DAILY TRADING ADVISORY 24-July-2009 ATT, 3M and Ford better than expected results, Initial Claims up to 554K, Continuing Claims lower and Existing Home sales up 3.6%, better than expected gave way to a strong rally. After hours,...
Read MoreDAILY TRADING ADVISORY 23-July-2009 Morgan Stanley wider than expected loss, Wells Fargo bad mortgage loans increased, stocks struggle for direction. Nasdaq extend its rally for the 11th consecutive session but markets closed...
Read MoreDAILY TRADING ADVISORY 22-July-2009 Bernanke said FED policy remains focused in economic recovery. CIT: bankruptcy stills a possibility. ECONOMIC DATA 10:35 AM Crude Inventories YESTERDAY’S MARKET After reaching 956.25...
Read MoreDAILY TRADING ADVISORY 09-July-2009 Markets fall following lower oil prices and earnings concerns but recovered into the end of the session closing mixed for the day. ECONOMIC DATA 8:30 AM Initial Claims 10:00 AM Wholesale...
Read MoreDAILY TRADING ADVISORY 08-July-2009 Markets sell off on earnings and economy recovery concerns. ECONOMIC DATA 10:35 AM Crude Inventories 3:00 PM Consumer Credit YESTERDAY’S MARKET After trading at 898.00 during the Globex...
Read MoreDAILY TRADING ADVISORY 07-July-2009 U.S. service industries, ISM increase to 47, higher than forecasted and the best level in nine months, but markets stood under pressure during all the session but bounce into the end of the...
Read MoreDAILY TRADING ADVISORY 1st-July-2009 World confidence improving, Home prices continue to drop, but less than expected, as foreclosures rise. Chicago PMI increases to 39.9 during June and Consumer Confidence declines as job...
Read MoreDAILY TRADING ADVISORY 30-June-2009 Bernie Madoff gets sentenced to 150 years in jail. VIX drops to lowest levels since Lehman collapse ECONOMIC DATA 9:00 AM Consumer Confidence 9:00 A&P CaseShiller Home Price Index 9:45 AM...
Read MoreDAILY TRADING ADVISORY 29-June-2009 Personal Income up 1.4% on stimulus checks and Personal Spending up .3%, Consumer sentiment slightly better than expected; markets fluctuated in a narrow range. WEEKLY PIVOTS FOR WEEK ENDING...
Read MoreInitial Claims higher than expected at 627K, Continuing Claims at 6.73 million and the 1Q GDP final numbers at minus 5.5%; Bernanke says Central Bank acted with “highest integrity” in Merrill deal. Markets rallied...
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