1:00pm (EST) It’s been a tough week if you were bullish on the market trading higher. As we head into the final hours of trading, the Dow is down 150 points to 8,318. The Nasdaq is suffering the most as it is down 2.1%, or 36 points, to 1,678. NewsRead more
Bulls Find No Room to Run/ Ford Put Play
Wednesday's Wake-Up Call
9:15am (EST) Here is a quick rundown of what we have going on: Barrick Gold (ABX, $35.10, up $1.46) May 30 calls (ABXEF, $5.10, up $1.40) Entry Price: $1.35 (4/21/09) Exit Price: $5.00 (5/12/09) Return: 270% We started closing out positions yesterday and most of you should have gotten atRead more
Banks Take Breather
Weekly Wrap for 5/10/09
1. Commentary 2. Breaking Down a GE Trade 3. Blackstone Group Revisited 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Even Alan Parsons would wonder “where do we go from here”… The market continued it solid uptrend last week after getting off toRead more
GE Regains Strength
Diary of an Option Trader
11:15am (EST) The unemployment numbers really threw a monkey wrench in this morning’s trading plan and despite the Dow’s best efforts, we have slipped off of our highs. The unemployment rate jumped again, to 8.9% from 8.5%, as many businesses continue to be cautious from hiring. Selected areas are pickingRead more