The SPDR S&P 500 ETF (NYSE:SPY) which mirrors the S&P 500 has a classic head and shoulder pattern developing. A head and shoulder pattern is a bearish pattern. The neck line of the head and shoulder pattern must be...
Read MoreThe markets were nicely higher this morning on the back of solid earnings from JPMorgan Chase & Co. (NYSE:JPM), a solid drop in Jobless Claims to 405,000 and yesterdays comments from Ben Bernanke that QE3 was possible. As...
Read MoreThis morning, all of the major stock indexes are rallying higher. The rally looks to be broad based as most stock sectors seem to be participating. The Powershares QQQ Trust(NASDAQ:QQQ) is trading higher by 33.cents to $58.09 a...
Read MoreThis morning, the major financial stocks are trading higher leading the major stock indexes higher. Before the opening bell, J.P. Morgan Chase & Co.(NYSE:JPM) reported earnings that were better than expected. The earnings...
Read MoreJust when you thought it was safe to trade the markets, it reverses lower. This morning, many traders and investors in the financial media were right back into the risk on mode. The popular peoples index, called the Dow Jones...
Read MoreAs the markets shoot higher on QE3 prospects, many stocks are outperforming or look ready to blast higher. Let’s take a look at a few. First, notice how the U.S. Dollar is collapsing today. This is helping commodity stocks...
Read MoreThe markets surged today as Ben Bernanke testified on Capitol Hill. The reason for the monster surge in the markets was due to his preliminary comments on the possibility of QE3. As of today, QE3 is definitely a possibility. The...
Read MoreThis morning, the chairman of the Federal Reserve, Ben Bernanke, is testifying in front of the House Financial Services Committee. Chairman Bernanke has hinted that further stimulus could be needed if the market starts to slump....
Read MoreThe major stock indexes have caught an early bid higher this morning. Many Investors and traders are likely thinking that Ben Bernanke will say something positive when he begins his Humphrey Hawkins testimony this morning....
Read MoreThis afternoon, the Federal Reserve released their minutes from the June meeting. Apparently, some voting members from the Federal Reserve suggested that the stock markets needed more stimulus. Well, this Fed rumor lead to a...
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