Pre-Market Update: The bulls went into July looking strong but left the month looking weak. Of course, everything in between was a range-bound market that produced stair-stepping highs before the elevator drop on Thursday and follow through on Friday. The bulls had a decent lead entering the month, but the bears managed to break through several layers of support, which has caused some serious technical damage.

Pre-Market Update: The bears had their best outing since mid-April following an attack that left Wall Street speechless. Warnings signs have been showing up over the past few weeks, and I have talked about a “Whoa Nelly” event happening. Yesterday was that moment.

Pre-Market Update: The market was volatile Wednesday but bounced off its lows after the zombies cut another $10 billion from their monthly bond buying spree while keeping interest rates unchanged.

Pre-Market Update: The market finished mixed again on Tuesday and ahead of today’s Fed news. The bears won the overall session but there were pockets of strength as the bulls held support. The mini-trading range from July continues to cause Wall Street confusion but don’t get too complacent as the breakout or breakdown forthcoming will be worth playing.

Pre-Market Update: With NFL training camps starting, I figured I would coin a new phase for the stock market and to applaud the bulls for their efforts on Monday. Although the bears got a slice of the pie by taking Tech and the small-caps lower, I mentioned it would be important for the blue-chips to start the week off with a win.

Pre-Market Update: The market continued its run at record highs last week but Friday’s pullback gave the bears a split with the bulls for the weekly win. While the broader market held up well, the small-caps struggled with resistance and faded throughout the week.

Pre-Market Update: The market traded in a relatively tight range on Thursday as a mixed bag of earnings weighed on the indexes. The bulls did manage to push higher highs which was a bullish sign while the bears pushed a slightly lower low on the small-caps. There were a number of earnings announcement following Thursday’s close that will help or hinder today’s session and the outcome will likely decide the weekly winner.

Pre-Market Update: The market ended mixed on Wednesday but the action was bullish overall as the bulls continue to push fresh highs. Second quarter earnings are coming in solid as 70% of the S&P 500 companies are topping top-line expectations.

Pre-Market Update: The bulls reclaimed resistance on Tuesday after a steady run higher throughout the session. The closes were bullish as key technical levels were cleared but Apple’s (AAPL, $94.72, up $0.78) mixed results might weigh on the market if Wall Street shuns their solid results.

Pre-Market Update: The bulls started Monday’s session behind the 8-ball following an opening attack by the bears but limited the damage by the close after holding support. The mini-trading range that has developed over the past 2 weeks has seen both sides struggle with support and resistance. This has frustrated Wall Street but bigger moves and a possible new trend are on the verge of developing.

Pre-Market Update: The market rebounded on Friday following Thursday’s steep pullback to end the week on a positive note. The gains were enough to give the bulls the weekly win but the small-caps struggled as volatility has been elevated given the geopolitical events from around the world.

Pre-Market Update: The geopolitical events from around the world came to a head on Thursday that forced a rush to safety on Wall Street. The Malaysian airline crash was the first worry but the selling pressure intensified after the market learned Israel had launched a ground attack on the Gaza Strip.

Pre-Market Update: The bulls pushed fresh highs on Wednesday but the divergence continued as the small-caps lagged once again.

Pre-Market Update: Tuesday’s action was a hint of the possible upcoming volatility and the divergence was clearly visible during the session. The bulls got off to a decent start but the Fed’s comments caused a few more traders to jump off the bull bandwagon despite continued all-time highs.

Pre-Market Update: The bulls got off to a great start for the week as they ended their 3-straight Monday losing streak while pushing fresh highs. I mentioned the market had a good chance of ending higher on Monday and it was good to see the bulls follow through on their Friday win with the bears rolling over.

Pre-Market Update: Wall Street quickly turned jittery following the July Jailbreak and run to all-time highs to start the month. The musical chair analysts were spooked to start the week after raising their price targets for higher highs in June. Despite the prior confidence, the suit-and-ties were rushing for a seat ahead of the closing bells throughout the week.

Pre-Market Update: The market experienced a Keith Jackson moment on Thursday as he made today’s headline a famous quote for out of control situations. I have mentioned the recent triple-digit swings in the Dow and a rising VIX could spell heightened volatility into July and that is exactly what is happening.

Pre-Market Update: The talking heads had their pompoms out on Wednesday as the bulls rebounded to clear the first waves of resistance. I mentioned there were a number of suit-and-ties panicking on the 2-day pullback but there were bullish signs the indexes would hold support and resume their push towards all-time highs.

Pre-Market Update: The bears made some more noise on Tuesday as the market tumbled for the second-straight session. The talking heads are calling the 2-day pullback a “selloff” but there were bullish signs ahead of the close that suggest the bulls may be taking a breather. However, if they continue to nap and the bears get more aggressive, further support levels could come into play.

Pre-Market Update: The bears got their third-straight Monday win as the market tested near-term support. Although the bulls held the losses in check, some of the closes were bearish as Wall Street prepares for the start of 2Q earnings season.

Pre-Market Update: The bulls had a party but Wall Street failed to show up with many traders bagging work for an early and long July 4th vacation week. The shortened session on Thursday produced fresh all-time highs following a better-than-expected jobs report. The clues were there all week the market momentum from June would continue into July and I mentioned the suit-and-ties could be scrambling to play catch-up once they got back to the office.

Pre-Market Update: The market traded sideways on Wednesday following a run at near-term resistance on the open as Wall Street awaited this morning’s Nonfarm Payrolls report. The end result was mixed heading into this morning’s event as the small-caps and Tech took slight hits.

Pre-Market Update: The bulls came within 2 points of triggering Dow 17,000 but the enthusiasm on Wall Street was a golf clap instead of a pep rally. I mentioned yesterday the suit-and-ties might have to wait for today or tomorrow to clear this hurdle but the other indexes continue to clear my December fluff targets.

Pre-Market Update: The bulls battled back ahead of Thursday’s close to nearly get the win but more importantly, held support. The bears made another strong attack at the open and triggered lower lows but their efforts were once again wasted.

Pre-Market Update: The bears made an attempt at cracking the second layers of support on Wednesday’s open but ran into a bullish brick wall. The bulls responded quickly and easily defended the weak attack as they regained half of Tuesday’s losses.

Pre-Market Update: The bulls rolled over on Tuesday as the bears showed some force and pushed fresh support that served as prior resistance. The VIX also spiked and pushed resistance as the cheerleading talking heads babbled about the “selloff”. It was hardly a selloff but it got Wall Street’s attention.

Pre-Market Update: Although, I recommended a New Trade yesterday, I still want to be careful before opening the next batch of New Trades. I mentioned a trading range could develop into early July and from there 2Q earnings take center stage.

Pre-Market Update: The bears could roll over into 2Q July earnings season as most Wall Street pros start to take early vacations (again) but geopolitical events from around the world are still in play.

Pre-Market Update: It has been one incredible June for the portfolio and I have once again raised the Stop Limits on a few trades. I mentioned yesterday there were 6 current trades up over 100% and there are a few more that are close to joining the club.

Pre-Market Update: The market broke out of a week long trading range after the Fed hinted short-term interest rates wouldn’t rise. The Fed heads announced another $10 billion cut to its monthly bond purchases citing an improving labor market and the combination of both pleased Wall Street.

Pre-Market Update: The current trades are performing super well as there are 6 trades up over 100%. I have locked-in half profits on a number of them and I mentioned there were New Trades coming.

Pre-Market Update: Monday was the first battle in what will be another war this week and the rest of the month between the bulls and bears. Both sides made strong statements as the bears tried to push the next layers of support with the bulls still gunning for higher highs.

Pre-Market Update: The market continued its winning ways to start the week as the bulls pushed towards fresh all-time highs. The Dow came within 30 points of triggering 17,000 while the S&P 500 reached an all-time intraday peak of 1,955.55.

Pre-Market Update: The bears got their 2-straight win on Thursday following continued geopolitical tensions concerning Iraq and slightly disappointing economic news. The indexes closed below near-term support that served as prior resistance and the bulls will need a good Friday to regain their momentum. Hopefully 13 is their lucky number.

Pre-Market Update: The bears made some noise for the second-straight session on Wednesday but once again, the damage was minimal. The talking heads were blaming the early morning pullback on an upset victory in DC but the smarter traders were watching the geopolitical tensions heighten overseas with Iraq back in the spotlight.

Pre-Market Update: The bears made an opening stand on Tuesday’s open and held negative territory throughout the day but the damage was minimal. The bulls easily held fresh support as the market stayed in a tight trading range into the closing bell before a final push got them a split.

Pre-Market Update: The blue-chips traded higher for the fourth straight session and 7 of the past 8 while the S&P 500 has moved higher 11-out-of-13. I mentioned the fund-managers would be chasing the gains on a breakout after the Memorial Day holiday. This week could see a continued push higher as round number resistance is tested but too many cheerleaders may ruin a good thing.

Pre-Market Update: The current trades got some nice pops last week but naturally some of the put trades did not. A rising tide lifts all boats but they can serve as protection in case the waters get choppy later in the month.