1. Commentary 2. Oil and Gold 3. Options Education 4. Credit Spreads 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary The market was under tremendous pressure last week and as the saying goes, pressure bursts pipes. Wall Street took a back seat to Washington as the stimulusRead more
Weekly Wrap for 2/16/09
Bank of America Update
Nasdaq Turns Positive
Spider Gold Shares Rally
Dow Plunges on Uncertainty
The market hates uncertainty and Tuesday all Wall Street could do was watch with despair as stocks were sent plunging. The market sat on the fence on Monday and traded flat and that was pretty much the deal until Treasury Secretary Timothy Geithner spoke. The more he spoke however, theRead more
Amgen Stopped Out
Yeap, I jinxed us. In fact, I jinxed the entire market. I had mentioned Amgen’s (AMGN, $57.41, down $1.33) eight-day winning streak yesterday and that quickly came to a halt just like the rest of the market’s momentum. The March 60 calls (YAACL, $1.70, down $0.50) were recommended on FebruaryRead more
Dow Dips Below 8,000
Trade Updates: Google Stop Hit/ Akamai Technologies Pops Higher
Intel and Cisco Systems Planning for Future
Cisco Systems (CSCO, $16.50, down $0.35) completed a $4 billion debt sale on Monday raising speculation that the company is poised to make an acquisition. Cisco recently reported earnings that managed to beat Wall Street’s expectations by 6 cents although those estimates were lowered. The company generated over $3 billionRead more