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Not much news overnight besides the usual Spanish yields rising and other rumblings out of Europe. The China Debate continues and today starts Earnings season with Alcoa. The Media loves to emphasize the importance of AA but we all know it’s a non event. Futures are 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…
Yesterday was a tough one as many traders got abused as market was weak most the day and intensified to the downside after the Fed minutes, then rallied in the last hour. That last hour rally probably got some guys out of their shorts and baited in Read more…
It’s hard to argue with someone who just won’t see the facts for what they are. Over the weekend, I was talking to an acquaintance about the stock market. He said he didn’t believe we were in a bull market. “The stock market has doubled in 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…
Maybe there is a fat finger trade this morning, as the S&P futures are down 7-9 handles. Yesterday, Bank of America had its first down day after 5 strong to the upside and already the street was blaming it on talk of a secondary.This makes me 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 higher Thursday morning ahead of a clutch of data including manufacturing activity and jobless claims. It has been a quiet morning as the big bond debate is taking place across the world. Everyone is trying to figure out the Read more…
Futures are slightly lower Monday morning, taking cues from overseas markets. A surprising China trade deficit and the wait for final approval of the Greek bailout have curtailed risk appetite slightly. Markets closed almost where they started last week, but Read more…
NASDAQ:QQQ, NASDAQ:QQQQ, NYSE:GLD, NYSE:OIH, NYSE:SPY, NYSE:XHB
Futures up this morning after the markets experienced their worst fall of 2012 on Tuesday. The Dow had yet to register a triple digit loss this year, and yesterday fell more than 200 points. Private bondholders have yet to agree to terms of a debt swap with Read more…
US stock futures are down are 0.9% Tuesday, following through on yesterday’s underlying weakness. The never-ending Greece saga is plaguing the market once again amid renewed concerns that the nation and its bondholders may not meet an Read more…
NASDAQ:QQQ, NASDAQ:QQQQ, NYSE:DIA, NYSE:GLD, NYSE:OIH, NYSE:SPY
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…
NASDAQ:QQQ, NASDAQ:QQQQ, NYSE:DIA, NYSE:GLD, NYSE:OIH, NYSE:SPY
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
Futures are bouncing a bit this morning after yesterday’s rare 2012 distribution day. When you get a “day to take notice” it is important to take note of the action over the next few sessions. Often they can lead to more weakness, but 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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