Watch-Lists

The futures are off to a tremendous start for the week, with gains in excess of 1.5% across the board due mainly to the announcement by the Chinese to allow for the Yuan to appreciate against the dollar. I’ve got a couple of short positions along with a large stake of gold (GLD) in

The markets are open and so far it is nothing more than a tug-of-war between the bulls and bears for control of the day – neither side seems to have an upper hand over the other. I may look to add couple of positions to the portfolio today at some point, more so out of

While the futures are up this morning, I think you’ll likely see today’s action being defined by what we get out of the morning’s economic reports as we have jobless claims and the Consumer Price Index at 8:30am, followed by Leading Indicators at 10am and the Philadelphia Fed Survey at 10am. But its going to

Heading into the open, stocks are looking to take a breather as they are a bit off of yesterday’s close. However, it is not news-driven, and don’t be surprised if the bulls jump on  this early on and try to buy-the-dip. We have a number of reports coming out this morning starting with Housing Starts

The market is no doubt in flux, and as a result leaves me pondering the near-term direction and my conclusion is ultimately that we are likely bound to see more of the same type of action of the past week or so, where we are range bound causing traders on both sides getting whipped out

The bears are trying to redeem themselves after a horrendous retail sales report that came in at -1.2% versus a +0.2 expectation. As a result the futures are selling off hard and fast heading into the open. I got to admit – that is a huge relief, for now at least, as I took a

There is some surprising bullishness heading into the open this morning. We got the jobless claims report earlier, and the response has been somewhat muted. I’ll also be curious to see if there will be any profit taking in fear of what happened late yesterday, and as a result the skitishness of the bulls creates

After a wicked sell-off in the final hour yesterday, the bulls are, once again, trying to bounce this market. I’ll be using any strength today, to add two new short positions (detailed in the charts below). Should be another quiet day on the economic front, as the only other report due out is the Redbook

US Futures are doing much better than they were at about 10pm last night, when the S&P was looking at losses of almost 15 points to the downside. But since then it has spent much of its time rallying, and now we are looking at a breakeven open. Overseas markets are all looking problematic today,

Unemployment number is out and it really, really stinks. Now we all know that Obama is going to grandstand about how “his administration’s efforts” has led to a 0.2% decrease in unemployment number, but lets quit fooling ourselves – the number dropped because we are counting those ridiculous Census jobs, that will be all but