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…) **************** Our
Bulls Stall at Resistance
Twitter ($TWTR) Files IPO Papers, Potbelly ($PBPB) Pops Triple-Digits/ Profit Alert (JCP)!!!
1:35pm (EST) We said there was a good possibility Twitter would announce their Initial Public Offering (IPO) this week and after the bell on Thursday they made us look like we knew what we were talking about. The company hopes to raise $1 billion with the offering and could be
Market Mixed, Zombies on Deck
1:10pm (EST) The bulls are trying to put a cherry on top of this week’s rally following yesterday’s slight pullback but Tech has been lagging and today’s close will be important. The charts are showing some topping action as Wall Street prepares for an important next week. The bulls made
Bears Say Not so Fast
1:05pm (EST) Futures were slightly weak as we hit the rack last night ahead of the European open suggesting a lower open this morning but had recovered ahead of this morning’s Nonfarm Payroll report. Wall Street certainly traded off the headlines as the Unemployment Rate dropped to 7.3% from 7.4%
Market Slide Continues/ Special Weekly Wrap Offer
1:10pm (EST) The bears are leading the way as we head into the second half of trading and wrap up what has been another good week. The bulls have seen some green today but look exhausted after trying to hold support. They can’t quit just yet as the fear of
MomentumOptionsTrading.com New Trade for 8/15/13
2:10pm (EST) We have decided to add an October put option trade to our next batch as we look to open new positions into September and October. These options are a cheap way to play a stock that could tumble as much as 20% when they announce earnings near month-end.
Terrific Tuesday’s Continue to Save Bulls
11:50am (EST) The market is enjoying its best –day gains since the beginning of the year as all of the major averages are showing strong gains. We mentioned last week the suit-and-ties that decided to take an extended vacation could miss another ride to the upside and today’s start has
MomentumOptionsTrading.com New Trades for 5/24/2013
11:10am (EST) We have 2 NEW TRADES we are adding to our Daily portfolio as we want to add some protection in case the current pullback continues into next week. The 2 put options we are recommending are on familiar names and we are looking for quick drops to support
Bulls Going for 18/ NEW TRADE!!!
11:30am (EST) The bulls are looking good today as they usually do on Tuesday’s as they try to extend the Dow’s winning streak to 18-straight Tuesday wins. The momentum over the past 4 months on this day alone has accounted for over 70% of the index’s gains. We seriously thought
Alcoa (AA) on Deck/ New Option Trade!
12:25pm (EST) We love earnings cycles and although we wish there was another stock besides Alcoa (AA, $9.14, up $0.04) that “officially” opens each quarter, it’s show time on Wall Street. Earnings seasons are when stocks can make tremendous moves of 5%-10% or more based on what they say. Of