Stockhaven @ the bell 6/21/2011
After managing to bounce a little bit to start the week in the absence of any economic reports stocks will face a stiffer test Tuesday. With a reading on existing home sales for May due to hit the street the … Continue reading
Stockhaven @ the bell 6/20/2011
With the markets able to stabilize somewhat last week this will be a crucial week. While we remain bearish overall, due to the weak technical back drop and poor fundamental data of late, we’d prefer to be bullish heading into … Continue reading
Stockhaven @ the close 6/17/2011
The good news is the S&P500 officially ended its 6 week losing streak this week. The bad news is you could barely notice, given the fact it closed higher by less than 1 point compared to last week. The fact … Continue reading
Stockhaven @ the bell 6/14/2011
The economic calender picks up pace Tuesday with retail sales results for and the producer price index (PPI) for may. The markets will also digest the government’s report on business inventories for April. Of these three key data points, we … Continue reading
Stockhaven @ the close 6/13/2011
The markets showed their first real signs of a potential short term bottom today as they were able to fully erase earlier declines. In our experience, when an index is able to go from “red to green” as the markets … Continue reading