2:10pm (EST) We have been warning of a possible selloff or a test to new lows and today’s action could be the start of something more serious. Futures were slightly higher when the overseas markets opened but took a turn for the worse once Germany reported higher unemployment numbers. TheRead more
Market Pulls Back
Market Succumbs to Selling Pressure
Fed Speak Hits Wall Street at Lunch
Bulls Crack Resistance
1:15pm (EST) The bulls are pushing the market higher as they march towards our upper-end resistance targets. While we admit we are rather surprised by the rally, we still don’t trust it. Today’s rally is on hope the Federal Reserve will extend their “Operation Twist” program which involves buying andRead more
Market Ends Mixed Despite “Positive” Greek Election
Futures Slip on Greece Election Outcome
Bulls, Bears and Zombies All Along the Watchtower
More Pain From Spain
Market Bends but Doesn’t Break
9:00am (EST) Wall Street experienced another volatile session on Wednesday’s as the action produced major price swings that pushed both short-term support and resistance levels. The Dow fell 7 points, or 0.05%, to finish at 12,496. The blue-chips kissed a low of 12,311 after opening at 12,501 but managed toRead more