Market is showing early weakness despite strength in the Asian markets (1%-2% up), however European markets are trading flat with a slight negative bias. No major reports due out this morning, so we could see some profit taking after the markets managed to recover the losses from Thursday and Friday of last week.
Rough week for the bulls last week, and despite the early morning strength we are seeing, no one is overly enthusiastic as they had been for the past seven months. Overnight, the Asian markets were mixed with no major moves in either direction for any of the indices. European markets are trading with positive gains
Job Report stunk the market up pretty severely today – Market was expecting losses of 170k instead of 263k. I though Obama said he saved 2 million jobs already????? Anyways, I got out of my Apple (AAPL) position this morning on some analyst saying some positive stuff about it. It was a great opportunity
Happy October to you all! Fall is setting in, Thanksgiving is around the corner, football season is really starting to heat up, you’re looking into your travel plans and booking flights if you haven’t done so already, and the market is now trading in a month that is historically notorious for huge market crashes –
Last day of the month, and with the gains that we’ve seen, there is likely to be some major window-dressing by the funds, especially with it being quarter-end. So I would actually be surprised if we finished in the red today. Overseas, the Asian markets traded flat, while the European markets are currently trading with
I am back up and operational after yesterday’s screening issues. Asian markets were up last night over 1% with the Hang Seng up 2%, while European markets are slightly in the red. We have a load of reports today that’s summation will determine whether this market is going to build upon yesterday’s strong rally. We
Pretty bad day for Asian markets last night down on average over 2%, while European markets are up roughly 1%. US Markets also seem unaffected by the problems in Asia with the Dow up 25, NASDAQ up 6.25, and the S&P up 4 points. No major news today, but the rest of the week is
Futures are all over the board this morning – up, down, up, down – there will no doubt be a lot of factors affecting the market as we progress through the day. There is the RIMM earnings that missed, and then you have Durable Goods report at 8:30 followed by Consumer Sentiment at 9:55 and
Hang in there folks – it’s almost Friday. Despite yesterday’s sell-off my portfolio managed to do quite well, racking up gains in 3 of my 4 holdings CMZ, my very speculative play continues to flounder and was able to add more shares to my position at 1.15 to give myself a full position and a
We have the FOMC Statement being released today around 2:15pm EST, where it looks like the Fed will hold interest rates steady. I think what everyone is going to be looking at is whether the Fed sees the inflation threat increasing in the coming months and whether interest rates will go up with it. It’s