Today is shaping up to be another positive day for the bulls on news that Bank of America (BAC) will be repaying the $45 billion they borrowed in government bailout money – shouldn’t be a surprise in my opinion though, because who the heck wants Uncle Sam breathing down your next for the rest of
Mr. Market must be checking his list twice, because the market is unwilling to make a decisive move in any direction. Today I thought we might actually see a strong upward move, but any momentum that seemed to be there, quickly evaporated. Personally, I did quite alright. My position in Apple (AAPL) continues to
After a strong performance by the bulls yesterday, the market is flat-lining a bit as US Futures have shown little movement in either direction. Overnight, Asian markets saw slight improvements with average gains of about 0.7%, while the European markets, like the US Futures, flat-lined. Keep on the lookout for Timmy Geithner today, when he
Happy December to you all! We have Christmas just around the corner, along with a myriad of other holidays too, not to mention a new year coming up. I can’t help at this point to but trade with one eye on Christmas and the time that I will get to spend with family and friends.
Last day of trading for the month of November – hopefully some you aren’t still stuck in the Thanksgiving traffic and are back in the safety and comfort of your trading desk. Typically, with the last day of the trading month, the big-boys like to do some window-dressing which tends to push stocks higher. However,
Alright folks! We got T-Minus 1 Day until we get to sink our teeth into some turkey, mash potatoes and all those other good fixins’, but until then we have to put our minds towards getting through one more market session. Overnight, Asian markets were in positive territory to the tune of about a half
It’s pretty quiet out there this morning, traders, one-by-one, are tapering off to get an early start to the Thanksgiving holiday coming up here. Overnight though, China saw some pretty significant selling take place, with losses in the range of 1% and more due to the Chinese government cautioning the banks to take on better
Happy Turkey Week to you you all! Like most of you, I can’t wait for Thursday to roll around so that I can stuff my face with turkey, mash potatoes, and momma’s apple pie. There is no doubt a lot to be thankful for, and I plan on taking some time to reflect on that this week
Another weak opening for the market with futures struggling similar to yesterday’s pre-market action. Right now the Dow Futures is down 68 points, Nasdaq down 11, and S&P down 8. Overnight Asian markets were mixed but on average down about 0.4%, and European markets are trading down about 1% currently. No economic reports to watch
Like yesterday the market is showing some pre-market weakness heading into the open. However, it’s all a mute point until we get the Jobless Claims at 8:30, then we’ll get a better idea for where this market is heading. Asian markets are trading in a mixed fashion, but with averages about 1% in the red.