Stocks roared higher Friday, inspired by a strong earnings report from JP Morgan (JPM), which looks to have finally put its London Whale trading loss behind it. JPM finished the day up almost 6%, lifting the entire banking...
Read MoreThe market is surging a bit stronger than most expected, being spurred on by JP Morgan (JPM)’s positive earnings report. Markets held that strong thread that has been holding the market up at each key support area....
Read MoreHopefully today will be a painless day and we’ll all make some money. Just remember to keep things short and quick. Yesterday, most stocks ended lower, but did try to crawl higher after the big gap down to start the day....
Read MoreFutures are up a bit after one of the longest losing streaks of the year. It seems like we’re oversold enough for some type of bounce, but my gut tells me it won’t be much. The SPY is trading around $134.00 as I...
Read MoreThe market opened lower with a big move to the downside within the first 15 minutes. Since then it has been grinding higher most of the day. The low of the day in SPY is $132.60. As of now we are trading back above...
Read MoreUS stock futures point to a lower open this morning after the minutes of the Federal Reserve’s last FOMC meeting gave no hint that a further round of monetary stimulus was coming. Stocks closed lower on Wednesday, and the...
Read MoreWe often report that the market closed the day flat, and that usually indicates a negligible loss or gain. But today, when we say the S&P closed flat, we mean it literally! The index closed unchanged, while the Dow and...
Read MoreMarkets tried a feeble bounce early on, but didn’t get much traction. The SPY high of the day as of now is $134.60, low of the day is $133.99. Under this you have $133.68. Very tight action with no momentum in either...
Read MoreYesterday, we gaped up and then sold off all day. It makes me a little nervous for today, as I wait and see what earnings will continue to bring us this week. SPY did break $134.85 which I spoke about yesterday and went all the...
Read MoreFutures 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...
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