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Futures are up a bit as yesterday, as we had a huge travel range from yesterday’s morning high to the close. There are, however, some pretty ugly candles after the IBD put the overall market back under pressure. Many momentum leaders are starting to Read more…
PMI data overnight continues to confirm the thesis that economic growth is slowing around the world. As everyone starts to talk and clamor about it, something usually Read more…
Larry D. Spears: Before yesterday’s Thanksgiving leftovers even got cold many U.S. consumers ventured out to catch the best Black Friday deals, already worried about how much this holiday shopping Read more…
Stoyan Bojinov: Stocks lost steam on Thursday after investor confidence in the markets took a hit as JPMorgan’s earnings missed analyst expectations, sparking a sell-off in the financials sector. The Dow Jones Industrial Average and S&P 500 both finished the day in slight red territory, while the NASDAQ Read more…
S&P futures are up 7-9 handles this morning, going for the 4th day of this rally. There isn’t much new to report on the news front, which is probably why the futures are higher. Overseas markets followed the US gains, and there are no new developments in the Greek debt saga. S&P resistance to watch if we can get there stands at 1198-1202, and then the recent highs of this Read more…
Markets are trying to hold onto gains for a second straight session after soaring on strong jobs data from ADP and improving jobless claims numbers, as both data points suggest the US economy could be exiting a recent soft patch. Private-sector jobs in the U.S. rose by 157,000 last month, according to giant Automatic Data Processing (ADP), while new claims for unemployment benefits dropped by 14,000 Read more…
Thus far, this week has been quite sour for investors, as markets have been reacting poorly to data from all around the world. With the dollar trending back and forth, commodities have taken a Read more…
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