Pre-opening Comments for Wednesday October 26th 2011 U.S. equity index futures are higher this morning. S&P 500 futures are up 12 points in pre-opening trade. Index futures are hoping for news of a framework of a deal on European sovereign debt later today. The latest rumor suggested that discount on the value of Greek debt [...]

Pre-opening Comments for Wednesday August 3rd U.S. equity index futures are higher this morning. S&P 500 futures added 7 points in pre-opening trade. Index futures pulled back slightly following release of the Challenger Gray & Christmas monthly report on U.S. layoffs. July layoffs rose 59% from June to reach a 16 month high. Index futures [...]

Pre-opening Comments for Tuesday April 26th U.S. equity index futures are higher this morning. S&P 500 futures are up 6 points in pre-opening trade. Index futures are responding to higher than expected first quarter earnings and positive guidance. Several companies including Humana and Coach also announced dividend increases Companies reporting first quarter earning reports overnight [...]

And finally the bleeding stops.   Of the 672 stocks analyzed on the S&P 500 and TSE, 424 advanced, 235 declined and the remaining 13 never quite got over Saturday’s trick-or-treat.  The up days are never kind to the bulls.   Another day of minor gains, averaging only 0.3% across all stocks, yet trading volumes are considerably [...]

  Stocks in the news breaking resistance Clorox Co (NYSE:CLX) – $59.91 News event: Better than consensus earnings, positive guidance Technical event: A break above resistance changed intermediate trend from down to neutral Chart courtesy of StockCharts.com www.stockcharts.com Domtar Corp (NYSE:UFS) – $45.13 U.S. (TSE: UFS) – $48.60 Cdn. News event: Upgraded to Top Pick [...]