We’re back to the beginning of earnings this week, and they kick off with Alcoa. It’s a light calendar, but we do have JPMorgan at the end of the week. I don’t see a lot of A+ trades out there right now....
Read MoreFutures are pointing to a weak open as numbers out of China continue to point to a hard landing and Spanish yields close in on historic highs. The 10-year yield climbed above 7%, whcih pretty much priced them out of the private...
Read MoreWe saw a worse than expected jobs number today, and the markets came down. The economy is not looking great from a macro or fundamental point of view, and today was the worst decline since June 21 and the worst weekly...
Read MoreThe market is down 17 handles and the Dow is down 190 coming off the bad unemployment number this morning. It has continued to slowly bleed lower basically since the large gap down at the open. We are now flirting with taking...
Read MoreThe SPY has gapped down about 10 to 12 handles this morning after a poorer than expected jobs number and carried much of the market lower with it. The consensus was for 100,000 new jobs, but numbers came in at only 80,000. Many...
Read MoreThe markets edged down slightly ahead of the June jobs numbers tomorrow, despite numerous pledges of central bank support and a Chinese interest rate cut this morning. The Dow and S&P were both down less than 1%, while the...
Read MoreAmazon broke out of a flag in the $216-$218 range, and then flagged and broke out again in the $221 range. Now it’s sitting at resistance, and if it can back and fill for a few more days, a move past $231 with volume could...
Read MoreMarkets have been enjoying a nice rally since last Friday’s EU summit, even though it seems like 95% of the news has been negative since then. The markets have ignored it all, and hopes for more stimulus and market...
Read MoreWe have turned to a stock picking market after the hint of reversal Thursday and the big gap up on Friday, and many of best in breed are now playing catch up. Today is a half day, so expect muted action. There are, however, some...
Read MoreSeems like everyone brought down their yearly targets for the S&P today, yet markets digested Friday’s move pretty well. SPY held support #1 of $135.55 from this morning’s chart. The high of the day was $136.65....
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