9:00am (EST) The bulls came into July stuck in a trading range but have won back-to-back weeks while Wall Street vacations. The previous Friday’s convincing close above the 50-day MA’s (moving averages) was a good clue a test to higher levels would come if the bulls got off to aRead more
Big Week for Earnings
Bulls Take a Breather
1:15pm (EST) The major indexes have traded in a tight range following yesterday’s push to new all-time highs. There are a number of factors in play that are balancing things out as the Financials are showing a little strength while the Transports have taken a hit. JPMorgan Chase (JPM, $55.30,Read more
Bears on Track for June Win
Netflix (NFLX) Pushes $200
9:00am (EST) The bulls got back on track Wednesday as they rode the blue-chips’ 9-session win streak to regain some momentum following another choppy session. With yesterday’s pops, all of the major indexes are in the green for the week but we expect volatility to pick up starting with today’sRead more
MomentumOptionsTrading.com Weekly Wrap for 2/3/13
11:30pm (EST) 1. Market Summary 2. Starz (STRZA)– Dancing with the Stars 3. Earnings 4. Weekly Wrap Portfolio Update 5. Week Ahead (To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section.) **************************** If you are not a subscriber but would likeRead more
MomentumOptionsTrading.com Weekly Wrap for 1/27/13
Special Offer Membership and Chance to Win an iPad
Akamai (AKAM) Jumps
12:35pm (EST) The bulls are making a little noise today but the gains have been limited despite some better-than-expected economic news. Initial Claims came in at 370,000 versus expectations for a print of 380,000. Continuing Claims dropped 100,000 to 3.20 million versus a forecast for 3.27 million. The pair ofRead more
Pandora (P) Testing Fresh Lows
12:20pm (EST) Pandora (P, $7.83, down $1.62) is tumbling despite beating Wall Street’s estimates after the bell yesterday. The company reported a profit of 5 cents a share on revenue of $120 million that topped forecasts for a penny a share on sales of $117 million. The problem was withRead more