It wasn’t a “bad” close, but it probably wasn’t what some were expecting this morning… As I have been noting all day, the early pre-open futures were strong but that faded rather quickly and by midday the indices were in negative territory…(Read More)
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Posted on August 24th, 2007 by
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Check out the intraday chart of Countrywide Financial (CFC)…The stock gapped higher this morning amid all the buzz about Bank of America’s (BAC) %242 billion investment…(Read More)
Posted on August 24th, 2007 by
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A few months ago, I began discussing a potential double-top on Starbucks Corporation (SBUX) as the stock was poised to release earnings…(Read More)
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We head into the second half of the session with a downside bias now in place…Earlier I noted how the early pre-open futures gains had faded as we entered the regular session and that weakening has continued…(Read More)
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The opening bell has rung and here is what I see…As I noted below, pre-open futures had backed off their best levels of the overnight session as the bell neared…(Read More)
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Here are some of the contenders for today’s biggest…news…of…the…day… A %242 billion investment in Countrywide Financial (CFC) by Bank of America (BAC)…A belief that the current Fed, under Bernanke, will not repeat the “Greenspan era of pumping up market bubbles with repeated cuts”…The coordinated moves by Citigroup, Bank of America, JPMorgan and Wachovia to […]
Posted on August 24th, 2007 by
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We head toward the bell with stock futures backing off their best levels of the overnight session but still pointing to an upside bias…the S&Ps are nearly six points above fair value…gold is up 3.60…Here are a few of the analyst upgrades and downgrades that I thought were worth noting this morning…Upgrades Countrywide Financial (CFC) [multiple] China Netcom […]
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Here are the results for today’s unusual stock volume scan. The scan looks at the previous day’s volume and compares it to the recent average volume…(Read More)
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