Santa Claus really is coming to town! The S&P jumped 3% and the the Dow surged 337 points on Tuesday following six days of weakness. Each gap up over the past two weeks had been met with selling, but this morning it felt...
Read MoreHo ho ho, Santa has finally arrived on the scene as far as the markets are concerned. I have been trading a long time, and this is a VERY tricky tape. You think you have it figured out, and overnight the trade completely...
Read MoreI want to take this time to wish everyone a Happy Holiday season and a happy, healthy and prosperous New Year. With it being the first night of Hannukah tonight, I wanted to give you my annual list of things i am thankful for,...
Read MoreMost traders wanted to short the up open this morning, but on the Morning Call I gave several reasons why this time it would be different. Bearishness had started to climax, a pre-cursor to a big upside move over the past few...
Read MoreS&P stock futures are more than 1% higher on Tuesday following a sell-off of the same magnitude to start the week yesterday. The focus remains on Europe, where business sentiment unexpectedly rose sharply in the German...
Read MoreThe S&P 500 dropped more than 1% again Monday, putting a damper on hopes for a Santa Claus rally in 2011. Once again, the source of the pessimism originates from across the pond. New ECB President Mario Draghi this morning...
Read MoreUS stock futures point to a higher open on Wall Street Monday as we head into the home stretch for 2011. The economic calendar is light this week, so the focus will remain on Europe. ECB President Mario Draghi, in his first...
Read MoreThe market spiked early on Friday, but was unable to hold onto those gains, finishing near flat on the day. Yesterday we saw a similar story play out, with stocks unable to hold overnight gains. The lack of follow-through to the...
Read MoreThe market is headed higher again Friday as Euro bonds yields begin to subside. Borrowing costs had spiked earlier this week, raising fears that the European sovereign debt crisis was headed for a dark stage. However, conditions...
Read MoreInvestors were welcomed this morning with a gap up of more than 1% following a three-day slide in the market, but stocks were unable to hold the majority of gains with the S&P finishing only marginally higher, +0.32%. The...
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