Earnings GOOG and MSFT

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The market saw some strength and it seems that we may have broken higher out of the resistance levels and the Dow Jones and S&P 500 jumped to play catch up with the broader-based RUT rally. Bernanke, in possibly his last testimony before the Senate, helped to alleviate any concerns about immediate actions by the Read more…

Earnings IBM, EBAY, UNH

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The Dow Jones and S&P 500 continue to consolidate in this resistance area. Bernanke testified before Congress, perhaps for the last time, and the market came under some pressure. However, we didn’t see the level of volatility that one would expect after the recent jolts his words have brought to the market. Today he testifies Read more…

Earnings BAC and YHOO

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The Dow Jones and S&P 500 continue to struggle to break-out above their resistance levels. Earnings are pouring in and they are showing a mixed picture. The banks are beating expectations and “seem” to be doing better. A few other names also showed stronger top line revenue and beat expectations as well. However, there have been some Read more…

Earnings JNJ, KO, GS

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As the RUT index continues to head higher, the narrower indices seem to be struggling at these resistance levels as if waiting for earnings to be the determining factor. This earnings season the bar has been set very low, due to lower forecasts and guidance from the last quarter. It seems that those concerns and Read more…

Citigroup Earnings

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Are you ready for the break-out higher? We are sitting at those resistance levels and are looking stronger in the pre-market this morning. While we do have some big events in the next couple of weeks, first look at the 2nd quarter GDP and the July FOMC meeting at the end of month, for now Read more…

Earnings JPM & WFC

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The market rallied and pushed right up into, and in some cases above, those resistance levels. The big driver yesterday came from Bernanke’s speech after the market close on Wednesday. As I mentioned, there was something in his speech for everyone. First,they are kicking the taper can down the road from 2013 to the first Read more…

Earnings YUM and FDO

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The earnings season kicked off fairly well as Alcoa beat expectations and forecast growth of 7%. While we should be paying attention to top-line revenue and sales, the earnings season thunder will be stolen today with the release of the FOMC minutes and Bernanke’s speech. It seems like just when we can start focusing back Read more…

Earnings Season

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The market action was interesting yesterday; as the indices stretched higher they also seemed to be getting a little thin on liquidity while facing some selling pressure. The NDX, which gapped open higher, immediately came under pressure; however, it is the RUT that has been the best broad-based indicator. After a strong move Friday above Read more…

Bond Yields

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After the release of the Labor Report on Friday the market made an interestingly strong move into the close. The Labor Report had better than expected headline job creation, which initially sent the market higher. Then, as we peered into the report, we saw some rather discouraging items. First, while the U3 unemployment rate stayed unchanged Read more…

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