S&P futures are up more than 30 handles this morning in sharp contrast to the heavy selling we have seen for the last two weeks. The catalyst for the big up open is optimism based on new proposals to contain the...
Read MoreThis market continues to press to the downside. The Bears that jumped on the November 16 Trend Change continue to get rewarded. This market is truly in trouble if we can’t even get a feeble bounce on the 6th down day going...
Read MoreThe bad news keeps rolling in as the stronger European players are starting to weaken. A poor auction is showing the German bond losing appeal as well. There are more concerns that we will wake up to France losing its triple AAA...
Read MoreMarket seemed to have some energy until the Disappointing GDP this morning. There was a tiny trade in select areas but nothing worth listing. Most Sector ETF’S did not make any powerful moves to fill yesterday’s gap....
Read MoreUS stock futures point to a higher open Tuesday following sharp losses to start the week. Political bickering once again weighed on stocks as the congressional super-committee was unable to come to an agreement on how to slash...
Read MoreMajor US indices closed down around 2% Monday, weighed down ongoing European debt problems and another embarrassing stalemate in Congress. The so-called supercommittee was charged with slashing the deficit as part of the deal to...
Read MoreUS stock futures point to a sharply lower open on Wall St Monday as the congressional supercommittee looks set to announce it was unable to reach a deficit-reduction. Deep differences of opinion over tax and spending reforms...
Read MoreUS markets fell Thursday as rising borrowing costs across Europe continue to worry investors. Tech stocks were especially weak, with the Nasdaq dropping almost 2%. Stocks were not the only assets to fall today as commodities...
Read MoreUS stock futures point to a lower open Thursday following yesterday’s last hour sell-off. The focus continues to be on Europe, where now rising borrowing costs for France and Spain are becoming a major worry. Both held...
Read MoreUS markets dropped sharply in the final hour of trading Wednesday, triggered by warnings about US bank exposure to the growing European crisis. The S&P fell 1.66%. Fitch warned that further contagion could pose serious...
Read More
