9:00am (EST) It has been a wild and volatile shortened week for the market with today’s action leaving us on the brink of watching a good movie end. Things started off scary on Monday after the major averages got slammed by the bears on an S&P downgrade of U.S. debt. On Tuesday,Read more
Bulls Once Again at February Highs
Tech Leads Bulls Charge
Bulls Looking to Breakout
8:50am (EST) The bulls recovered from Monday’s haymaker and rebounded to push the market higher on Tuesday. Believe it or not, there were a couple of decent housing reports released before the bell which helped futures firm up and led to a solid open. The bulls cruised until halftime whichRead more
Earnings Take Center Stage Once Again
Goldman Sachs (GS) Wears its Golden Slacks
S&P Revises U. S. Debt to “Negative”
1:30pm (EST) Futures were pointing towards a slightly lower market when we released this morning’s update but things got even worse shortly after we sent it out. Before the opening bell. Standard & Poor’s lowered the U.S. debt outlook from “Stable” to “Negative” while reaffirming the country’s “AAA” debt-rating. ThisRead more
Bears Looking to Keep Slight Momentum
8:45am (EST) Although the bears won last week’s battle to make it two-in-a-row, you could tell by the bulls’ efforts that they aren’t going down without a fight. The real action occurred in one day, on Tuesday, which is when the bears roared loudest. Friday’s gains helped cut the week’sRead more
Bears Getting Stronger but Bulls Show Resiliency
Google (GOOG) Drops $30+
8:50am (EST) The bulls got their second straight win on Thursday but the margin of victory matched Wednesday’s slight gains. The bears dominated the early action after hearing initial jobless claims rose by 27,000 week-over-week to 412,000. Wall Street was looking for 385,000 and the jump back over 400,000 was the headline shocker. ThisRead more