Another Battle Begins 11:00pm (EST) Earnings season officially got underway last week and so far it favors the bears going
9:00am (EST) The bears continued to pressure the bulls on Monday as a choppy session favored short-sellers into the close. Selling
9:15am (EST) It what comes as no surprise, CIT Group (CIT, $0.72, down $0.23) made it official by filing for Chapter
12:40pm (EST) Is it me or does it feel like we are watching paint dry? In what should have been
1:00pm (EST) The bulls are trying to get the market higher today after starting off the session behind the 8-ball.
9:00am (EST) The bulls and bears are having a battle this week and the action has been intense. On Wednesday, heavy punches
11:30pm (EST) Folks, we are planning to launch our new option picks service by September 1st. There will be
9:40am (EST) I waited a few minutes to see how we opened so I could give you an early read
9:30pm (EST) I didn’t like the afternoon action today as the market came off its highs. The futures are slightly
11:30pm (EST) 1. Commentary 2. Checking in on the VIX 3. Baltic Dry Index Continues To Tank 4. Earnings 5.
9:15am (EST) European markets are bleeding red and the big talk is China’s Shanghai stock market which has fallen 5%
11:00pm (EST) Abercrombie & Fitch (ANF, $31.54, down $2.71) September 32 puts (ANFUJ, $2.20, up $1.00) Entry Price: $1.25 (8/14/09)
1:00pm (EST) Abercrombie & Fitch (ANF, $31.96, down $2.29) is down 7% today and the September 32 puts (ANFUJ, $2.00, up
1. Commentary 2. Allocating Option Trades 3. Putting a Collar Option on Your Investments 4. Earnings 5. Current Trades
9:15am (EST) The Dow futures are lower by 13, and Nasdaq futures are down 8 points as we head towards the
9:20am (EST) Futures are pointing towards a higher open this morning despite a couple of iffy economic reports. The Dow
11:50am (EST) The market continues to trade lower as the Dow is now off by triple-digits. At 9,234, the 103
10:45am (EST) There’s not a lot of green out there as the bulls are taking a breather ahead of the FOMC
9:30am (EST) Bank of America (BAC, $16.68, up $0.26) November 17.50 calls (BYOKZ, $1.50, up $0.10) Entry Price: $1.25 (8/10/09)
11:35pm (EST) Bank of America (BAC, $16.42, down $0.28) November 15 calls (BYOKO, $2.60, down $0.27) Entry Price: $1.50 (6/12/09)
1:10pm (EST) The Dow has come off its high of 9,288 and is currently up 83 to 9,255. After such
10:15am (EST) I wanted to see how we opened this morning before posting so I could get a feel for
11:15pm (EST) Ford (F, $7.39, up $0.27) December 6 calls (FLI, $1.85, up $0.20) Entry Price: $1.25 (5/18/09) Exit Price:
1:00pm (EST) The bulls seem to be on vacation this week and the ones left behind are trying to hold
9:00am (EST) Futures are pointing towards a negative open after Durable Goods orders came in lower than expected. Dow
I have taken your requests and have tweaked how I’m going to profile the trades we are currently following and
10:30am (EST) We have a tiger by the tail… The Dow is currently up 75 points to 8819 while the
10:00am (EST) I was jamming to Queen’s classic hit song on my iPod last night and started wondering if Wall
8:00am (EST) Two words for today. IBM (IBM, $107.22) and Google (GOOG, $438.17). But before we get to that
Intel (INTC, $18.05, up $1.22). Even better was the fact that the company also issued higher guidance for the third
9:20 am (EST) Intel (INTC, $18.07, up $1.24) is powering the futures higher after beating Wall Street estimates by 10
7:30am (EST) Futures are sharply lower this morning so many of these positions will have to be watched closely. There
1. Commentary 2. Earnings 3. Current Trades & Closed Trades 4. Closing Thoughts ************************************************** 1. Commentary The market ended the
8:00am (EST) Sorry for the delay on this one. Lost my Internet connection for awhile last night due to a
8:45pm Wednesday night (EST) The market started off on a good note after we got a great Durable Goods report
It was a brutal Monday for the market if you were a bull as all three major indexes took a beating.
It was another struggle for the bulls as Wall Street ended Wednesday’s session with mixed reviews. The President had a
12:10pm (EST) Three servers went down on the NYSE and trading in Exxon Mobil (XOM, $73.50, down $0.55), General Electric
9:00am (EST) Cisco Systems (CSCO, $18.88, up $0.16) made a run over $19 as the July 19 calls (CYQGA, $0.98,
1. Commentary 2. Breaking Down a GE Trade 3. Blackstone Group Revisited 4. Earnings 5. Current Trades 6. Monday Morning
3:00am (EST) I was up late last night working on a few trades that I might deploy this morning when
11:20am (EST) Bank of America (BAC, $14.60, up $1.91) touched $15 earlier this morning and the June 13 calls (BYOFM,
9:20am (EST) The financials stocks rallied yesterday and one particular trade we had on our Watch List was a play
9:00am (EST) I spent much of yesterday just catching up on news that I missed and getting a feel for
9:15am (EST) Look for some news on Friday with some of the government’s top brass meeting to talk the upcoming
1:50pm (EST) I mentioned a slew of names and trades in the Monday Morning Playbook in the Weekly Wrap Sunday
Citigroup (C, $4.01, up $0.21) was rolling again yesterday morning and managed to trade as high as $4.48 within the
1. Commentary 2. Take-Two Interactive Back in Play? 3. Banking on Bank of America Pays Off 4. Earnings 5. Current
1. Commentary 2. Take-Two Revisited 3. Is Dendreon Headed for Double Digits? 4. Earnings 5. Current Trades 6. Monday Morning
Bank of America (BAC, $7.67, up $1.40) had another fantastic outing as the stock added another 22% today. Talk about
After a strong start, the market fizzled and ended the day with the short end of the stick. The Dow
What a difference a week makes. If you have been a regular reader of the blog then you know how
So is this the bottom for financial stocks? If it is then they made a heck of a bounce on
Not much has been happening with AutoZone (AZO, $141.08, down $2.80) since I profiled the stock on Tuesday. The March
Futures are up sharply this morning after news surfaced late last night that the government will increase its stake in
1. Commentary 2. Gold and Platinum 3. Trading Bank of America 4. 2008/ 2009 Portfolios 5. Current Trades 6. Earnings
Research in Motion (RIMM, $41.87, down $0.23) is trading lower again this morning and has hit a low of $40.97.
1. Commentary 2. Oil and Gold 3. Options Education 4. Credit Spreads 5. Current Trades 6. Earnings 7. Closing Thoughts
Yesterday morning before the marlet opened, I had mentioned a couple of March call options for Bank of America (BAC,
The market hates uncertainty and Tuesday all Wall Street could do was watch with despair as stocks were sent plunging.
Yes, I’m working overtime today. But today is important and I wanted to make a few observations for those of
The financial stocks opened strong this morning despite the fact that futures were sharply lower this morning. Also, the $700
1. Commentary 2. Straddle’s Part 2 (Amazon Keeps on Rolling) 3. Financial Sector (open positions) 4. Akamai Technologies 5. Current
With 15 minutes left in the trading session, the financial stocks are going gangbusters. Bank of America (BAC, $6.15, up
Have you been noticing the move in Goldman Sachs (GS, $92.85, up $4.88) this week? The stock is up $12
The buzz on Wall Street this morning is the availability of the just released list for the thousands of victims
1. Commentary 2. Financials 3. Techs 4. Biotechs 5. Earnings 6. Closing Thoughts ************************************************** 1. Commentary The market continued its
Hello $30’s, goodbye $40’s. That is the story with HSBC Holdings (HBC, $39.00, down $3.19) which is down another 6%
The Dow had its worst day in 2009 on Wednesday and after what looked like a promising start to the
After weeks of failing to attract a buyer, Lehman Brothers Holdings (LEH, $0.21, down $3.44) played its last card on
