• Two nice setups to give you here this morning. Worth noting that GDP did somewhat disappoint, but that’s okay because during a prolonged bull run, bad news tends to get swept under the rug while good news gets trumpeted from the hilltops. I’d also keep an eye on stocks like BGS, MF and WERN as

    By |Published On: April 30, 2010|1 min read|
  • Often times, a positive response to the Fed and their release of the FOMC statement finds that the sentiment carries over into the next trading session. Whether or not that will be the case today, remains to be seen. As is always the case, we have the weekly jobless claims that depending on the numbers

    By |Published On: April 29, 2010|1 min read|
  • The Fed began their two day meeting yesterday, and after the sell-off that we saw that same day, I don’t expect them to put any earth-shattering announcement into their otherwise vanilla FOMC Statement that is scheduled for release at 2:15pm ET today (I usually post the statement within minutes of the announcement so check back

    By |Published On: April 28, 2010|1 min read|
  • Today starts what will be a rather busy week. Lump in there the remaining earnings reports to the mix, coupled with the FOMC meeting and the statement that will be released on Wednesday, and we have our share of news pieces worth following. Today the FOMC meeting begins and will conclude tomorrow with their typical

    By |Published On: April 27, 2010|1 min read|
  • Futures are down nicely this morning – don’t forget that we got the jobless claims coming out this morning that will either make or break this market from the get-go. Ebay is also dragging the market down some with their earnings. Also have Producer Price Index at 8:30am ET, followed by Existing Home Sales at

    By |Published On: April 22, 2010|1 min read|
  • Some weakness heading into the open, as futures are all down, except for the NASDAQ which is showing some strength after the solid earnings reports from Apple (AAPL) and Yahoo (YHOO). It’ll be pretty quiet on the economic front, as all eyes will be focused on earnings and the jobless claims scheduled to come

    By |Published On: April 21, 2010|1 min read|
  • Futures have a bullish tone heading into the open as Goldman Sachs (GS) and IBM managed to report a solid earnings report. Also later today, you have Coca-Cola (KO), Apple (AAPL) and Yahoo (YHOO) that are reporting. At 7:45am ET you have the weekly ICSC Goldman Store Sales, followed by the Redbook

    By |Published On: April 20, 2010|1 min read|
  • Looking for a continuation from the Goldman Sachs fallout on Friday, we have futures looking solidly down heading into the open, with the S&P futures down almost 7 points. Not much on the economic front as the only report coming out is the Leading Indicators, scheduled at 10am ET. Two setups below one long (SMSI)

    By |Published On: April 19, 2010|1 min read|
  • I’m trying a bit of a different layout here – I figured it might be a little bit easier for everyone if I started putting out the charts of the stocks I was watching each morning for potential trade setups. Hopefully you all will like the charts rather than the written word.  Valero (VLO). Click

    By |Published On: April 16, 2010|0 min read|
  • For now, the futures are in the red heading into the open, but you have that weekly jobless claims report that is coming out that typically has a heavy influence on the market’s direction. That report will come out at 8:30am ET, along with the Empire State Manufacturing Survey at the same time. At 9am

    By |Published On: April 15, 2010|2 min read|