Seems like Big Ben said the world is in a heap of trouble as the deleveraging is taking place. The Printing Presses around the world do not have the right ink and most countries are just piling debt on debt. It’s not...
Read MoreComing off of the large rally yesterday, more good news caused yet another gap up for the market today. China cut interest rates, Europe remained relatively stagnant, and the jobless rate numbers came in lower than expected, so...
Read MoreUS stock futures point to a higher open Thursday, entering the third day of what has been an impressive oversold bounce. THe ECB really didn’t make any substantial moves yesterday as it seems they want the Euro Zone...
Read MoreOne of the world’s largest casino owners, Steve Wynn, is taking a gamble with his company Wynn Resorts Ltd (WYNN) by building a $4 billion dollar casino in Macau, the former Portuguese enclave that has become a major...
Read MoreThe market paused at Resistance 2 before a strong push into the close. All major indices finished up more than 2.3%, a strong bounce back day for stocks after a very weak close to last week. While we have talked about this spot...
Read MoreStocks in mattress manufacturers have taken a beating this morning after poor reports from Tempur-Pedic International (TPX) and Mattress Firm Holding Corp. (MFRM). Tempur-Pedic is down over 46% so far today after reporting that...
Read MoreMarkets pushed to the top end of Resistance #1 and SPY made a high of $130.87. I think most guys who took longs overnight probably sold into this move and felt lucky. Trailing some makes sense but I would protect some of those...
Read MoreThe Dow opened today to a near 100 point gap up, indicating a bit of a relief rally. After being down for 18 of the last 24 days, it’s not surprising to see a two day rally in the market, so put your rules in place. As...
Read MoreFutures point to a higher open Wednesday after closing near its highs yesterday for the first time in weeks, but are starting to fade into the open. Investors had begun to expect the ECB to announce a rate cut today due to...
Read MoreThe market has been dancing around the 200day for the past few sessions, which can be a sign that the “powers that be” are slowly sliding out of positions rather than dumping to cause panic. The SPY closed at $129...
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