US stock futures point to a flat open this morning following a strong two-day snap back in the market. Tuesday’s 3% gap down triggered fears of a deeper correction, but buyers stepped in aggressively to erase all of those...
Read MoreThe market continued its impressive snap-back from yesterday’s gap down, roaring back into the gap from last Friday’s jobs number. All of the major indexes finished up 2.5-3%, led by the Nasdaq again. The 3% gap down...
Read MoreToday we are seeing more constructive action following yesterday’s bounce back from a 3% gap down. The 1140 area held creating a nice technical “higher low”. Most of the stocks that went green yesterday and...
Read MoreAM Action: (SLV) Spot Silver overnight had 42.27 highs and $40.5 lows – fairly size-able range – testing those lows now. (GLD) Trading lower pre – market looking for last nights lows when Asia opened (Euro) All...
Read MoreUS stock futures are up more than 1% this morning, erasing yesterday’s entire gap down. When stocks opened down nearly 3% yesterday, many investors feared it was the beginning of a harsh downward spiral. The sovereign debt...
Read MoreFrom afar, the market was pretty impressive today. The 1140 area held, and that went long vs the 30 minute low of $114.38 in the SPY got rewarded Days like this are important because they show you what the strong stocks are....
Read MoreThe Dow closed off more than 100 points, but bulls will gladly accept that outcome given what futures were looking like this morning. The S&P 500 ETF (SPY) opened down 3% this morning after a long weekend filled with...
Read MoreAn ugly way to start the week as markets in Asia played catch up to the ugliness which ended last week in the US. We believed this would be a dramatic week on the European continent and it is did not disappoint. Politics have...
Read MoreAlmost all signs are pointing south right now. Current economic numbers and charts agree…the market looks weak and heavy. I am not a big proponent of averaging down. It looks like you can buy in at lower prices- so...
Read MoreUS stock futures point to a sharply lower open Tuesday following the long weekend as conditions continue to deteriorate in Europe. The German DAX has been the weakest index over the last month, dropping another 5% to make it a...
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