Today they announced that the economy grew at a 5.7% clip – which to me quite honestly is hard to believe – and wouldn’t be surprised to see one heckuva downward revision come next month (boy – aren’t I quite the optimist). Later on you also have the Chicago PMI at 9:45 and Consumer Sentiment at
As I said yesterday, today will no doubt be pretty crazy in regards to the number of variables out there influencing the market’s direction today. Not the least, you have the affects of yesterday’s FOMC Statement being further digested – in fact I have seen it at times, where the following day of its release, do a
If you like politicians and federal bureaucrats, then today is your day – We have a hearing on the government’s actions taken in the bailouts, we then have the Fed releasing their FOMC Statement at 2:15pm ET, and to cap it off we have the President delivering his State of the Union address. What could possibly
Weakness is prevailing across the globe this morning – Asian markets are down big time, and the European Markets are down as well. On the futures, the Dow is currently down 47 points, the Nasdaq is down 4.25 points and the S&P down 7 points. Of noted importance is that the Fed begins a
It’s great to finally be back writing my daily articles – last week was awful – trying to restore SharePlanner, while at the same time the market was dropping like a rock. The market has a lot working against it such as extreme overbought conditions that has to wear off, a not so great earnings
Good morning everyone, it looks like the market woke up on the wrong side of the bed this morning as futures are pointing down. Currently you have the Dow at 47 points down, the Nasdaq 9 points down and the S&P at 6.5 points down. A big chunk of this decline has to do
Things are pretty quiet this morning, after yesterday’s solid market rebound. Futures are flat heading into the open with the Dow down 4 points, while the Nasdaq is down 3 points and the S&P is only down a half point.We have a number of reports today with Retail Sales at 8:30am ET, which will
The mood is is much better than yesterday heading into the open, as futures are somewhat mixed with the Dow down 2 points, the Nasdaq at break-even and the S&P up 0.5. We have a few reports coming out today, but nothing major with the MBA Purchase Applications at 7am ET, followed by the Beige
Sometimes I can't help but think that this market has become so bullish that we are like the blind guy below who will swing at anything that has a bell on it! Regardless, the trend continues to march upwards, and we are foolish to ignore the opportunity before us. However that doesn't mean that we
Happy Monday to you all! We have positive bias in the futures heading into today's market open with the Dow up 38 points, the Nasdaq up 6 and the S&P up 4.5 points. Not a bad way to start the week. Also of significance today is Alcoa (AA) is reporting earnings after the bell, which