Posts Tagged ‘Alcoa’

Fastenal (FAST) Falls Back, FOMC Minutes Due

12:40pm (EST) The bulls were struggling to keep losses in check this morning but have gathered some momentum heading into the second half of trading as they try to make up for lost ground over the past few sessions.  There has been strong support at the 50-day moving averages forRead more

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Futures Signaling Lower Open

9:00am (EST)     Yesterday was a big win for the bulls as we often look for market clues to see if the tide is turning.  Following Friday’s sell-off nobody wanted to be long because of the Greece news but we already told you the market was aware of it.  Monday’s $145Read more

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Futures point Towards Slow Start

9:05am (EST)  The bulls pushed hard for Dow 11,000 on Monday and it sure looked like they had the momentum to get there.  After touching a new 18-month high of 10,988 early, the Dow took a breather before ending the day with a 47 point gain, or 0.4%, to settleRead more

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Big Week For Earnings

8:30am (EST) The bulls took the ball and ran with it as the market headed higher throughout the week and finished strong on a number of positive developments.  Things got rolling on Monday when the Dow popped 113 which was followed up with a 132 point gain on Tuesday.  By theRead more

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Bulls Resume Rally

1:00pm (EST) The bulls are resuming their climb towards Dow 10,000 after getting positive earnings from Alcoa (AA, $14.54, up $0.34) and a couple of better-than-expected economic reports.  The Dow added nearly 250 points on Monday and Tuesday and took a breather yesterday as it lost 6 points.  Currently, the Dow is up 93 toRead more

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Alcoa Turns a Profit, Pepsico Pops

9:00am (EST) Futures are pointing towards a big open at the start of today’s trading after Alcoa (AA, $14.20, up $0.31) reported a 3Q profit after the bell on Wednesday.  Wall Street had expected another quarterly loss but Alcoa surprised everyone and pulled earnings of $77 million, or $0.08 aRead more

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Market Lower After 2-day Rally

1:00pm (EST) The bulls are taking a breather following the 2-day rally that has seen the Dow run-up 250 points.  The index hit a high of 9,793 on Tuesday but is currently down 41 points to 9,689.  Still, the momentum the bulls are showing points towards Dow 10,000 in theRead more

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Costco Beats Estimates

9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the first Dow stock to announce.  We have some other notable names reporting earnings as well but their fiscal year is just ending and they are reporting 4Q earnings. For instanceRead more

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Hit Me With Your Best Shot

10:40am (EST) Fire away, hey-hey… The bulls invited the bears into the ring and immediately took the bears best shot.  The unemployment report came in as expected, 9.8%, but the job loss of 263,000 was way more than the 180,000 Wall Street had expected. I told you this morning IRead more

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Next Week's News

12:20pm (EST) With the weekend coming up, it’s always good to plan ahead. Alcoa (AA, $9.20, down $0.02) may have “unofficially” opened earnings season this week but as Thin Lizzy would say…The Boys are back in town, again…. Goldman Sachs (GS, $142.60, down $0.61) will “unofficially” kick off earnings forRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.