Markets opened close to flat and sellers seem to be leaning on the S&P’s since then. Philly Fed was Gross, but I guess the grosser you get the more the stimulus guys come knocking. Some stocks acted well during that...
Read MoreMarkets are still using the road map they created since the June 4th lows. We opened below the Intermediate trend line, then closed above it, and we are currently about halfway off the lows. Those embracing this pattern are...
Read MoreMajor US indices finished the day down around 1%, but after a big gap down and early weakness, the final result Monday can be considered a coup for the bulls. The S&P fell into but once again held the lower trendline of the...
Read MoreHi, I’m Steve Levay and I’m a trading addict. I’ll admit it. Nothing gets the adrenaline pumping like that 9:30am opening bell. I love to sit at my desk and watch the up and down ticks of the market all day...
Read MoreThis morning I woke up and saw the market was down 15 handles and the SPY fell as low as 25 points before rallying to the point where we are now down 20 points. During this halftime report, I am going to walk through two...
Read MoreOn Friday, we saw the Nasdaq and Dow fall into negative territory for the month of July, but the S&P managed to hold on by a thread. Today, futures are down again across all indices this morning following renewed worries...
Read MoreA rash of selling on worries over the European debt crisis and American earnings have put the major indices on pace to break a streak of three straight days of gains. The Dow fell 129 points and the Nasdaq dropped just over 34...
Read MoreBy: Vanessa Han Chipotle Mexican Grill (CMG) went into freefall after reporting its earnings after hours yesterday, and couldn’t stop the bleeding during the session The stock went down more than 20% before the open and...
Read MoreThis morning, we gapped down about 9 or 10 handles at the open, and have continued to fade since. Today, I’ve been watching a couple of earnings plays. First, Intuitive Surgical (ISRG) gapped down and has been rejected...
Read MoreMarket was under pressure early, low of the day is $136.67 right above Support 1. The Transports and Russel were the weakest groups. Overall, I don’t see much damage if the mornings low is what contains today’s...
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