Bulls are back at it again this morning, trying to push this market higher. I may use this strength this morning to jump in a couple of the positions that I outlined last night, in particular, I like (VAR). Big report coming out at 8:30am with the Consumer Price Index which will be closely watched,
So far so good on the futures in the early morning, as Asia is selling off hard. Gold continues to be the flight to safety option, and crude prices continue to drop hard. Unless, we get an overnight, change-of-heart, this morning gap down is looking very good for my very-short portfolio. Should we get another
Futures are pointing sharply lower this morning as worries steepen in regards to the debt troubles in Europe. So right now my portfolio (which is heavily short) is already shaping up to have a nice day. However, on Tuesday and Wednesday, we saw how early morning bearish behavior can quickly change into bullish euphoria, so
Things remain a bit unclear heading into the open, with futures waffling between positive and negative territory. We have Jobless Claims at 8:30am ET which should give the market a nudge in one direction or the other. Also at 8:30am, we have the Import and Export Prices, followed by Vice Fed Chairman, Donal Kohn, who
Futures have been choppy over night, until the European markets opened there were strong bearish tones – down as much 1%. But once those overseas markets opened, the futures rallied back strong to where they currently are now, which is now slightly in the green. On the Economic Front, we have MBA purchase applications at
The markets are open, and once again we have a change in tone from the day prior. So far, it appears that the bears used yesterday’s rally to jump back into their short positions. All eyes will once again, be on the economic conditions surrounding Europe and whether they will be able to pull themselves
Heading into the open, the futures are soaring, in a way none of us have seen in a long time. As of this writing the S&P is up over 50 points, the Dow right at 400 points, and the Nasdaq over 80 points. That is no exaggeration whatsoever!Currently, I am holding shares of the
Today should be an interesting day today with our buddies Ben Bernanke and tax cheat Tim Geithner speaking at 9:30am and 9:10 respectively, along with the weekly Jobless Claims at 8:30am, which will act as prelude to the unemployment number coming out tomorrow. Also be aware of the Productivity and Costs at 8:30am. I am
Once again, we have another day where things are looking drastically different from the day before. Heading into the open the futures are bleeding red across the board. Rumors are flying everywhere in regards to debt ratings – from Japan to Spain, and Greece is once again trying to re-invent the wheel on how we
It’s the start of a new month, and hopefully it doesn’t bring more of the type of selling that we saw last week. Many people like to use the old cliche, “Sell in May – Go Away” sometimes it is true – other times it is not. Whether this idea holds water will be tested