1:00pm (EST) The bulls are looking to close out the week with another win and Dow 10,000 will be the next playoff victory. The Dow is up 27 points to 9,810 and has hit a high of 9,845. I thought we would see more volatility due to quadruple witchingRead more
Quadruple Witching Hour
Market Looking To Open Higher
9:00am (EST) Futures are pointing to a slightly higher open today, as the bulls look to resume this week’s rally after a slight pullback yesterday. Overseas markets were mostly higher this morning and the economic data has been better than expected this week. The bulls are still eyeing Dow 10,000 and at thisRead more
All Eyes on Palm
12:50pm (EST) The market is struggling today as it has darted in and out of positive territory. Jobless claims dipped to 545,000 last week from an upwardly revised 557,000 the previous week which helped stocks recover from the open but it appears the bears are selling the news and trying to push theRead more
Big Blue Breaking Resistance
3:15am (EST) International Business Machines (IBM, $121.82, up $2.47) broke $120 yesterday in strong fashion and it has been a level I have been talking about since July/ August. I’m trying to show you a perfect trade setup that would have tripled your money yesterday so be patient with me… From August 12th: IBM (IBM,Read more
GE, Baidu.com Breaking Out
12:30pm (EST) General Electric (GE, $16.68, up $0.68) is rolling this week. The stock opened Mondayat $14.55 and closed yesterday at $16. Today’s 4% pop is shows the stock’s momentum after passing hitting the $16 level and shares look poised to run to $17 where there is resistance. Volume is thru the roof as 113 millionRead more
NewsFlash: Apple Hits Fresh Highs (NEW TRADE)
Trade Updates
9:50am (EST) I’m behind the 8-ball folks, running late today…the trades are updated and have been posted in the Members Area. I’ll be back at 1pm with an update. Rick@MomentumOptionsTrading.com]]>
Casino Stocks Continue Momentum
Retail Sales Lift Futures, Best Buy Misses
9:00am (EST) Futures were slightly higher before the Retail and PPI numbers came out at 8:30am. Before the reports the Dow futures had been up 4 while the S&P 500 futures were higher by 1 but jumped after the reports were released. August Retail Sales were up 2.7% compared to expectationsRead more
NewsFlash: Dendreon Jumps 15%
11:30pm (EST) The sleeping giant is awake… Dendreon (DNDN, $27.43, up $3.59) had a huge day as the stock gained 15% after opening lower this morning. Shares started the session at $23.64 and traded as low as $23.51 before takeover rumors kicked into high gear. The early buzz is Dendreon could beRead more