12:35pm (EST) The market got a slight bid at the open as the bulls added some fluff to yesterday’s gains but the action has been choppy as we head into the second half of trading. Economic news favored the bears this morning which slowed the 2-day momentum and tomorrow’s July
Bulls Struggling at Resistance
Bears Make a Move
12:45pm (EST) The market opened sharply lower this morning as crude prices soared while protests in Libya have caused some nervousness on Wall Street. The rising political turmoil in the Middle East has pushed oil to $94.48 per barrel, up $4.77, today while a weaker-than-expected S&P Case-Shiller number put the
M&A Activity Fails To Inspire Bulls
1:00pm (EST) The market is trading lower as we head into the second half of action today despite the flood of merger and acquisition (M&A) news. With the lack of economic news and little in the way or earnings, the bulls seem content on holding recent support levels as they map there next move.
Potash (POT) Pops on Takeover Bid, August Call Options Up 7,650%
1:20pm (EST) The bulls are trying to run today and have taken the market higher despite a downbeat report on housing. Other economic news has helped take the spotlight off the sector and merger and acquisition (M&A) news is also keeping the bears at arm’s length. The market also got