9:00am (EST) The bulls took a few more baby steps at breaking through another layer of resistance on Wednesday but ran out of gas into the close as the market finished lower after spending much of the day in positive territory. There was a little progress made in the tax-break
BP (BP) Back in the Spotlight
Apollo Group Continues Lower, Auto-Trading Coming In July!
1:10pm (EST) We wanted to bring Apollo Group (APOL, $44.29, down $1.68) to your attention again today as shares have hit another 52-week low. We have been bearish on this stock for a couple years, and we had good success in the past playing options on it. Apollo Group and
BP Hits 13-year Lows
1:00pm (EST) The market is mildly positive after spending much of the morning near the flat line. There have been spurts to the upside, but traders were cautious ahead the disappointing existing home sales report. Although selling pressure picked up after Wall Street got the numbers at 10am the market is still mixed.
Bulls Pushing Resistance (Again)
1:05pm (EST) The bulls are back up to their old tricks as they have started the day in positive territory, but where we end up remains to be seen. The market is testing key resistance levels despite a lower-than-expected number on housing sentiment. The National Association of Home Builders reported its housing
MomentumOptionsTrading.com Weekly Wrap for 6/13/10
7:30pm (EST) The bulls made the most of their opportunities and scored their first weekly win in a month as the market moved back towards key resistance levels. Ben Bernanke and China played an important role in helping the bulls get out of their funk, but will it be enough? Friday’s action was choppy, but there
Bulls Look Nervous Ahead Of Weekend
1:05pm (EST) As impressive as yesterday’s rally was, the bulls are getting no follow through after a lousy Retail Sales report dampened their spirits this morning. The market has been choppy but the bears are holding down any remaining bulls trying to go long over the weekend. Retail sales fell
Big Ben Blows A Save/ BP Hits Fresh Lows
9:00am (EST) The bulls turned the ball over to Fed Chairman Ben Bernanke to help pull them out of their rut on Tuesday, and on Wednesday he was still firing fastballs. The market moved higher on about every word he spoke as the Dow busted through the 10,000 level and reached a high
Is BP the Next Enron?
9:00am (EST) The bulls turned to their closer in the final hour of trading to get back in the win column on Tuesday. Fed Chairman Ben Bernanke gave the the market some good news to go on, but the rally didn’t materialize until late as other headwinds kept things in check. However, after two
Futures Tank After Jobs Report
9:00am (EST) The bulls managed to extend their winning streak to two on Thursday as all three indexes finished in positive territory. Yesterday’s action was choppy to say the least as the market dealt with a barrage of economic news that was both decent and disappointing before finishing slightly positive. The
Bulls Looking To Rebound
9:05am (EST) It has become a familiar pattern for the bears these days to let the bulls think they are doing something before knocking them out with a left hook before the closing bell. Tuesday’s session started off in negative territory as futures were already pointing towards a lower open. The Dow started off