12:05pm (EST) We love Christmas time as it is our favorite holiday of the year. It is nice to receive cards, letters, and gifts but it is more about caring. Our subscribers mean a lot to us and every year we offer a huge discount on yearly memberships because weRead more
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Bulls Rebound, Trading Range Continues
12:35pm (EST) The bulls have gotten off to a good start today following yesterday’s 1% drubbing on semi-inspiring U.S. economic news. Jobless Claims came in under 400,000 at 386,000 but up from last week’s print of 366,000. Wall Street was expecting 379,000. Despite the slight miss, this is the fourth-straightRead more
Bulls Walking on Thin Ice
Dow 11,000? Not Yet
1:05pm (EST) The bulls are trying to push past our resistance targets for the major indexes after getting a better-than-expected jobless claims report. Initial jobless claims came in at 445,000 versus the expected 455,000, while continuing claims were 4.46 million versus expectations of 4.45 million. This gave futures a liftRead more
Bulls Looking To Rebound
9:05am (EST) It has become a familiar pattern for the bears these days to let the bulls think they are doing something before knocking them out with a left hook before the closing bell. Tuesday’s session started off in negative territory as futures were already pointing towards a lower open. The Dow started offRead more
MomentumOptionsTrading.com Weekly Wrap for 12/06/09
Market to Open Lower
9:15am (EST) The market rebounded in strong fashion yesterday as the bulls pushed the Dow higher by 200 points and back near the 10,000 level. The index finished at 9,962 after a better-than-expected 3Q GDP (gross domestic product) number and we have mentioned the current battle taking place over Dow 10,000. GDP surgedRead more
Potash Testing $90
Green Mountain Splits Stock/ Cisco Up
If you are watching the pre-market trades this morning you will notice that Green Mountain Coffee Roasters (GMCR, $63.36, down $30.18) is printing $63.36. If you bought that stock last week or yesterday, you might be freaking out right now if you are unaware of the share split. The companyRead more
Weekly Wrap for 5/31/09
1. Commentary 2. Oil Surges in May 3. General Motors Put Options 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Another week, another win for the bulls. Although we have been stuck in a trading range, the bulls carried the market higher onceRead more