The market held in very strong yesterday, bouncing off the most shallow retracement level. When the market doesn’t get even a re-test of secondary support, it is an extremely bullish sign. We outlined the 1187-1195 area in...
Read MoreThe Nasdaq trended higher all day Thursday after a slightly lower open, leaving the blue chips in the dust on its way to a 0.6% gain. The Dow and S&P, weighed down by an unenthusiastic response to JP Morgan earnings this...
Read MoreThe heavily overbought market opened lower this morning and sold off during the morning, but never feel apart and is taking out highs of the day this afternoon. This is a very good sign for the market going forward, as it held...
Read MoreUS stock futures point to a lower open on Wall Street Thursday following Wednesday’s final hour reversal. The market is tracking declines in European markets, with the Stoxx Europe 600 Index dropping 1%. Bulls will look to...
Read MoreThe rally continued Wednesday, with an early push taking the blue chips positive for 2011 before the market faded into the close. Stocks surged sharply higher until the last hour and change, when the market pulled in to pare...
Read MoreStocks are heading into some big resistance after a big run for the market over the last week and a half. I have now sold most of my positions in Exxon (XOM), Sandisk (SNDK), Sina (SINA) and JP Morgan (JPM) into this area. I am...
Read More(AA) Alcoa Inc. Price target lowered to $9.75 from $15.50 at CLSA Price target lowered to $14 from $16 at Jefferies Citi cuts its 2011 and 2012 EPS targets (SLV) i Shares Silver Trust Trading up overnight – Guarding...
Read MoreUS stock futures point to a sharply higher open on Wall Street, following gain in European markets. S&P futures are up more than 10 handles. We are once again seeing investors shrug off bad news and continue buying, a...
Read MoreThe market was very quiet Tuesday, trading in a tight range on extremely low volume following yesterday’s 3+% climb. The Nasdaq led the major indices, closing with a 0.66% gain, while the Dow slumped marginally, finishing...
Read MoreThe Chinese Internet sector has been a volatile group recently, especially since the US Department of Justice announce it would be investigating the accounting activities of companies domiciled in China. Following a wave of...
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