Note from dshort: One of my economic correspondents, James Ross, called my attention to the fact that the NYSE has released new data for margin debt, now available through April. I've updated the ...
The pre-market anxieties were little changed by this morning's slightly better-than-expected unemployment claims. The eurozone indexes were all down 2% to 3% when the US markets opened. The S&P ...
Finally !!! The S&P tumbled lower enforced by the dangerously overbought conditions on the charts. We have posted a Key Reversal day which is negative, and we nearly reached the 1695 target at ...
With Tuesday's dovish duo Bullard and Dudley to set expectations, the S&P 500 rallied in anticipation of Chairman Bernanke's congressional testimony and soared to its all-time intraday high ...
We are looking at the SPY ETF of the S&P 500 index, which has been in bullish mode since the 2009 low. Recent gains exceeded previous swing highs very sharply in recent weeks so we think the ...
Another day of no economic data yesterday left the markets looking for cues. The Nikkei closed with a fractional gain of 0.13%, and the EURO STOXX 50 slipped a fractional 0.10%. So yesterday's focus ...
Futures pointed to a slightly lower open, and that's what we got yesterday. On a day with no economic news, the S&P 500 stuttered for the first ninety minutes and then rallied to its intraday ...
Now that there probably isn’t much more upside for profit margins, revenues will drive earnings. Revenues will be driven by the growth in global nominal GDP, which I expect will be 5% this ...
SPX broke 1660 area resistance on Friday afternoon and closed the day at 1667.47 SPX. On the SPX 60min chart the current rising channel from the 1536 low is still in play and support there is in the ...
We have our first CNBC appearance on Monday morning, May 20th at 9:15 am central time (approximately). We’ll be talking Home Depot (HD) and Lowe’s (LOW) (but primarily Home Depot) on ...
