9:00am (EST) We mentioned Monday could be flat as Wall Street waffled on what Fed Chair Janet Yellen might say today. To no surprise, the indexes finished right at the resistance targets we outlined and bets will be made today on where the market heads from here. (continued…) **************** OurRead more
Bulls Stall at Resistance
Market Mixed After Bernanke Grand Slam/ New Trade!!!
Market Slide Continues/ Special Weekly Wrap Offer
Fed Speak Propping Market
12:40pm (EST) Our charts from last night were showing more upside potential following last week’s break out of the “symmetrical triangles” and the test to the 100-day MA’s (moving averages). Strong moves out of these technical patterns to the upside or downside usually lead to back tests and that isRead more
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MomentumOptionsTrading.com Weekly Wrap for 5/13/12
Bears Get Back-to-Back W’s
9:00am (EST) The bulls are still up for the week but are feeling pressure by the bears following Wednesday’s pullback. Energy and Oil stocks led the way lower while some Tech and Financial stocks helped pull the indexes off their lows as the bears won their second straight session. TheRead more