12:10pm (EST) Out with the old, in with the new. The Dow Jones Industrial Average is made up of 30 stocks. From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies. Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of America
Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!
Bulls Looking to End January Strong/ New Trade Alert!
9:00am (EST) “The market was flat on Friday with a little weakness to the downside heading into the second half of trading. This was normal behavior following the pop past resistance but there was a big development midday that gave the bulls a second wind. There are reports the Red
Boeing (BA) Takes Another Dive but Recovers/ NEW TRADE!!!
12:40pm (EST) Usually, when there’s smoke there’s fire and after a number of warning signals, the FAA (Federal Aviation Administration) stepped-in and grounded Boeing’s (BA, $74.31, down $0.03) 787 Dreamliners. The company must prove to the FAA that the lithium batteries they use in the aircraft are safe before they
MomentumOptionsTrading.com Weekly Wrap for 12/5/10
6:00pm (EST) 1. Market Summary 2. Covered Call Options 3. Special Offer from Momentum Options Trading 4. Patriot Coal Looks Attractive 5. Earnings 6. Week Ahead = = = = = = = = = = = = = = = 1. Market Summary The bulls are trying to
MomentumOptionsTrading.com Weekly Wrap for 7/11/10
2Q Earnings Season Starts On Monday 4:30pm (EST) The bulls had a stellar week after taking a beating from the bears that pushed them to the brink and had the major averages on the verge of a collapse. The market spent much of Friday near the breakeven line before a
MomentumOptionsTrading.com Weekly Wrap for 7/5/10
7:15pm (EST) The bears continue to build momentum and used a number of negative headlines to punish the bulls for the second consecutive week. It was a clean sweep on all three of the major indexes as the bears won each round daily with some days more impressive than others. The week
MomentumOptionsTrading.com Weekly Wrap for 3/21/10
5:00pm (EST) The bears finally got a victory as they snapped the bulls’ eight-session Dow winning streak on Friday. There were numerous headwinds that made Wall Street nervous as renewed worries over Greece’s debt resurfaced and signs that other countries are/ will be increasing interest rates weighed on the market. Not to mention the healthcare
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 the
MomentumOptionsTrading.com Weekly Wrap for 2/7/10
2:45pm (EST) The market spent much of the day in negative territory on Friday, as economic troubles overseas and a “surprising” unemployment report kept the bulls on the sideline. By 2pm, the market had reached its lowest point of the day as the Dow was down 167 points to 9,835. However, things changed. In
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 government