Bank of America Merrill Lynch is cutting its expectations on the S&P 500 Index, and therefore ultimately on the SDPRÂ S&P 500 (NYSEMKT: SPY)i n its Macro/Investment Strategies call. Today’s downgrade was on…
Stocks are trying to find their footing after yesterday’s disappointing drop. The good news is that the charts we featured told you not to chase that gap-up on Tuesday. We are tracking…
Jon C. Ogg Jon OggThe stock market is trying to digest earnings reports from Alcoa Inc. (NYSE: AA) and trying to factor in the coming report from J.P. Morgan Chase & Co. (NYSE: JPM). When…
Most investors are back from a long holiday and having to digest waves of bad news from companies and from government economic reports. And now we even have Alcoa, Inc. (NYSE: AA)…
Friday’s gains are currently history and investors better be paying close attention to the daily buy/sell pivots if they are staying in the market over the coming Fourth of July week. We are tracking…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Affymetrix Inc. (NASDAQ: AFFX) Cut to Sell at Goldman Sachs. Anheuser-Busch InBev (NYSE:…
The S&P 500 is sharply higher on bank bailout news from the Europeans, but the charts tell it all now. We are tracking the daily buy/sell pivot points on the SPDR S&P 500 (NYSEMKT:…
Jon C. Ogg Can the markets rise two days in a row anymore? That is what we are looking for in the daily charts review. We are tracking the daily buy/sell pivot points on the SPDR…
The stock market has been soft all morning and traders are trying to find support and trying to determine whether or not it will hold up this Monday. We are tracking the…
Jon C. Ogg The Moody’s bank downgrade is out of the way and the markets are trying to stage a recovery ahead of the weekend after a huge drop on Thursday. We are tracking the daily…
Jon C. Ogg Two more economic reports are driving traders into more uncertainty this morning. The so-called Philly Fed was dismal and the ‘not so leading’ Leading Indicators were barely above the red line. See SPDR…
Jon C. Ogg Now that the FOMC meeting is over and with many commodities softening, investors and traders need to pay close attention to the critical chart buy/sell pivots. We are tracking the pivot points on…
Jon C. Ogg Investors and traders are caught between news out of Europe and the highly awaited decision from Ben Bernanke on the FOMC meeting today regarding Operation Twist. The markets are mixed and trying…
Jon C. Ogg The markets were having a hard time identifying an early direction and now the move looks more entrenched on gains. Traders and investors need to be watching the technical pivots against yesterday’s…
Jon C. Ogg OK, so the Greeks are trying to stay in the Euro for at least one more election cycle. The markets have sold off as reality sets in that it may be more expansive…
