• Pre-market update (updated 8:00am eastern): European markets are trading -0.2% lower. Asian markets traded -0.5% lower.  US futures are trading slightly lower ahead of the open.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Bernanke Speaks (8:45am), Redbook (8:55am), PMI Manufacturing Index Flash (8:58am), FHFA House Price Index (10am), Richmond Fed

    By |Published On: July 24, 2012|2 min read|
  • Rough day for the bulls (understatement) and so far it has managed to bounce off of those early morning lows and forming sort of a cup and handle pattern on the 5min SPX chart.  So, let’s tally it up for me on the day: I was knocked out of Agrium (AGU) at $93.7 for

    By |Published On: July 23, 2012|1 min read|
  • Pre-market update (updated 8:30am eastern): European markets are trading -1.4% lower..  Asian markets traded in excess of -1.0% lower.  US futures are moderately lower ahead of the open.    Economic reports due out (all times are eastern): None Technical Outlook (SPX): SPX finally manged to break and close above 1374, thereby putting in a

    By |Published On: July 20, 2012|2 min read|
  • Pre-market update (updated 8:30am eastern): European markets are trading 0.7% higher.  Asian markets traded 1.2% higher.  US futures are moderately higher ahead of the open.   Economic reports due out (all times are eastern): Jobless Claims (8:30am), Existing Home Sales (10am), Philadelphia Fed Survey (10am), Leading Indicators (10am), EIA Natural Gas Report (10:30am) Technical Outlook

    By |Published On: July 19, 2012|2 min read|
  • Pre-market update (updated 8:30am eastern): European markets are trading 0.2% higher.  Asian markets traded -0.6% lower.  US futures are slightly lower ahead of the open.   Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Housing Starts (8:30am), Ben Bernanke Speaks (10am), EIA Petroleum Status Reports (10:30am), Beige Book (2pm) Technical Outlook (

    By |Published On: July 18, 2012|3 min read|
  • Thanks to the discovery by @thetradingwife, I ended up taking a long position in Priceline (PCLN) and now I’m forever cursed the rest of the day with the “Price.Line.Neg-o-ti-a-tor!” theme song.  The two things about this trade that interests me most is the breakout of the 3-day consolidation pattern of late, and the solid amount

    By |Published On: July 17, 2012|1 min read|
  • Pre-market update (updated 8:30am eastern): European markets are trading in a wide range from -0.3% up to +0.7%.  Asian markets traded in a wide range from -0.4% up to 1.8%. US Markets are moderately higher ahead of the open.   Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Consumer Price Index

    By |Published On: July 17, 2012|2 min read|
  • I honestly should have checked the earnings calendar before buying this stock, but they don’t report until after the bell on Wednesday, and since this is a high beta-stock, I’d expect it to move before then. But no way, will I hold through earnings.  Nonetheless, I like how it is trying to bounce off of

    By |Published On: July 16, 2012|1 min read|
  • Pre-market update (updated 8:30am eastern): European markets are trading in a wide range from -0.3% up to +0.7%.  Asian markets traded in a wide range from -0.4% up to 1.8%. US Markets are moderately higher ahead of the open.   Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Consumer Price Index

    By |Published On: July 16, 2012|2 min read|
  • Pre-market update (updated 8:00am eastern): European markets are trading 0.9% higher.  Asian markets traded in a mixed/flat manner.   US Markets are slightly higher heading into the open.  Economic reports due out (all times are eastern): Producer Price Index (8:30am), Consumer Sentiment (9:55am) Technical Outlook (SPX): The S&P finished the day well off the

    By |Published On: July 13, 2012|2 min read|