Wall Street has struggled to beat the key resistance point that could put the nail into the bear market’s coffin with the Dow Jones and S&P 500 ending in negative territory — but it was a close run thing. In fact, the Nasdaq kept flying the bulls’ flag by finishing up. The overall result was […]

For three weeks in a row, US stock markets have resisted the gravitational pull of the bears and short-sellers with US company reporting, consumer confidence and other economic indicators giving the bulls something to run with. Comments about the banks and the stress tests have not spooked the market, but we get all of the […]

There was another strong rise on Wall Street with no pullback trigger in sight. Better than expected home sales numbers and a good report from AIG, which was a name in the thick of things when everything on stock markets went pear-shaped, helped the market. Only the stress tests could hurt the positive sentiment but […]

Wall Street is a little worried about the official release of the stress tests and this has held back the onward march of this rally, however, investors are not too concerned at the moment. Stocks pulled back Tuesday as the pending results for the government's bank stress test left the market a bit jittery. The […]

Wall Street beat off the stress test blues to again finish in positive territory and it was helped by economic figures showing job losses are easing. The Dow rose 101 points or 1.2% to 8,512.28.   The Nasdaq put on 5 points to 1,759.   The S&P 500 went up 15 points or 1.7% to […]

Ahead of the release of the stress tests on the top 19 US banks the market went down, but it was not dramatic and considering the stock market there is up around 30%, the mild sell-off has to be some profit-taking. The Dow Jones lost 102 points or 1.2% to 8,409.   The Nasdaq dropped […]

Ahead of the release of the stress tests on the top 19 US banks the market went down, but it was not dramatic and considering the stock market there is up around 30%, the mild sell-off has to be some profit-taking. The Dow Jones lost 102 points or 1.2% to 8,409.    The Nasdaq dropped […]

Wall Street has overcome the stress tests hurdle and more and more analysts are saying this is looking like the makings of a bull market! Bill McLaren, a hotshot trader who once lived and commented from Byron Bay, told CNBC that he could see some good signs. "Rallies in bull trends have very specific characteristics […]

 US investors showed caution in Tuesday's session over ongoing concerns about car manufacturers and the banks. Technology stocks declined, but blue-chips made gains.  The Dow Jones gained 50 points, or 0.6%, to 8469.  The Nasdaq composite lost 15 points, or 0.9%, to 1715.  The S&P 500 index was steady at 908.  Financial stocks were responsible for most of […]

 The testing of this big rally has started with poor US retail sales giving the market a reason to sell off. The April 0.4% fall was the second month in a row that retail has fallen. It may be the real test, as these figures should reflect confidence from the big rally, which has topped […]

The testing of this big rally has started with poor US retail sales giving the market a reason to sell off. The April 0.4% fall was the second month in a row that retail has fallen. It may be the real test, as these figures should reflect confidence from the big rally, which has topped […]

 After two days down for Wall Street, the market bounced back but it wasn’t a big bounce with some economic news slightly disappointing investors. The Dow rose 46 points or 0.5% to 8,331.   The Nasdaq put on 25 points or 1.5% to 1,689.   The S&P 500 added 9 points or 1% to 893. […]