Pre-market Update (Updated 8:30am eastern): US futures are slightly down ahead of the open. European markets are trading mixed/flat. Asian markets traded in a wide range from -1.3% up to +0.9% Economic Reports Due out (Times are...
Read MoreFinally the major event risk agenda is out of the way. Shortly we will know how much more upside inertia can be achieved with an EWP that is so far clearly corrective; hence it is suggesting that price has not established a...
Read MoreAfter Wednesday’s FOMC interest rate announcement, press release, projections, and Q&A period with Mr. Bernanke, I decided to look at four different timeframes of the Dow 30, S&P 500, Nasdaq 100, and Russell 2000...
Read MoreI jumped in Accretive Health (AH). Had the stock symbol been “AHHH” I would have been much more suspicious of it. Nonetheless, I got in at $12.50 with stop loss at $11.94 and a target which is really as high as it...
Read MoreInformation received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate...
Read MoreEconomic Reports Due out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am), FOMC Meeting ANnouncement (12:30pm), FOMC Forecasts (2pm), Chairman Press Conference (2:15pm) Pre-market Update...
Read MoreLet me tell ya… It wasn’t easy finding 4 stocks that were bucking the trend and close to, or in the process of breaking down. But I did, and I earned a little overtime in the process. Nonetheless, out of the four...
Read MoreI’m probably more excited about my pick up in Church & Dwight this morning than any other stock I’ve bought in quite some time. In fact if it goes well… and that’s a big if in the market these days,...
Read MoreI was watching for a possible strong reversal yesterday but there was nothing to see, with the day following the standard bull format of early weakness followed by a rise for the rest of the day. On the daily chart SPX tested...
Read MoreEconomic Reports Due out (Times are EST): FOMC Meeting Begins, ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redbook (8:55am) Pre-market Update (Updated 8:00am eastern): US futures are slightly higher. European...
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