9:00am (EST) We mentioned in our midday update on Monday the bulls needed to watch for a bear attack into yesterday’s close and the assault came a little early instead of the final hour. We covered the bear tracks that were left on Friday so we were prepared for someRead more
Bears Crack Support, Bulls Hold into Close
Blue-Chips Lower on Another Mixed Monday/ Profit Alert!!!
11:50am (EST) Shoppers were out on Black Friday as the National Retail Federation reported total spending for the holiday period (Thursday through Sunday) came in at $57.4 billion. Despite the public debate against retailers opening on Thanksgiving Day, 45 million shoppers went out looking for gifts, a 27% increase fromRead more
MomentumOptionsTrading.com Profit Alert (RBS) for 8/14/2013
Bulls Facing Big Test
Bears Crack First Wave of Support
Bulls Prepare for August
9:00am (EST) Special Notice: Subscribers, please study this week’s charts and pay attention to all of the clues the market is giving us. The technical picture is still bullish but there are other developments we need to watch. **************************** If you are not a subscriber but would like to getRead more
Market Slips on Nonfarm Payrolls Report
12:30pm (EST) This morning’s unemployment figures were a little disappointing for Wall Street as most of the slick-talking pros had penciled in a rise to over 200,000 in the Nonfarm Payrolls report. The “average” expectations were for an increase to 185,000 so the 162,000 print wasn’t too far off whenRead more
S&P 500 Triggers 1,700/ Profit Alert!!!
Bulls Recover from Opening Losses
9:00am (EST) Following a dip to support, the market rebounded to close in positive territory following good earnings and a better-than-expected Durable Goods number. The bulls have a slight lead for the week but the bears can still win the week with a little effort. The Dow advanced 13 points,Read more
S&P 500 Struggles with 1,700
12:15pm (EST) The market is mixed as we head into the second half of trading as Apple (AAPL, $442.92, up $23.93) has lead Tech higher while Caterpillar (CAT, $84.25, down $1.27) is weighing on the blue-chips. The head zombie will be speaking later this afternoon on his economic plan andRead more