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
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
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
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
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 (
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
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
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
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
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