for the bears as the market ended the session lower. If we count last Tuesday as a Monday, the Dow has now fallen 14-out-of-15 days to start the week but the bulls have been holding support. Getting off to a good start to