9:00am (EST) The bulls got some green numbers on Wednesday although the market’s gains were limited. After a nice open, the bears come out at lunch and had a quick nibble but left after feasting for two days. There was plenty of uninspiring news but it was good to seeRead more
Focus on Dendreon (DNDN)
JPMorgan (JPM) Beats, Shares Slide
12:50pm (EST) After a strong open, the bulls once again find themselves giving up ground. Futures were pointing towards a beautiful start to today’s trading but the bulls retreated after testing Monday’s lows which isn’t a good sign. Let’s start with the boring stuff first. In economic news, Business InventoriesRead more
Futures Pointing Towards Strong Open
8:55am (EST) The bears took another step towards cracking major support levels as they spent all of Tuesday pounding the bulls into a corner. In round 2-out-of-5 this week, the bears scored their second consecutive win, but more important, they did some serious technical damage as both the Nasdaq andRead more
Bulls Look Weak, Bears Push Support
One Step Forward, Two Steps Backwards
9:05am (EST) Monday’s action followed last week’s script where the bulls started the session pushing resistance only to fade by the end of the day. The bears have slowly chipped away at support and yesterday’s action favored their camp, but they too, are lacking momentum despite having the headlines inRead more
Level 3 (LVLT) Goes Global Crossing (GLBC)
First Quarter Earnings Season Starts Today
Bulls Hold Edge, Market Slightly Lower
Rare Element Resources (REE) Surges 16%
8:45am (EST) We learned again yesterday the market is still fragile to headline news, both good and bad. The bulls were once again pushing new highs and testing resistance after good employment numbers but things abruptly went south after another earthquake struck Japan. There was a rush for the exits as theRead more