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Overseas markets are bouncing back from what has been a multi-week decline for most foreign indices. The U.S markets have been down for 5 days straight, bringing the McClellan Oscillator to screaming oversold levels (-95). These readings typically Read more…
Futures are pointing to a much weaker open after Friday’s disappointing jobs info. But, the market’s composure already changed well before that Good Friday release. The news potentially made it a bad holiday weekend for some traders, and for Read more…
European stocks rose early in their session, but have retreated a bit this morning. They were set for their first rise three days, but it appears persistent fears about the China growth are weighing on the market. US stock futures are weakening late Read more…
US stock futures point to a lower open after some soft news out of Europe raising some slow growth concerns. Yesterday’s action was impressive based on Wednesday’s distribution day as this market continues to be very resilient. Banks Read more…
ETF BASIC NEWS, NASDAQ:QQQ, NASDAQ:QQQQ, NYSE:DIA, NYSE:OIH, NYSE:SPY
US stock futures point to a higher open on Wall St Thursday, following gains in European markets. Overseas markets today got their first chance to react to the Fed’s decision to keep rates near 0% until late 2014, and most are up more than 1%. Commodities also Read more…
US stocks are opening slightly lower on Friday, digesting a slew of corporate earnings and focusing an eye on the debt talks in Greece. Google (NASDAQ:GOOG) missed EPS last night by $1 and the stock is trading sharply lower, although off last night’s lows. The market, Read more…
US stock futures point to a lower open on Wall St Friday after disappointing earnings results from JP Morgan (NYSEArca:JPM). The banks had a strong run into the report, but JPM could not deliver as revenue fell 18% from the year ago period. JPM stock is off almost 4% this morning, dragging Read more…
S&P futures are about 9 handles higher Thursday morning hitting 5-month highs after European debt auctions in Italy and Spain gave investors cause for optimism. More US economic data is on tap this morning as well with retail sales and jobless claims, hoping to extend the recent run of positive news. The ECB didn’t Read more…
US stock futures are unchanged this morning as investors remain cautiously optimistic about Europe and continue to digest corporate earnings. Tomorrow, European leaders will once again convene to try to put together a plan to address the region’s sovereign debt crisis. While to this point there has been much talk and little action, investors seem to Read more…
UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for two ETRACS Exchange Traded Notes (the “Internet IPO ETNs”) linked to the performance of the UBS Internet IPO Index (the “Index”). Investors now have the ability to gain either unleveraged or leveraged exposure to a portfolio of Internet-related companies that have gone public within the last three years, all by way Read more…
US stock futures point to a lower open Monday following another constructive week for the market. Despite a crumbling Eurozone and a dismal labor market in the United States, stocks have rebounded remarkably over the last two weeks. With QE2 over, the surge is either a reflection of the opinion that economic activity is close to picking up, or that some version of QE3 is coming. Not much resolved was Read more…
US futures gain 0.4% ahead of key US economic data on jobless claims, retail sales and crude inventories that should update investors on the state of the American Read more…
The markets have had a very nice three-day move into the end of Q2, and futures are set to open higher once again this morning. While the rally started in earnest this week, the importance of last Thursday’s reversal cannot be understated. Up to that point, leading stocks had been getting hit much harder than indices, which is decidedly bearish action. Thursday, those leading stocks began to perk up, and we Read more…
US stock futures are sharply higher Wednesday morning as it looks increasingly likely that Greek lawmakers will improve austerity measures in order to pave the way for another bailout package. Read more…
Yesterday we laid out three possible scenarios for this market to bounce, and this morning it Read more…
| INDU | 0.00 | |||||||
| NASDAQ | 3052.82 | |||||||
| S&P 500 | 1434.11 | |||||||
| DIA | 133.32 | |||||||
| SPY | 143.70 | |||||||
| QQQ | 66.91 | |||||||
| GLD | 171.359 | |||||||
| SLV | 32.9288 | |||||||
| XLF | 16.04 | |||||||
| UNG | 23.305 | |||||||
| USO | 34.26 | |||||||
| VXX | 35.0201 | |||||||
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