1:35pm (EST) The market is down 1% following Friday’s disappointing jobs report but has bounced off its lows as we head towards the second half of trading. The talking heads are debating if the news means a slowdown in the economic recovery but we are more interested in the charts.
Dow Drops Below 13,000
Dow 13,000 at the Close?
1:00pm (EST) The bulls are going for their second weekly win following a slight pullback in the first full week of February and are looking towards March to continue the rally. The bears have done their best to try and break the first wave of support but buyers have stepped-in
Dow Trips 13,000 in Choppy Trading
12:30pm (EST) The market went into the weekend looking for some kind of resolution to a second Greece bailout and futures were strong on Sunday night heading into Monday’s meeting in Brussels between Europe’s top brass. The get together stretched late into the evening but after more finagling, an agreement
Bulls Rebound From Friday’s Pullback
12:45pm (EST) The bulls aren’t taking no for an answer. Futures were pointing towards a strong start after Greece approved austerity measures over the weekend and Barron’s said the Dow could go to 15,000. The “final” word on if Greece will be saved and will get a much needed SECOND
MomentumOptionsTrading.com Weekly Wrap for 3/13/11
10:45pm (EST) 1. Market Summary 2. General Dynamics (GD) – A Knight in Shining Armor 3. Comcast (CMCSA) – A Value Trap? 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead = = = = = = = = = = = = = = = To
Financials Show Strength, Can They be Trusted?
8:30am (EST) The bulls had a fine outing on Tuesday on the strength of lower oil prices and a rebound in the Financial stocks. Trading was flat for the first 30 minutes as the bears tried to push the market lower but with oil hovering below $105, the bulls saw an opening and made a
Intel (INTC) Weighs on Tech but Market Heads Higher
1:00pm (EST) The market opened higher and has traded in a tight range today as numerous headwinds have kept a lid on any momentum the bulls were hoping to gather. All three indexes have made a trip in negative territory but things have turned around as we head into the
Futures Up, Bulls Looking to Rebound
9:00am (EST) The Dow fell 166 points on Friday, or 1.4%, and closed at 11,823. Although the index reached our near-term target of 12,000 last week, we had trouble closing above this level. We also listed key support levels to watch for on a pullback on Thursday and again on Friday. For the
Geopolitical Uncertainty Hammers Market
12:10pm (EST) The volatility is picking up just like we said it would… The market is entering the heart of earnings season and even though there have been some surprises, the bulls have overlooked some of the missteps and appear to be focused on the “next level” for the indexes
No Respect for Microsoft (MSFT), Amazon (AMZN) Slips
9:10am (EST) The bulls struggled to the finish line on Thursday but led the bears for much of the race as all three major indexes finished in the green. We also got our second confirmation that the current rally could have more legs. The Dow gained 4 points to close at