Today we got the Fed. I honestly hate this day more than any other. There is nothing that is exciting or new that you should expect from the Fed today, yet the market decides each and every time, to make wild swings in the market indices. I have noticed though, that the impact of the
We are on the cusp of a new trading, week, and I hope you all enjoyed your weekend. We have some weakness heading into the open, which the bulls will probably use as a buying opportunity. At 8:30am ET today, you have the Empire State Manufacturing Survey, Followed by Treasury International Capital at 9am and
Happy Friday to you – things are looking on the up and up this morning, as futures seem to showing a bit of a bullish bias heading into the open. On the economic front we have Retail Sales at 8:30am ET, followed by Consumer Sentiment at 9:55am and finally Business Inventories at 10am. Tim Geithner
The markets are in the negative this morning, but considering where they were late last night, they have managed to recover quite well off of their lows. Of course we have the all-important weekly jobless claims this morning, that will have a huge bearing on where we end up going today and that is due
Another morning of futures trading at break even levels and there isn’t really a lot that is going to change that sentiment between now and the open, as the only report due out is the Wholesale Trade at 10am ET. So without any major news stories, we could see more choppiness just like yesterday. I have
Good morning to you all, futures have an unusual negative bias this morning heading into the open. Ironically, today is the one-year anniversary of the market bottom that eventually led to one of the sharpest rebounds in market history. It would only be fitting if the market completely broke down today as a result. Also
Now that I have flipped my trading bias from bearish to bullish (yes it was a painful experience over the past couple of weeks), I am now jumping on the bandwagon and looking for the euphoria and hype to continue in the days and weeks ahead. The last thing I want to have happen is
I’m surprised to see the futures shooting up this morning, as I had somewhat expected it to be relatively flat heading into the 8:30am ET unemployment number. Based on how the market has acted of late, if the number doesn’t disappoint, then you could see a major move today to the upside. Heck, if it
Another flat morning as we head towards the open, but don’t expect it to stay that way, as we will get the weekly jobless claims at 8:30am ET. Expect their to be even greater scrutiny with the report as it will serve as a precursor to the unemployment number that is coming out tomorrow. We were
A quiet morning so far as futures have remained relatively flat throughout the evening and early morning, which for a bear such as myself, is great for a change. Be ready though, because we have a lot more news coming out today than we had yesterday, with the MBA Purchase Applications at 7am ET, Challenger