12:50pm (EST) We said this morning today would be an important test for the bulls as the Dow and S&P 500 try to halt a 3-session slide. The Nasdaq and Russell 2000 are also trying to avoid a 3-day skid and as we head towards the second half of tradingRead more
Uh Oh, Watch the Close
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
Amazon, Facebook, RIMM Key for Tech
12:30pm (EST) The bulls are trying to gather momentum for a final push to new all-time highs and their journey will likely depend on the help or hurt that Amazon.com’s (AMZN, $270.69, down $5.35) and Facebook’s (FB, $31.27. down $1.20) earnings provide. Amazon is on deck after today’s close andRead more
Bulls Looking to End January Strong/ New Trade Alert!
Netflix (NFLX) Options Zoom 4,000%/ S&P Trips 1,500/ Profit Alert (CHRW)
Bulls Walking on Thin Ice
Bulls Get Healthier
12:45pm (EST) The bulls continue their March towards new highs (no pun intended) as the President signs our nation’s new health bill today. The passage of the landmark legislation is now official and many of the changes will take place this year. Obama said it gets the wheels rolling on “desperately needed reforms” sought byRead more
Garmin Tanks On Lower Margins
12:35pm (EST) The market is trying to rebound from a two-day slide and has held up well after hearing Federal Reserve Chairman Ben Bernanke tell Congress that low interest rates are still needed to support the economy. He also added that interest rates will probably remain low for an extended period to allowRead more
MomentumOptionsTrading.com Weekly Wrap for 2/21/10
Bulls Make Another Run 8:00pm(EST) The futures were pointing towards a nasty opening for the market early Friday morning but things got better as the bulls starting rising with the sun. Thursday’s surprise discount rate hike by the Fed after the market closed scared the be-Jesus out of everyone as theRead more