The bears continue to press the bulls

The bears continue to press the bulls and the bulls continue to push back. The Nasdaq futures are currently trading below their 200 day moving average. That is important because the bulls have been leaning on the Nasdaq for upside leadership and now the Nasdaq is starting to break down. If the Nasdaq remains below their…..

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The bulls continue to fight for control of this trade

The headlines coming from Europe shift from positive to negative on an intraday basis. It’s been the same story all week; we get an intraday move from a headline in Europe moving the market one way or the other, then the market goes back to the technicals and the bulls try to push the S&P cash through their….

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Morning Brief

The headlines over the past day have not been that positive for the markets (S&P downgrades and increasing debt fears in Europe), but the market has not sold off. This could be a sign that the market has priced in the worst case scenario and that is good news for the bulls. The Nasdaq remains the strongest market by trading comfortably above their 200 day moving average and still in the top part of this year’s range. The Dow also remains strong by sustaining trade above….

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The headlines have been favoring the bulls

The Transports have now closed back above their 200 day moving average leaving the S&P the only major Index that has yet to accomplish this feat. The headlines have been favoring the bulls for the past week and we are now seeing the technicals come under control of the bulls. The only road block left for the bulls is getting the S&P to……

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Once again a headline moves the market in dramatic fashion

Overnight the Italian Prime Minister Mario Monti proposed budget cuts and leaders prepared to meet on Europe’s debt crisis. This headline boosted futures higher on the Globex open. Right now the bulls are making a push……

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The rally continues

Today’s focus will be on the unemployment numbers. Technically the bulls are in position to take back control of this trade but they will need help from today’s unemployment numbers for this rally to continue. The headlines overnight favored the bulls with European Central Banks saying that may provide the IMF with….

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The bulls are looking to take back control

The bulls are looking to take back control of this trade but they still have some work to do. The headlines may have favored the bulls over the past few days but what has fundamentally changed about Europe’s debt crisis? As far as I’m concerned…not much. The IMF made a move that they had to make. The good news for the bulls is that…..

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