Today is a pivotal day that could start determine the trend in the market. The only wildcard is quad witching OpEx on Friday, which could lead to some choppiness. The market was down on Monday, tech led the bounce yesterday and...
Read MoreBoeing (BA) surged 3.5% today after Bernstein upgraded it “outperform” increasing the price target to $92 from $85. The firm boosted the aircraft makers rating from “Market Perform” to...
Read MoreStocks staged a broad rally and rebounded nicely from yesterday’s sell off after positive news from both the Federal Reserve and the European Central Bank. The Dow Rose 162 points and the S&P was up just over 1% and...
Read MoreZynga (ZNGA) has fallen just over 11% in today’s trading after the Wall St. Journal reported the results of a comScore survey that showed declining growth in the number of US Facebook users. Zynga, an online gaming...
Read MoreThe market opened positive this morning after Monday’s reversal giving traders the opportunity to fade the open. Traders looking for continuation moves to the downside or upside aren’t being rewarded as the SPY...
Read MoreWe saw about a 40 point move overnight in the S&P and about a 200 point move across the board yesterday. There was a significant reversal, which means we are not ready to move higher quite yet. I expect us to continue to...
Read MoreUS stock futures point to a modestly higher open Tuesday following Monday’s stunning reversal. Futures were sharply higher Sunday night after a Spanish bank bailout was announced, but gave back all of those gains and more,...
Read MoreToday we saw the importance of sticking with a thesis instead of chasing the headlines. If you didn’t abide by your strategy and buy when the S&P recaptured the 200 or the weakness on Friday with the reversal set up,...
Read MoreThe Markets have been a sale since the open after SPY $134.20-134.70 was rejected pre-market. They sold the Spain news quickly, a very telling sign. In the afternoon things have started to unravel a bit more as Apple (AAPL)...
Read MoreToday is a great example of why staying objective is such an important aspect of a successful trader. As a technical analyst, I use what the charts are telling me instead of reading into the headlines and trading on...
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