Pre-Market Update: The bulls bucked the odds of a lower session following President’s Day and scored a rare win start the week. Of course, last week’s momentum has given Wall Street new life, as traders were eager to get back to work. With many of them already behind the eight-ball, the pressure is on to perform.

Pre-Market Update: Geopolitical concerns overshadowed earnings and economic news last week as the bulls and bears battled over near-term support and resistance levels.

Pre-Market Update: You could almost feel the bulls’ energy going into Wednesday’s close and the enthusiasm carried over into Thursday. The indexes pushed, and cleared, the top of the multi-month trading ranges and look poised for a continued breakout.

Pre-Market Update: Wall Street was expecting some good news concerning Greece on Wednesday, but the country’s debt shenanigans will likely last into next week before another “real” game plan is established. There was some good news after the close as negotiations continued, and a relief rally could follow if Greece’s debt is reshuffled once again.

Pre-Market Update: The bulls rebounded on Tuesday and are back on track to test all-time highs, as concerns over Greece’s debt were eased. Wall Street was encouraged by the possibility of positive talks between Europe’s top brass regarding the country’s debt crisis, but nothing has been resolved.

Pre-Market Update: The bears won another Monday session following another backtest to support and the 50-day moving averages. The bulls made some noise mid-day as they tried to regain their momentum from last week, but the slight rally failed at clearing resistance.

Pre-Market Update: The bears made another attempt at cracking prior support levels as well as the 10-year uptrend lines at last Monday’s open and had January’s momentum going into February. However, the action turned on a dime following a test to the 200-day moving averages, as the major indexes held support and the bottom of their trading ranges while the bulls got a rare Monday win.

Pre-Market Update: The market rallied on Thursday ahead of this morning’s Nonfarm Payrolls report. The bulls are pushing the tops of the three-month trading ranges and are looking for a breakout. The bears are hoping for some discouraging news concerning jobs this morning to slow the momentum.

Pre-Market Update: The bulls were rallying into Wednesday’s close before a last minute curveball from the European Central Bank (ECB) concerning Greece’s debt derailed their momentum. Although the market has seen and heard this song and bailout dance before, Wall Street quickly sold the news and headed for the sidelines.

Pre-Market Update: The bulls rallied for the second-straight session to clear resistance and prior support. The bears are still lurking, as they made an appearance on Tuesday, but the momentum off of Monday’s lows has been strong.

Pre-Market Update: The bulls escaped Monday with a win despite an opening attack by the bears in an otherwise choppy session. The action was frustrating for Wall Street, but it was also a good clue that a bottom could be forming, as the trading ranges stayed intact.

Pre-Market Update: The bears pushed the bottom of the trading ranges and won the month of January following last week’s pullback. The bulls rebounded late in the week, but Friday’s session ended on a low note. The January and December lows are once again in play following the late-day drubbing.

Pre-Market Update: The bulls recovered the losses from the previous session during Thursday’s surge past resistance and prior support. The bears will likely win the month of January, but the bulls will be looking to keep their momentum heading into February.

Pre-Market Update: The Fed ruined the bullish rebound on Wednesday, as the market pulled back following the release of its meeting minutes.

Pre-Market Update: The bears made some noise on Tuesday and pushed prior support after taking a week off. The bulls made a slight rebound off of the lows, but the trading ranges continue, with volatility once again in focus.

Pre-Market Update: The market traded with less volatility on Monday despite some choppiness, as the Dow stayed within a 200-point range for the second-straight session.

Pre-Market Update: Wall Street was on standby throughout last week and ahead of the European Central Bank’s (ECB) major stimulus policy announcement. The bulls showed strength into last Thursday’s news, and much of the herd was betting on a pullback.

Pre-Market Update: For the suit-and-ties that jumped off of the bull bandwagon, welcome back. John Sebastian missed you, and I couldn’t resist playing this morning’s theme song to start my trading day.

Pre-Market Update: The bulls extended their win streak to three-straight for the first time in 2015 despite another choppy session. The small-caps failed to participate in the upswing, but the other major indexes came within a stone’s throw of clearing resistance.

Pre-Market Update: The bulls started the week off on a good note after battling back on Tuesday and maintaining their momentum from Friday. The small-caps lacked as the Russell pulled back, but volatility fell a notch, and the VIX closed below 20.

Pre-Market Update: The bears held momentum throughout the week, but the bulls snapped a five-session slide on Friday. The action into the close was bullish, as the indexes reclaimed resistance, but volatility is still elevated.

Pre-Market Update: The bears won their fifth-straight session on Thursday as they continued to push the bottoms of the trading ranges. The January lows held for a second-straight session, and today’s action will likely determine next week’s trend.

Pre-Market Update: The bears pushed fresh lows for the year on Wednesday and are now eyeing the December bottom. A break below these levels could be dangerous, as it would also get the 10-year uptrend lines in play. The bulls have a little wiggle room and will need to show some strength over the next two sessions to regain momentum.

Pre-Market Update: Turnaround Tuesday turned treacherous following Wall Street’s lunch break, as the market took a nosedive off of its highs. The bears pushed support, but the bulls’ test to resistance and the rebound off of the lows remain encouraging.

Pre-Market Update: The triple-digit price swings continued to start the week, as the market pulled back ahead of the start of fourth-quarter earnings season.

Pre-Market Update: The bears got off to a good start for 2015 as the market continued its pullback to begin the week. Oil dropped below $50 and the trickle-down effect remained a concern for Wall Street, despite lower gas prices for the foreseeable future.

Pre-Market Update: The talking heads and slick-talking pros appear to be shocked at the current V-shaped recovery, and the problem is that they haven’t done the chart work. Most of them “report” the news and follow the crowd, so they are not in the trenches on a daily basis like you and I. If so, they would have seen that the charts (and the VIX) were showing a powerful rebound if support held.

Pre-Market Update: The bulls were holding impressive gains heading into the second half of trading and the release of the Fed minutes. I mentioned that Wednesday’s close would be important, and the Fed’s statements didn’t rock the bullish boat. The market pushed resistance, but the bears still deserve respect. The bulls will need to follow through in today’s session to keep their momentum.

Pre-Market Update: The bears are getting greedy, as they stretched their winning streak to five-straight sessions and pushed another layer of support during Tuesday’s pullback.

Pre-Market Update: The bears continued their assault on Wall Street and did some serious damage during Monday’s pullback. Worries over the price of oil ignited fears of a continued decline, as black gold dipped below $50 for the first time in over five years.

Pre-Market Update: The market was volatile on Friday — the first trading day of 2015 — after finishing 2014 with solid gains. The S&P 500 Volatility Index ($VIX, 17.79, down 1.41) closed above 15 to start last week, which was perhaps an omen that support would get stretched.

Pre-Market Update: Volatility was elevated heading into the second half of trading on Wednesday, which was a good indication that the bears might show up. The bulls did manage to push another record high with the small-caps, but the late-day drubbing has near-term support in play.

Pre-Market Update: The bears made another appearance on Tuesday and stole the bulls’ lunch to get a clean sweep on the major indexes. Near-term support held, but the fading momentum needs to be watched for further signs of a possible decline.