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September 14, 2009

Freeport McMoRan Pushing $70

by Rick Rouse / Posted in Company Commentary, Option Trades, Daily Update

12:30pm (EST)   The market has made a comeback after starting the morning in the red.  The Dow was down as much as 70 points and hit a low of 9,535 before bouncing back.  Currently, the Dow is down 15 to 9,590.   Wall Street is a little nervous given the weekendRead more

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September 14, 2009

Market Poised to Open Lower

by Rick Rouse / Posted in Daily Update, Market Analysis, Company Commentary

9:10am (EST)    Futures are pointing towards a negative open amid concerns about a growing trade dispute between the U.S. and China.  Overseas markets also fell sharply last night after the U.S. imposed trade penalties on tires coming into the country from China.    Dow futures are lower by 62 to 9,458, the S&P 500 indexRead more

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September 13, 2009

Weekly Wrap for 9/13/09

by Rick Rouse / Posted in Earnings, Momentum Stocks Weekly, Weekly Wrap RR

11:50pm (EST) The market moved higher last week on three of the four days we traded.  The bulls got a big lift when it was reported that weekly jobless claims fell to 26,000 to 550,000, versus expectations of 560,000.  However, jobless claims are still high which means unemployment is still headed for 10%.  PerhapsRead more

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September 11, 2009

Bulls Resting

by Rick Rouse / Posted in Option Trades, Daily Update, Market Analysis, Gold

1:20pm (EST) The market is trending lower today although the bulls were out early.  The Dow is currently down 49 points to 9,578 while the Nasdaq is off by 12 to 2,072.  The S&P 500 is lower by 5 points and stands at 1,039.  Although stocks are struggling, gold is back over $1,000 andRead more

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September 11, 2009

2,996

by Rick Rouse / Posted in Daily Update
September 11, 2009

Bulls Go For Six

by Rick Rouse / Posted in Option Trades, Market Commentary, Entertainment Stocks, Daily Update, Market Analysis, Company Commentary, Financial Stocks

9:00am (EST) The bulls made it five in-a-row on Thursday and will look to extend their winning streak to a half dozen today.  We got a couple of nuggets that turned out to be golden for the market that helped push us higher  A lower-than expected jobless claims report wasRead more

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September 10, 2009

A Blast From The Past

by Rick Rouse / Posted in Option Trades, Daily Update

8:25am (EST) Somebody forgot to tell the bulls that September is historically a bad month for the market.  There wasn’t much action heading into Friday’s unemployment report but now that it is out of the way, the bulls seemed determined to take us higher. The Financials put in a goodRead more

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September 9, 2009

AIG Gets A Downgrade, Imagine That

by Rick Rouse / Posted in Option Trades, Daily Update, Company Commentary

9:00am (EST)   American International Group (AIG, $35.45, down $4.20) fell 10% yesterday after a Credit Suisse analyst downgraded the stock from “Neutral” to “Underperform”.  Their research pointed to the fact that “near term monetization of value of businesses suggests little to no value for common equity.”   For those of youRead more

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September 8, 2009

BioTech Stays Hot

by Rick Rouse / Posted in Company Commentary, Option Trades, BioTech, Daily Update

12:45pm (EST) The market is off to a good start as the bulls came out in a buying mood.  The Dow is up 35 points to 9,476 but is off its highest levels of the day.  There are a few BioTech stocks that are trading higher today. Facet Biotech (FACT, $16.12, up $0.74) is up 5%Read more

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September 8, 2009

Gold Breaks Four Figures

by Rick Rouse / Posted in Oil, Company Commentary, Gold, Daily Update

9:10am (EST) Gold has toped the $1,000 an ounce level this morning as it is up $11 to $1,007.  Futures are pointing towards a big open.  Dow futures are up 80 to 9,497, S&P 500 futures are up 10 to 1,024 while Nasdaq 100 futures are up 14 to 1,650. Oil isRead 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.

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