1:10pm (EST) Forget the bulls and bears it’s all about the PIGS today. The market got a huge lift this morning after Wall Street became hopeful that Robin Hood would be helping the Greek debt situation. There is a report that the “euro zone” countries have decided in principle toRead more
Greece Getting A Gift
MomentumOptionsTrading.com Weekly Wrap for 1/24/10
Intel Crushes Earnings Estimates
9:00am (EST) Intel (INTC, $21.48, up $0.52) blew past Wall Street’s forecast after the bell yesterday and reported some impressive numbers. The company said it earned a profit of $2.3 billion, or $0.40/ share versus $234 million, or $0.04, in the year earlier period. Revenue climbed nearly 30% to $10.6 billionRead more
MomentumOptionsTrading.com Weekly Wrap for 1/10/10
11:00pm (EST) The bulls won the first week of 2010 as they took the market higher despite a weak unemployment report on Friday. The Labor Department said employers slashed 85,000 jobs in December while Wall Street had forecast a slight decline of 8,000 job losses. The one silver lining was the governmentRead more
Futures Pointing Towards Lower Opening
Homebuilding Stocks Get A Pop
1:00pm (EST) Toll Brothers (TOL, 21.13, up $2.74) is up 15% today after surprising Wall Street with some rather upbeat comments ahead of its earnings. The company said its new contracts are up over 40%, and that it expects 4Q revenue will top the Street’s expectations. Revenue for the company is expected to comeRead more
MomentumOptionsTrading.com Weekly Wrap for 11/8/09
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
MomentumOptionsTrading.com Weekly Wrap for 10/18/09
11:30pm (EST) MARKET COMMENTARY Friday was a rough day for the bulls as the Dow fell 67 points, or 0.7%, to close the week at 9,995. However, the Dow managed to break the 10,000 level last week and closed above it on Wednesday and Thursday. We were prepared for a “down” Friday as we mentionedRead more