2:15pm (EST) The battle at Dow 16,000; S&P 1,825; and Nasdaq 4,200 continues with the bulls reclaiming and holding these levels as we head into the final few hours of trading. We were pleasantly surprised when we arrived to the office this morning as the power was on and didn’t
Bulls Reclaim Resistance/ New Trades!!!
Blue-Chips Hold 16K, Tech Recovers
9:00am (EST) We were up late on Wednesday (as we always are) watching the overseas market and doing a ton of chart work because we wanted to confirm our gut feeling the bulls still had something left in the tank. Although the headlines and slick talking pros have been calling
Momentum Favoring Bulls
8:40am (EST) After getting their first weekly win in a month, the bulls were anxious to keep the ball rolling going into Monday’s session. The momentum was already there with the NYSE opening as scheduled after saying good night to Irene. The bears, of course, were hoping for a different
You Can’t Always Get What You Want
12:25pm (EST) There was a lot of tension heading into today’s speech by Federal Reserve Chairman Ben Bernanke as the bulls and bears were hoping for different results. The bulls wanted possible hints of another stimulus package while the bears were hoping for nervousness and panic on the Fed’s part.
Futures Pointing Towards Sharply Lower Open
9:05am (EST) When we went over the charts in our Weekly Wrap for the major indexes on Sunday, we knew the market could go either way this week heading into today’s highly anticipated speech from Federal Reserve Chairman Ben Bernanke. The bears appeared to have the momentum following last week’s romp and the indexes were
Bulls Struggling to Hold Gains
2:00pm (EST) Futures were weak in overnight trading and when the overseas markets opened this morning for trading after the Moody’s downgrade of Japan. Dow futures were down triple-digits when we hit the rack last night and had improved once we started to settle in for today’s trading. The market
When the Walls, Come Tumbling Down
9:10am (EST) It was a crazy day at the office to say the least and we topped it off by playing a little John Mellencamp into yesterday’s closing bell… We mentioned the bulls could “climb a wall of worry” this week and Tuesday’s 3% push literally shook our office walls.
A Walk Down Memory Lane
1:30pm (EST) No one knows when the Financial stocks will bottom and we doubt we have seen the lows for 2011, but we are getting close. Here is a walk down memory lane from some of our past articles on the Financial stocks as we look at the uptick rule