9:00am (EST) Futures are pointing towards a negative open after Durable Goods orders came in lower than expected. Dow futures are down 38, S&P 500 index futures were down 6, while Nasdaq futures were down 7. I mentioned the bulls were trying to hold Dow 9,000 and with earningsRead more
Wednesday’s Wake-Up Call
Buffalo Pops, USEC Drops
Futures Pointing Towards Lower Open
NewsFlash: Add Visa
1:25pm (EST) I like Visa (V, $67.68, up $0.39) this week. The August 70 calls (VEHHN, $1.60, up $0.25) are up 17% today and will do well if Visa can break $70. I’ll be back tonight with a full update. Rick@MomentumOptionsTrading.com]]>
DryShips Options Hit Pay Dirt
11:15am (EST) DryShips (DRYS, $6.74, up $0.51) is having a huge day, rallying 7%, ahead of Friday’s earnings announcement. Here are the trades I profiled from last Tuesday: August 7 calls (OOCHJ, $0.50, up $0.20) Entry Price: $0.25 (7/21/09) Exit Price: $0.50 Return: 100% Stop: None September 7.50 calls (OOCIU,Read more
Futures Pointing Towards Slightly Lower Open
9:15am (EST) The futures are pointing towards a slightly lower open as a number of companies reported earnings this morning. Futures were higher but they gave up those gains after Aetna (AET, $26.44) and Honeywell (HON, $33.99) posted lower earnings. Aetna is down $2.42 to $24 while Honeywell is down 90Read more
Weekly Wrap for 7/26/09
1. Commentary 2. Green Mountain Coffee Roasters Brewing Big Gains 3. Earnings 4. Current Trades & Closed Trades 5. Monday Morning Playbook 6. Closing Thoughts ************************************************** 1. Commentary The market continued its upward momentum last week after a wave of better-than-expected earnings helped pushed the Dow over 9,000. Nearly halfRead more
Market Holds Up Despite Earning Woes
Futures Turn Positive
Microsoft (MSFT, $25.56) and Amazon.com (AMZN, $93.87). Both stocks are down 5%-6% before the bell after reporting weaker-than-expected results. The Dow jumped nearly 200 points yesterday to close above the 9,000 mark for the first time since early January. This move was significant and I don’t think the bulls worked this hard to give it allRead more