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A term I’ve heard from a lot of traders this weekend was “cautiously confused”. Lots think that Europe is a big problem and ready to take a turn for the worse, but equity markets are still acting well. This is when you leave your “opinions” at the Read more…
Larry Edelson: The disaster in Europe (NYSEARCAQ:VGK) should be pushing the U.S. dollar (NYSEARCA:UUP) up more than it is. But it’s not, and that has me deeply worried … Read more…
US stock futures point to a higher open Tuesday, looking to bounce back from yesterday’s break of the mini-uptrend line started on April 10. Worries over the European sovereign debt crisis are ramping back up as borrowing costs in Read more…
Everyone is looking for the biggest factor why we are down this morning. There are many contributing factors that have added up in the last few weeks. Obviously this weekend there was the “election news” and some signs of more Read more…
Yesterday Tech finally had some power as the market snapped back to some broken trend lines. What was perceived as a decent Spain debt auction and headlines of a positive U.S earnings helped propel the market higher. Add an impressive Read more…
Futures are up a this morning as the markets go on Day #2 of the oversold bounce. McClellan Oscillator went from (-92ish) to (-50ish). We are going from extremely oversold to just mildly, so this type of feeble bounce can continue until we 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…
Markets have been under pressure since Tuesday when the Fed released minutes stating that they would be less accommodative with monetary policy. It doesn’t help that Spanish yields are rising and European negative headlines are growing louder. Last week I mentioned Read more…
Markets started off slow yesterday and then Apple (NASDAQ:AAPL) lead it higher. We did stall in the last hour. Today, futures are off a bit but nothing to worry about as of yet. All eyes will be on Fed minutes today as well as some auto numbers. The Read more…
Last week was a powerful one for the markets, as most sectors are in multiyear highs or approaching them. Transports played a bit of catch up as did the Russell and the energy complex. Tech, home builders and banks lead the 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…
Round two of cheap money from the ECB took place with high demand, and futures are slightly higher as a result. The take up was around 529.5 Euros, a bit more than expected. Some this say this is a sign of weakness, but I think these banks are just Read more…
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