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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…
US stock futures point to a lower open on Wall St Wednesday, weighed down by further debt woes in Europe. Futures had staged a slight bounce from overnight lows, but are now heading back down to those levels. The principal focus has Read more…
US stock futures are lower Monday morning after China lowered its economic growth target. The symbolic 8% growth rate has been targeted for the past eight years in China, but over the weekend they lowered that rate to 7.5%. Chinese Premier Wen Jiabao said 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…
Jim Trippon: With recent earnings reports from casino stocks Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN), many investors are focused as much or more on Macau than the city of Las Vegas. Macau, a special administrative region in China, is a peninsula and islands roughly 40 Read more…
US stock futures point to a higher open to kick off February, rebounding from yesterday’s lackluster intraday action. We have seen two gap ups sold aggressively over the last two weeks, and today traders will be watching to see if the market can hold these overnight gains. Strong Read more…
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…
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…
Global markets are charging higher Thursday after European leaders agreed to a wide ranging deal to lessen Greece’s debt burden, recapitalize troubled Euro banks, and increase the firepower of the EFSF. S&P futures are 25 handles higher, taking the index to 4th quarter highs. The deal is not perfect, but there is Read more…
(NYSE:SPY) premarket went as low as $119.15- which was around the low from last Thursday that held at$ 119. I scooped up some small SPY below 119.50 premarket. Will trade it vs. the premarket low. (NYSE:BAC) and (NYSE:GS) are now up! See if they can hold. If they do, this can be a good for the indices. GS above $98.50 is a big victory, if it can hold for more than 60minutes perhaps it gets frisky. I also scooped some (NYSE:XLF) Read more…
The market held in very strong yesterday, bouncing off the most shallow retracement level. When the market doesn’t get even a re-test of secondary support, it is an extremely bullish sign. We outlined the 1187-1195 area in the S&P, and this morning we are back knocking on that 1220 door Read more…
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