2:05pm (EST) Shares of Sonic (SONC, $23.21, up $2.29) are surging to fresh 52-week peaks following another decent earnings report. The company reported their numbers after Monday’s close and beat estimates by a penny, or, the 6 cents analysts had expected. However, Q2 revenues came in over $1 million light
Sonic (SONC) Soars 11%, Options Zoom 200%/ VIX Below 15
S&P 500 Triggers Fresh All-Time High/ New Trade/ Profit Alert (IR)!!!
12:35pm (EST) Special Notice: If you haven’t logged into our Members Area to look at the charts from the weekend, please do so as it will really help you as a trader. We gave a detailed outlook on the near-term and long-term outlook for 2014 and these targets will help
Groupon (GRPN) Beats but Lowers Guidance/ Profit Alert (HRB)!!!
1:30pm (EST) Shares of Groupon (GRPN, $8.23, down $2.05) are down 20% today following the company’s earnings announcement after Thursday’s close. Groupon reported 4Q earnings of $0.04 a share on revenue of $768 million. The suit-and-ties were looking for 2 pennies a share on sales of $718 million. We had
VIX Back Below 15
9:00am (EST) Thursday was a semi-crucial day for the bulls as futures were weak throughout the night and another test to support looked imminent. However, we mentioned the turnaround in futures in our morning commentary despite Wal-Mart Stores’ (WMT, $73.52, down $1.33) earnings miss and weaker economic data from around
VIX Drops Below 15/ New Trade!!!
12:30pm (EST) We love our job. Although the market can be frustrating at times, the homework you do can make things easier to deal with during market turmoil and choppiness. We pulled an all-nighter Sunday night as we did chart work on nearly 50 stocks and the current indexes and
Twitter (TWTR) Numbers After the Close/ New Trade!!!
12:35pm (EST) Twitter (TWTR, $65.91, down $0.41) will report its first ever earnings numbers as a publicly traded company after the close today and all indications are shares will move $10+ in extended trading and on Thursday’s open. The suit-and-ties are expecting the company to lose 2 cents a share,
Bears Trigger Another “Sell” Signal/ New Trade!!!
1:15pm (EST) The bears have been dropping hints for 2 weeks they are ready to come out of a long hibernation and today’s action is signaling further weakness ahead. The indexes are still holding the bottom of their December trading ranges and have bounced off their lows but the blue-chips
Elway Rings Opening Bell/ Under Armour (UA) Cracks $100
1:35pm (EST) It was good to see “The Duke” ring the NYSE opening bell this morning as no one in the NFL has done a better of job of pulling off big-time acquisitions than number 7. Ditching a dicey, yet exciting, stock pick (think Tebow) for a beaten down blue-chip
Bulls Face Crucial Test/ Profit Alert (ARIA)/ New Trade!!!
1:40pm (EST) It is always hard to time a market top but if the bulls can’t get off the mat, we may have witnessed one last week. The technical picture from our weekend chart work showed a continued test to new lows and the downside targets we outlined this morning
Dow Making Another Triple-Digit Move/ Profit Alert (GALE)!
1:25pm (EST) Futures were showing a nice start to the week but the recent trend has seen strong opens weaken shortly after the opening bell. Today is no different as the market is mixed heading into the second half of trading. These types of patterns often occur within trading ranges