• So far, the market is trying to hold on to their gains from yesterday, and maybe build on them going forward. I would love to see another 20-30 points added to the S&P. As I have been saying all along, I ultimately plan to short any rally that this market ends up putting together. So

    By |Published On: June 3, 2010|1 min read|
  • Overnight, the overseas markets managed not to capitulate and as a result, the futures, heading into the open, are trading in positive territory. We have a few economic reports that could shake things up a bit with ICSC-Goldman Store Sales at 7:45am ET, followed by Redbook at 8:55am and then Pending Home Sales at 10am

    By |Published On: June 2, 2010|1 min read|
  • Welcome to a month of new trading, hoping that it is as kind to me as May was. However, markets across the world don’t seem to be too welcoming of the new month as futures are showing some sharp declines heading into the open. Be careful of market reversals at this point in time –

    By |Published On: June 1, 2010|1 min read|
  • For the first time in a while, there has been little overnight activity and as a result the markets are trading flat heading into the open. Expect volume to be light today as Wall Street will likely start packing it up and heading on out to their vacation spots in the Hamptons. On the economic

    By |Published On: May 28, 2010|1 min read|
  • Futures, like yesterday are rocking, with the S&P and Nasdaq each seeing gains in excess of 2% heading into the open. Whether those gains can be held throughout the day is any one’s guess. A lot of folks thought that after yesterday’s afternoon sell-off that the bulls would be demoralized, throw their hands in

    By |Published On: May 27, 2010|1 min read|
  • There is blood flowing in the streets this morning with the futures as European and Asian markets last night saw sell-offs in the range of 2.5-3.5% across the board. As a result, the Dow futures are down 225+ points, while the S&P is down over 27 points, and the Nasdaq is down over 41

    By |Published On: May 25, 2010|3 min read|
  • These bears are relentless! I was very close to pulling the trigger on SPDRs S&P 500 (SPY) on Friday afternoon, in order to play the bounce, but good thing I didn’t because based on how the futures are performing right now, it would have been a big discouraging for me this morning. Nevertheless, I

    By |Published On: May 24, 2010|1 min read|
  • I am going to make this quick this morning, as I have some errands to run, and since I am all cash heading into the open,  I really don’t have a dog in the fight as it currently stands. Nonetheless, I’ve got two solid trade setups below, depending on whether you are a bull (painful)

    By |Published On: May 21, 2010|1 min read|
  • Its a horrible morning to be a bull or heavily long on anything heading into the open, as Wall Street is taking a major walloping! Right now futures are down as much as 2%  in the S&P. This has the feel of being one of those days where perhaps the bulls finally throw in the

    By |Published On: May 20, 2010|1 min read|
  • It’s another trading day quickly approaching and the bulls are definitely without their ‘mo-jo’ once again. Futures are down, as Europe is bleeding red all over the place due to the debt crisis that continues on. It should be pretty quiet in terms of scheduled economic reports with the Consumer Price Index due out at

    By |Published On: May 19, 2010|1 min read|