12:20pm (EST) The market has gotten off to a slow start as both the bulls and bears feel each other out before mapping their next move. Futures were pointing towards a higher open but were weakening as we headed towards the opening bell. There is some rhetoric out of EuropeRead more
May 9, 2011
Citigroup (C) Reverses Course
May 9, 2011
Bulls Looking to Recover
8:45am (EST) The bears stopped the bulls recent momentum as they were able to pound the market early in the week before Friday’s big rebound to hold on for the weekly win. The major indexes were facing serious trouble before Friday’s non-farm payrolls report but rebounded sharply after hearing the good news. MuchRead more
May 6, 2011
Unemployment at 9.0% But Looks Good
9:00am (EST) The bears made some noise yesterday. Thursday’s action got progressively worse as the market heading into the final hour of trading which left the bulls gasping for air ahead of this morning’s unemployment report. Before we give you the news, let’s cover yesterday’s action first. The Dow stumbled to a loss of 139Read more
May 5, 2011
Wall Street Bracing for Friday’s Unemployment Rate
1:10pm (EST) We told “Chuck” we would take the Bears for $400 earlier this week and that category has paid off a “daily double”. The market opened sharply lower this morning following a disappointing jobless claims number which has helped the bears continue their momentum this week. The bulls wereRead more
May 5, 2011
Intel (INTC) Hits 52-Week Highs, EA (ERTS) Reports Earnings
8:50am (EST) We knew before the market opened on Wednesday it was headed lower. Although futures were holding up, the atmosphere felt bearish and the lack of follow through following Monday’s big pop at the open has been apparent all week. Economic news has come in below the belt and tomorrow’sRead more
May 4, 2011
Bears Push Support
1:30pm (EST) The bears are pushing support levels today following a weaker-than-expected ADP Employment Change report, which reported private payrolls increased by 179,000 in April. This was lower than the 195,000 Wall Street had expected but futures were relatively unchanged before the bell after the news. Of course, we areRead more
May 4, 2011
What Does 6% Mean?
May 3, 2011
Renren (RENN) Looking to Make IPO Splash
May 3, 2011
Tuesday’s Tidbits
9:00am (EST) The bulls stampeded out of Wall Street’s gate at the start of Monday’s trading session on news that America’s most wanted terrorist, Osama Bin Laden, had been killed by U.S. military. However, the euphoria only lasted until lunchtime before the bears made their presence known. The market was able to extendRead more
May 2, 2011
