MomentumOptions.com Pre-Market Update for 8/9/2022 Small-Caps Shine in Lackluster Session 8:00am (EST) The stock market was mixed again on Monday after trading on both sides of the ledger as Wall Street prepares for a busy week of inflation data and upcoming earnings from the energy sector. The small-caps outpaced theRead more
Small-Caps Shine in Lackluster Session
Bulls Hold Support
Pre-Market Update: The market fell for the second-straight session on Thursday but the bulls did a good job of keeping the losses in check. There are still 2 trading days left for the month of March and despite this week’s pullback, there is a slight chance the bulls can make it up.
Bulls Looking for Third Time to be a Charm
1:20pm (EST) It remains to be seen if today’s slight push past resistance holds as the bulls try for the third-straight session to clear AND hold resistance. All signs continue to point towards a breakout and new highs into March but we mentioned the Fed Head’s testimony tomorrow could playRead more
Another Failed Test at Resistance
9:00am (EST) The bulls teased Wall Street again after getting the indexes above key resistance levels but the rally faded in another choppy session. The bears didn’t do much damage as prior support levels are holding but the market feels like it is walking on eggshells. (continued…)
S&P 500 Triggers Fresh All-Time High/ New Trade/ Profit Alert (IR)!!!
Market Falls on Fed Speak
9:00am (EST) The market was choppy on Wednesday following an opening pop and drop that ended with a lower close following the release of the Fed minutes. Besides the usual rhetoric, the one problem that spooked the bulls was the hint at possible rising interest rates the middle of nextRead more
Small-Caps Shine, Blue-Chips Lag
9:00am (EST) Futures were green throughout Monday and into Tuesday’s open that led to an good day for the bulls. Although there was a little choppiness and a tight trading range on the Dow, the other indexes nudged forward to push highs and breakout territory. (read more…)
Earnings in Focus/ New Trade!!!
Market Gellin’ for Yellen/ New Trade!!!
1:30pm (EST) Futures were showing a slightly mixed open for Wall Street today when we were doing our chart work last night and remained that way ahead of the European open. Futures were slightly weaker ahead of the opening bell and suggested today could be a wait-and-see session with flatRead more