Amazon (AMZN)

Pre-market update (updated 8:30am eastern): European markets are trading in a mixed fashion.  Asian markets traded mixed/flat.  US futures are trading break-even.   Economic reports due out (all times are eastern): None Technical Outlook (SPX): Late afternoon rally managed to lift the markets into positive territory for a sixth consecutive day.  Volume, despite the strength

Pre-market update (updated 7:30am eastern): European markets are trading -0.8% lower.  Asian markets traded -0.8% lower.  US futures are trading moderately lower.   Economic reports due out (all times are eastern): Import and Export Prices (8:30am), Treasury Budget (2pm) Technical Outlook (SPX): Despite opening lower, SPX managed to finish higher for a fifth straight day,

Pre-market update (updated 7:30am eastern): European markets are trading -0.4% lower.  Asian markets traded 1.0% higher.  US futures are trading slightly lower.  Economic reports due out (all times are eastern): International Trade (8:30am), Jobless Claims (8:30am), Wholesale Trade (10am), EIA Natural Gas Report (10:30am) Technical Outlook (SPX): Fourth straight day of gains in the SPX. 

Pre-market update (updated 7:00am eastern): European markets are trading 0.5% lower.  Asian markets traded 0.8% higher.  US futures are trading slightly lower.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Productivity and Costs (8:30am), EIA Petroleum Status Report (10:30am) Technical Outlook (SPX): After seeing the SPX sell-off 4 straight days

Pre-market update (updated 7:00am eastern): European markets are 0.5% higher.  Asian markets traded 0.8% higher.  US futures are trading slightly higher.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Bernanke speaks (2:30pm), Consumer Credit (3pm) Technical Outlook (SPX): Choppy trading session, but it was still enough to push us

Pre-market update (updated 7:00am eastern): European markets are trading 0.3% higher on average. Asian markets traded 1.8% higher.  US futures are trading slightly higher.  Economic reports due out (all times are eastern): Ben Bernanke speaks (9am), Treasury STRIPS (3pm) Technical Outlook (SPX): Amazing day for the markets, where after 4 days of straight selling,

Pre-market update (updated 7:30am eastern): European markets are trading 2.2% higher on average. Asian markets traded -0.8% lower.  US futures are trading nearly 1% higher ahead of the bell.  Economic reports due out (all times are eastern): Employment Situation (8:30am), ISM Non-Manufacturing Index (10am) Technical Outlook (SPX): SPX is looking to bounce after a

Pre-market update (updated 8:30am eastern): European markets are trading 0.5% higher. Asian markets in a mixed range from -0.7% up to +0.4% US futures are trading moderately higher ahead of the bell Economic reports due out (all times are eastern): Challenger Job-Cut Report (7:30am), Jobless Claims (8:30am), Factory Order (10am), EIA Natural Gas Report (10:30am) Technical

Pre-market update (updated 8:30am eastern): European markets are trading in a mixed range from -0.3% up to +0.8% Asian markets in a mixed range from -0.9% up to +0.1% US futures are trading slightly higher ahead of the bell Economic reports due out (all times are eastern): MBA Purchase Applications (7am), ADP Employment Report (8:15am), PMI

Very choppy day today and I don’t expect to see much different as we head into the FOMC Statement tomorrow. For now, here are two great long and short setups that provide ideal risk/reward opportunities.  The AMZN chart looks stellar to the upside as it pulls back to its previous breakout level, and a breakdown