Yesterday the bears got very close to putting some real pressure on the bulls. The Nasdaq futures were trading below their 200 day moving average and they looked like they were breaking out to the down side but ended up rallying into the close and closed back above their ……..

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The bulls and the bears continue to battle it out in the same range that we have been in since the end of October.  Besides the blip down that we had at the end of November the market is flat out stuck in this area.  The headlines have been pushing the market around to one side or the other but ultimately we have gone nowhere.  The Nasdaq is still the leader to the upside sustaining trade above their…….

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The news in Europe continues to be a major weight on this market and the negative headlines do not look to be going away anytime soon. I am not sure if the market is still trying to price in the worst case scenario about Europe or if the market is still uncertain of what the worst case scenario is. Only time will tell and since we cannot predict the headlines I go to the charts. The Nasdaq futures are in the process of testing their…..

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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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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 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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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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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 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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