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Research In Motion Misses Estimates

9:10am (EST) Futures are pointing towards a lower open this morning and the bulls look tired as we wrap up the last trading day of the week.  The Durable Goods Orders Report, which just came out at 8:30am, was awful as August orders decreased 2.4%.  That was far below the 0.4% increaseRead more

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Homes Sales Data Pulls Market Lower

1:10pm (EST) The market got off to a good start after the Labor Department reported the number of newly laid off workers seeking unemployment benefits fell for a third week in a row. Initial claims for unemployment insurance fell by 21,000 last week to 530,000, which was better than the 550,000 Wall Street had expected. TheRead more

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Dendreon Briefs Wall Street

8:40am (EST) Futures are slightly higher this morning as the market tries to rebound from yesterday’s nasty close.  Ahead of the bell, Dow futures are up 14, to 9,731.  S&P 500 futures are higher by 2, to 1,061, while the Nasdaq 100 futures have climbed 7, to 1,732. We have a big day so I wantedRead more

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MomentumOptionsTrading NewsFlash for 9/23/09: Fed Holds Rates

2:40pm (EST) The Fed left rates unchanged and they expect them to stay low for quite some time.  The vote was unanimous and the market has rallied off of the news.  The Dow is currently up 50 points to 9,880 while the S&P 500 is up 4 to 1,076.  TheRead more

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Research In Motion Rolling

12:20pm (EST) Research In Motion (RIMM, $87.24, up $2.38) is rocking-and-rolling ahead of Thursday’s big earnings announcement.  Wall Street is expecting a good report card from the company as the average estimate calls for RIMM to earn $1 a share for the quarter.  In the year ago quarter, the company earned 86 centsRead more

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Fed Watch Today

9:20am (EST) Futures are slightly higher this morning as Wall Street awaits the Federal Reserve’s decision on interest rates.  Dow futures are up 11 to 9,782.  S&P 500 futures are higher by 2 to 1,069 while the Nasdaq 100 futures are up 7 to 1,740. The U.S. central bank is expected to keep interest ratesRead more

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Tuesday Tidbits…Dendreon News Building

12:40pm (EST) Dendreon (DNDN, $29.83, up $0.37) popped over $30 again this morning after an analyst initiated coverage of the biotech company with an “Outperform” rating and a $40 price target… It looks like we left some on the table with First Solar (FSLR, $160.63, up $3.38).  The October 165 callsRead more

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Futures Pointing Towards Higher Open

8:45am (EST) Futures are steam-rolling higher this morning, pointing towards a nice open as the market tries to rebound from yesterday’s losses.  It looks like the bulls are ready to run once we open but will it be enough to get the Dow to 10,000? Ahead of the bell, Dow futures areRead more

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Market Rebounds Off Lows

12:05pm (EST) The market took a hit this morning (as it seems to do every Monday morning) but has bounced off its lows of the session.  The futures were pointing towards a nasty open after the Asian markets sold-off slightly but the bulls are focused on Dow 10,000. Currently the DowRead more

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IPO Market Heating Up

8:55am (EST) There have been 16 IPO’s (initial public offerings) this year but things are picking as a number of companies are striking the iron before it gets really hot.  The Nasdaq and NYSE have each had 8 U.S. IPOs so far this year and companies are looking to take advantageRead more

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.