Week In Review: S&P 500 Forming Bullish Double Bottom Pattern; Leaders Are Strong

Week In Review: S&P 500 Forming Bullish Double Bottom Pattern; Leaders Are Strong

STOCK MARKET COMMENTARY: FRIDAY, September 06, 2013   Stocks have been under pressure (pulling back) since early August as a slew of external “fears” continue to plague Wall Street. Here are some of the “fears:” Attack on Syria (will it esclate?), Fed Taper, Lackluster earnings growth, Debt limit, & higher energy prices, to name a…

The Good, The Bad, & The Lovely For The Week Ending 09.06.13

The Good, The Bad, & The Lovely For The Week Ending 09.06.13

          The Lovely: Another shallow pullback for the major averages (so far) Good: Stocks refuse to fall- Another shallow pullback (so far) for the major averages while leaders act strong and break out Merger & Acquisition news picked up. Several multi-billion deals announced: Microsoft (MSFT) & Nokia (NOK), Verizon (VZ) & Vodafone (VOD) &…

Adam Sarhan Reuters Quote: US STOCKS-Futures climb as potential Syria action delayed

Adam Sarhan Reuters Quote: US STOCKS-Futures climb as potential Syria action delayed

Tue Sep 3, 2013 8:05am EDT * Obama to seek congressional authorization forSyria action * Verizon falls in premarket, agrees to a deal with Vodafone * Nokia ADRs soar in premarket on deal with Microsoft * Futures up: Dow 105 pts, S&P 13 pts, Nasdaq 22.75 pts By Ryan Vlastelica NEW YORK, Sept 3 (Reuters) – U.S. stock index futures jumped on Tuesday after U.S. President Barack Obama opted…

Coming Up This Week: 1st Week of September 2013

Coming Up This Week: 1st Week of September 2013

Coming Up Next Week: MONDAY: Labor Day—U.S. markets closed TUESDAY: PMI manufacturing index, ISM mfg index, construction spending, Fed’s Williams speaks, Kodak emerges from bankruptcy; Earnings from H&R Block WEDNESDAY: Mortgage applications, international trade, quarterly services survey, Beige Book, Fed’s Kocherlakota speaks, auto sales, Neiman Marcus bids due, Samsung event; Earnings from Dollar General THURSDAY:…

The Good, The Bad, and The Lovely; Week Ending 08.30.13

The Good, The Bad, and The Lovely; Week Ending 08.30.13

The Lovely: Stocks are getting weaker, not stronger. The Good: 1. Leading stocks are acting well 2. The Dallas Fed manufacturing survey rose to 5.0 which beat the Street’s forecast for 4.5 3. Case for the Fed to taper in September has weakened 4. The Richmond Fed Manufacturing index, which measures manufacturing activity in region, jumped to 14, easily beating estimates…