• Pre-market update (updated 9am eastern): European markets are trading 0.4% higher. Asian markets traded -0.8% lower. US futures are moderately higher ahead of the bell.  Economic reports due out (all times are eastern): Employment Situation (8:30am), Consumer Credit (3pm) Technical Outlook (SPX): We bounced right off of the 50-day moving average yesterday despite dipping below

    By |Published On: June 7, 2013|2 min read|
  • Pre-market update (updated 9am eastern): European markets are trading 0.4% higher. Asian markets traded -1.1% lower. US futures are moderately lower ahead of the bell.  Economic reports due out (all times are eastern): Challenger Job-Cut Report (7:30am), Jobless Claims (8:30am), Quarterly Services Survey (10am), EIA Natural Gas Report (10:30am), Treasury STRIPS (3pm) Technical Outlook (SPX):

    By |Published On: June 6, 2013|2 min read|
  • Pre-market update (updated 9am eastern): European markets are trading -1.2% lower. Asian markets traded -2.1% lower. US futures are moderately lower ahead of the bell.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), ADP Employment Report (8:15am), Productivity and Costs (8:30am), Factory Orders (10am), ISM Non Manufacturing Index (10am), EIA Petroleum Status

    By |Published On: June 5, 2013|2 min read|
  • Pre-market update (updated 9am eastern): European markets are trading 0.6% higher. Asian markets traded 0.8% higher. US futures are slightly higher ahead of the bell.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), International Trade (8:30am), Redbook (8:55am) Technical Outlook (SPX): SPX managed to rally yesterday off of the rising

    By |Published On: June 4, 2013|2 min read|
  • Pre-market update (updated 9am eastern): European markets are trading 0.1% higher. Asian markets traded 1.7% lower. US futures are moderately lower ahead of the bell.  Economic reports due out (all times are eastern): PMI Manufacturing (8:58am), ISM Manufacturing Index (10am), Construction Spending (10am) Technical Outlook (SPX): SPX had one of the bigger pullbacks of

    By |Published On: June 3, 2013|2 min read|
  • Pre-market update (updated 9am eastern): European markets are trading 0.6% lower.  Asian markets traded 0.3% higher.  US futures are moderately lower ahead of the bell.  Economic reports due out (all times are eastern): Personal Income and Outlays (8:30am), Consumer Sentiment (9:55am), Farm Prices (3pm) Technical Outlook (SPX): Yesterday marked the 11th straight day of

    By |Published On: May 31, 2013|2 min read|
  • Pre-market update (updated 9am eastern): European markets are trading 1.5% lower. Asian markets traded traded in a wide range between -1.6% up to +0.1%.  US futures are moderately lower ahead of the bell.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), ICSC-Goldman Store Sales (7:45am), Redbook (8:55am) Technical Outlook (SPX):

    By |Published On: May 29, 2013|2 min read|
  • The entire market move occurred prior to 10am eastern and since then, the market has sold off from the hghs without so much as even a bounce. Just a slow trickle lower.  By no means do I think we are seeing a sell signal here, instead, I am polishing up the bullish watchlist that I

    By |Published On: May 28, 2013|1 min read|
  • Humana (HUM) with ascending triangle breakout I’ve only added one new trade so far today. A lot of stocks are trading at some heavy extremes intraday, particularly when you are basing it off of Pivot Points. I don’t like to trade stocks when they are above the R3 level intraday, like we see in

    By |Published On: May 28, 2013|1 min read|
  • $AMRN 2 Hour Chart - Nice pre-market action, I would wait for it to pullback and hold 6.97 before getting serious long. $AMZN 15 min chart - Don't touch it until it croses 255. $ANAD 2 hour chart - Filling gap in pre-market, and jumping two Fibonacci levels. I would have to wait and see

    By |Published On: April 30, 2013|1 min read|