As the market continues to grind higher I hear more and more from traders about the lack of opportunity. Honestly I think these traders are looking for an excuse as to why they are not making money. This market...
Read MoreAnd the hits keep coming for Greece. Today, Ratings agency Moody’s downgraded Greece’s sovereign credit rating from A2 to A3. They also placed it on review for further downgrades. The Euro sank to 11 month lows...
Read MoreI’m reminded of the scene in the movie “Fight Club,” when Edward Norton is speaking to a woman on a plane and tells her about the formula his automotive company uses to figure out if they should recall a...
Read MoreRecently with some of the breaking news that has hit the market(Goldman Sachs) the volatility in the market has increased. The important thing to realize is the market will still trade in the direction of the higher...
Read MoreAs in previous blogs, I have been keeping track of the progression of the Greece bailout. The US markets have been going up as the Euro is strong against the Dollar. Right now not even a spike in jobless claims can keep the US...
Read MoreJP Morgan Chase (JPM) today before the bell beat earnings estimates and reported a quarterly profit of $3.3 billion or 74 cents a share, compared with $2.1 billion or 40 cents a share, a year earlier. Being the first bank...
Read MoreNational Oilwell Varco, Inc ($NOV-oil/natural gas equipment company) opened the day down .19c from the previous day’s close. A brief history, the day before I had been trading it long after a pullback from a break of...
Read MoreAs traders we are always looking for an edge in our trading. DOW yesterday had very nice buy momentum during the morning session as it broke through its daily resistance around the 30.80 area. Closing near the highs of...
Read MoreThe IMF and the euro-zone agreed last month at the European Union summit to give bi-lateral loans to Athens. A report released by Market News International said that Greece was seeking to amend the plan to avoid having the IMF...
Read MoreThe casino stocks showed great buying pressure in today’s price action with LVS, MGM and WYNN all make new 3 month highs. I follow LVS the closest which had a great morning session with a strong ORB which...
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