Stockhaven @ the bell 5/26/2011
With the market reversing to the upside yesterday after initially moving to new monthly lows traders will be watching to see if a bottom has been established. The low in the S&P500 of 1,311 is now the clear support level … Continue reading
Stockhaven @ the bell 5/20/2011
With a lack of economic reports due out Friday the market will likely be focused on earnings reports, action in the commodity space, and technical factors. After a 2 & 1/2 day rally in the broader indexes the markets will … Continue reading
Stockhaven @ the bell 5/19/2011
There will be no shortage of macro data and earnings reports out Thursday for the market to digest. The weekly report on jobless claims will be released at 8:30 est. Other major reports that will grab the markets attention is … Continue reading
Stockhaven @ the bell 5/17/2011
A weakening commodity market continues to put pressure on the overall bull market. Commodities have been leading the market higher for over two years and key metals are starting to break down, notably copper. Look for the commodity space to … Continue reading
Stockhaven @ the bell 5/12/2011
Among the data points being reported Thursday are the Labor Department’s weekly jobless figures and producer price index (PPI) for April, along with March business inventories and retail sales data for April. The jobless claims will be closely watched after … Continue reading