DSW’s shares plunged 11.5% in pre-market trading after the company projected weak second quarter earnings, that latest in a string of bearish reports from the retail sector over the last several weeks. The shoe and purse...
Read MoreMarkets are digesting last week’s gains pretty well. On a complicated level it’s hard to be long. If you dummy it down, SPY held the level it should have (even higher than longs expected). Support#1 listed was...
Read MoreThe Greek elections took place without a the “leave the Euro” outcome that was starting to look increasingly possible. Now it’s time for Greece to face reality by collecting some taxes and potentially selling...
Read MoreThe summer traveling season gave a nice boost to online-travel sites. Stocks such as Priceline (PCLN) and Tripadvisor (TRIP) have been on traders’ radars, but Expedia (EXPE) has been the best-in-breed, clearly outshining...
Read MoreWe’ve had a lot of up and down days so far this week. Now, what happens this weekend will determine what direction the market takes next week. From what I saw this week, I think we’ll be heading higher, but I...
Read MoreEnjoy your Father’s Day weekend! May your steaks be seared on the outside and pink and juicy on the inside; your corn on the cob drenched with butter and layered with salt; and your beverages cold and plentiful . We wake...
Read MoreAfter posting modest gains during premarket trading, Microsoft (MSFT) is aiming for big gains on Friday amidst both positive and negative news about the tech mogul’s services. The Wall Street Journal announced earlier...
Read MoreInternational markets are up across the board this morning, as are US stock futures, following reports late yesterday of coordinated central bank activity by the G20 countries. The mooted plan would guarantee liquidity in the...
Read MoreStocks continue to trade back and forth in a range for the sixth straight day, but threatened to break out in the afternoon after reports of a plan for massive coordinated liquidity efforts if Greece’s elections this...
Read MoreToday is just a continuation from yesterday: there is no volume so there is no commitment. We are still in the middle of an inside day–a day where we have stayed entirely within yesterday’s highs and lows–which...
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