9:00am (EST) The market was facing a fork in the road going into the start of last week. The bulls were trying to stop the bleeding as the indexes were perched just above their 20 and 50-day moving averages (MA) and were coming off a loss of over 2%, on average,Read more
Deal or No Deal?
Here Comes the Kitchen Sink
Bears Get Two (Hundred) for Flinching
Bulls Trying to Get Back on Track
9:00am (EST) The bulls were behind the 8-ball for much of Monday’s session as there was no follow-through from Friday’s pop to help offset the ongoing U.S. and European debt concerns which continue to plague the market. The selling pressure at the open remained throughout the morning which pushed the indexes below major supportRead more
Bank of America (BAC) at 2-Year Lows
1:15pm (EST) Futures were pointing towards a rough open this morning as continued concerns over Europe and U.S. debt continue to plague the market. Overseas markets have traded lower for much of the morning on a weaker euro while the Financial stocks here at home continue to take a pounding.Read more
Is the Market Half Empty or Half Full?
9:00am (EST) The bears started the week by pushing the market lower on renewed debt concerns over Italy which quickly started the downgrade of debt (again) overseas and here at home. Monday and Tuesday were rough as the bulls gave up significant ground and were going under water with threeRead more
“In the Foxhole”, “Eating Peas”…
1:45pm (EST) We mentioned yesterday that July option expiration day has been pretty volatile over the last few years but we also mentioned that in 2011, most option days have been “flat”. Today’s action has been non-eventful with Tech showing some strength while the Dow and S&P 500 have dartedRead more
Google (GOOG) Pushes 6 Bills, Seattle G (SEGN) Under $20
9:00am (EST) Things started off well for the bulls as better-than-expected earnings and so-so economic news provided a little pop on Thursday’s open. However, as the day progressed, the bears took control to make it 3-to1 for the week as the market finished lower and the S&P Volatility Index (VIX,Read more