9:15am (EST) The Dow futures are lower by 13, and Nasdaq futures are down 8 points as we head towards the opening bell. S&P 500 futures were down 1 point. In economic news, consumer prices (CPI) showed no changed in July, in-line with Wall Street’s expectations and far below the 0.7% jump in June. Read more
Bank Stocks Up/ Abercrombie Trade
Futures Up, Retail Sales Down
9:20am (EST) Futures are pointing towards a higher open this morning despite a couple of iffy economic reports. The Dow futures are up 60, Nasdaq – 13, while the S&P futures are up 7. Though still up, futures pulled back slightly following the the just released Advance Retail Sales Report for July.Read more
Market Update/ Fed News Shortly
Trade Updates
9:25am (EST) Bank of America (BAC, $15.85, down $0.83) November 17.50 calls (BYOKZ, $1.20, down $0.30) Entry Price: $1.25 (8/10/09) Exit: $1.25 (8/11/09) Return: 0% Stop: CLOSED November 20 calls (BYOKT, $0.56, down $0.14) Entry Price: $0.50 (8/10/09) Exit: $0.57 (8/11/09) Return: 14% Stop: CLOSED Action: We closedRead more
Time For Some Protection
Random Thoughts
Tuesday's Tidbits
9:30am (EST) Bank of America (BAC, $16.68, up $0.26) November 17.50 calls (BYOKZ, $1.50, up $0.10) Entry Price: $1.25 (8/10/09) Exit Target: $2.50 Return: 20% Stop: 60 cents November 20 calls (BYOKT, $0.70, up $0.04) Entry Price: $0.50 (8/10/09) Exit Target: $1.00 Return: 40% Stop: 25 cents CiscoRead more
Bank of America Dips Then Rebounds
Monday Morning Notes
9:00am (EST) We are looking at a slightly negative open with futures trading lower this morning. Around the globe, the Asian markets have posted impressive gains but the major European exchanges are experiencing a decline. As a result, Dow futures are currently down 39, or 0.4%, to 9,276. The S&P 500 futures are off by 5, or 0.3% toRead more