Market Rallies In Last Half Hour
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
Starbucks (SBUX) US same store customer transactions decreased by 1% in the just completed quarter, the first time that measure has been negative since Starbucks started reporting it three years ago. Their 4% same store sales increase in the US…
Heavy machinery maker Caterpillar (CAT) reported earnings this morning before the open. We all know the stuff they make. As such, they are a terrific bellwether for capital spending. They earned 72 cents a share, excluding redundancy costs, on revenue…
Paul Vigna of Dow Jones MarketTalk is fast becoming one of my favorite market commentators. I did a post on his “The Pinocchio Recovery” and his latest, on the same theme, is solid as well: We have not yet rebuilt…
Yesterday I said that 1,000 on the S&P represents significant upside resistance. I didn’t think I’d be writing about it so soon but I think 900 represents important downside support. We’ve only closed below 900 four times: Fri 10/10 (899),…
The core problem for the dollar remains that risk appetite is good, U.S. interest rates are extremely low and the Fed has done a good job telling us they will stay low a long time. The market is under a…