9:00am (EST) The market got a huge pop to start the week despite a looming Fed meeting that would take center stage midweek. We aren’t sure what the Vegas odds of a taper cut were but Wall Street had the Fed as 10-to-1 favorites to cut back on its monthlyRead more
Bears Strike Late on Quadruple-Witching
Bulls Take a Breather
Market Mixed After Bernanke Grand Slam/ New Trade!!!
Market Up on Fed Watch/ New Trade!!!
Thank Larry For the Breakout
Bulls Looking For a Breakout
The bulls followed our game plan and rallied through resistance to start the week with Tech pushing new 52-week highs. We mentioned at the beginning of the month the bulls could rally in September following a bearish August through the 9/11 anniversary of the terrorist attacks on our nation. WeRead more
Market Mixed, Zombies on Deck
1:10pm (EST) The bulls are trying to put a cherry on top of this week’s rally following yesterday’s slight pullback but Tech has been lagging and today’s close will be important. The charts are showing some topping action as Wall Street prepares for an important next week. The bulls madeRead more
Capitulation at the Top/ New Trade/ Profit Alert (DMND)!!!
Bears Say Not so Fast
1:05pm (EST) Futures were slightly weak as we hit the rack last night ahead of the European open suggesting a lower open this morning but had recovered ahead of this morning’s Nonfarm Payroll report. Wall Street certainly traded off the headlines as the Unemployment Rate dropped to 7.3% from 7.4%Read more
Bulls Up for the Week, Futures Up
9:00am (EST) As we expected, the market ended flat on Thursday with a bias to the upside as Wall Street awaited this morning’s Nonfarm Payrolls report. Before we cover the numbers, let’s look at where the yesterday’s numbers. (continued…) **************************** If you are not a subscriber but would like toRead more