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The Bulls are having a very impressive 2012 season so far! They have been typically playing on the road in very hostile environments. They thrive as Road Warriors, taking on and “us against the world” attitude (climbing the wall of doom). Each game, Read more…
Futures are up a bit this morning as German and French GDP came in better than an analyst expectations. The numbers weren’t stellar, but no one was expecting them to be. The Euro strengthened as the Yen Read more…
Futures are quiet this morning as markets are doing a great job of digesting recent gains at these higher levels. The Bears call it stalling, the bulls call it digesting! (POLL: What do you think, digesting or stalling?) I’m in the digesting camp as the Read more…
Futures have bounced back and forth in a narrow range this morning, but still point to a slightly down open as investors weigh new data out of China. China reported this morning that factory output fell to three year lows and the consumer price index Read more…
The rhetoric about investors not making a dime in the markets or the lost decade is starting to get old, as the S&P flirts with 1400. Bill Gross and Roubini keep making their rounds about how the equity markets are dead, which is not very constructive for those Read more…
Markets closed out a very interesting week near the highs even after the constant flow of announcements and events out of the Fed and ECB. It caught a lot of bears by surprise and some bulls flat footed. Lots of stocks woke up after earnings this quarter, giving us a Read more…
All you had to do is sell every time you heard the word “may” or “short” every time you heard the word “possibly”. The markets needed and wanted more, knowing what to listen for with a plan helped to add indices shorts to neutralize Read more…
Futures are up a bit after yesterday’s quiet action. The markets did a good job digesting last week’s powerful gains as the Fed starts its two day meeting. Statements will be released on Wednesday at 2:15. On Thursday, the ECB’s Drahgi will have his Read more…
Futures went from -7 handles to up 10+ handles in a few minutes when ECB President Mario Draghi said policymakers will do whatever it takes to preserve the Euro. I guess Europeans can take their usual six week vacations, head to the beach, and have Read more…
It’s pretty comical that the futures are up four or five handles as you scroll through the headlines: “(NASDAQ:AAPL) logs a rare earnings miss.” “Spain, Italy: too big to Save?” “Europe Factory Read more…
Markets are still using the road map they created since the June 4th lows. We opened below the Intermediate trend line, then closed above it, and we are currently about halfway off the lows. Those embracing this pattern are making less but are not Read more…
Today should be another fun day as Bernanke moves from the Senate to the House! I’m sure it will be humorous to watch these guys who can’t overcome our broken political system to get a single thing done in Washington try to make Read more…
Futures are up 4-7 handles ahead of Big Ben’s testimony before Congress today and tomorrow. Yesterday was a somewhat constructive but typical inside day after Friday’s big move. The news rolling in continues to be negative, but the market Read more…
Futures have been quiet, but are off just a bit. Some digestion makes sense after the size of Friday’s gains. On Thursday, markets briefly broke below $SPX 1330-1333, but closed above it, relieving some pressure for a slight outside day. (NYSE:JPM) Read more…
Futures are up a bit after one of the longest losing streaks of the year. It seems like we’re oversold enough for some type of bounce, but my gut tells me it won’t be much. The SPY is trading around $134.00 as I write this. Above yesterday’s high of $134.10, there could Read more…
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