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US stock futures are higher Friday morning after Greece delivered on its crucial debt swap with private creditors. Participation was high enough to trigger collective action clauses, ironing out the final stumbling block before the debt-riddled country can Read more…
US stock futures are marginally lower Wednesday as the debt ceiling issue remains unresolved. To this point the market has held up reasonably well in the face of a disastrous default, and it appears 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…
S&P futures are down about 10 handles this morning as we come into the crucial area that must hold for the bears to maintain much hope for the short-term. After a choppy week with mixed action, we will get some key earnings from some more banks and momentum names this week. The tech sector got a big boost last week from Google Inc. (NASDAQ:GOOG) earnings, which blew out estimates, sending the Read more…
US stock futures point to a higher open on Wall St Wednesday, following an afternoon drop yesterday that ensured a 4th consecutive down day for the market. Indices grasped to hold their 50-day moving averages yesterday, but most leading stocks are still holding above their 10day or 20day moving averages. This tells me, you Read more…
Markets opened sharply lower yesterday and really never looked back. Some strong stocks tried to hold higher like Friday but it felt different; they couldn’t absorb the pressure. SPYs tried to hold the 50day moving average “zone” around $131.80-132.10. They took out this area last night and we are set to open about 12-14 handles lower as the Read more…
Emerging market funds kept shedding money this week, but a revival in commodity prices gave some regions a bit of welcome upside. Read more…
S&P futures overnight hit as low as 1303, but has pared some of those overnight losses this morning as we are now set for only a marginally lower open. Despite bouncing slightly this morning, the composure of this market remains bearish. Global headlines, especially from Europe, are one again starting Read more…
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