MomentumOptions.com Pre-Market Update for 3/29/2017 Financial Stocks Lead Stampede 8:00am (EST) The market showed strength across most sectors on Tuesday with the Financial group leading the continued rebound off Monday’s lows. The breathing room for the bulls was much needed following the end of month wakeup call by the bears.Read more
Financial Stocks Lead Stampede
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Bernanke Speaks, Market Confused
1:50pm (EST) The bulls were anticipating some good news today ahead of Ben Bernanke’s big speech this morning as futures were showing a strong open. The market opened with a nice pop but the immediate reaction was disappointment as Bernanke started off by saying the Fed was ready to provideRead more
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
Bulls Trying To Snap Bears Streak
12:45pm (EST) The market is trading slightly lower following yesterday’s strong rally which brought the market back near its resistance levels. The bulls are having trouble with overhead resistance as China raised its reserve requirement ratio for banks but they appear to be fighting. Federal Reserve Chairman Ben Bernanke alsoRead more
Wednesday’s Wakeup Call
9:05am (EST) The Dow managed to squeak out a small gain of 2 points yesterday and closed at 10,405 after dipping into negative territory in the final hour. Despite Tuesday’s choppy action, the Dow managed to stay above 10,400 for the second consecutive day, something that hasn’t happened since mid-January. Meanwhile, the S&P 500 also addedRead more
Bulls Battle Back
1:00pm (EST) We have had a busy day and the bulls are pushing Dow 10,000 as we head towards Friday’s all important Jobs Report. We touched base on what this means for the market and there are only three things that can happen. We either go up, down, or the tug-of-war continues between theRead more
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
Bulls Running To Start The Week
3:00pm (EST) The bulls got the ball rolling today after a positive ISM number this morning has put Wall Street in a buying mood. The Institute for Supply Management said its service index rose to 50.9 in September from 48.4 in August. The Street had expected a reading of 50, and anythingRead more