By: Mario Carias, CFA As most of us have heard, Lam Research (LRCX $39.48) is buying out Novellus Systems (NVLS $34.70) in a friendly merger of two technology companies looking to consolidate and reduce costs. It’s a 100%...
Read MoreGap ups like we saw this morning are not times to get over-excited! SPY opened up into the first support outlined, $122.80-123.20, and indices have since faded to fill the gap. High growth stocks continue to get hard as we see...
Read MoreUS stock futures point to a higher open on Wall Street Thursday on the heels of a sharp three-day decline in the markets. S&P E-Minis are 13 handles higher, adding heavily to pre-market gains after a series of data point out...
Read MoreUS stocks fell more than 1% for the second straight day Wednesday as the Euro dropped below the key $1.30 level. Bond yields continue to balloon in Europe’s most troubled economies, including Italy which saw its 5-year...
Read MoreUS stock futures point to a flat open on Wall Street Wednesday, paring earlier losses after the Euro fell below the key $1.30. Yesterday the market showed disappointment in the Fed’s inaction, selling off hard following...
Read MoreUS stocks fell sharply Tuesday following the 2:15 ET Fed announcement, in which the FOMC decided to keep rates steady and declined to introduce any new policy measures. Stock futures rose pre-market after a better than expected...
Read MoreI don’t want to be a negative Nelly, but even though the markets up 80 points, we feel a bit heavy here. We’ve lost a few positives for the bulls to hang their hats on: 1) No more leadership from Intel and...
Read MoreThe Oil Service HOLDRs ETF (OIH) is one of the strongest sector ETFs today, and it looks like the macro inverse head and shoulders pattern could trigger sooner than we initially thought. The Inverse Head and Shoulders is bullish...
Read MoreGoogle (GOOG) is a stock we have talked about all year, and especially since strong earnings in mid-October. While the market has been in a manic state over the last few months, Google (GOOG) held in strong. The stock has looked...
Read MoreUS stock futures point to a higher open on Wall Street Tuesday following Monday’s decline. Better than expected economic sentiment numbers out of Germany is being credited for the increased risk appetite, and investors...
Read More
