9:00am (EST) After an up-and-down session, the Dow gained 30 points on Friday, or 0.25%, and closed at 12,092 – its highest level since June 2008. For the week, the index added 269 points, or 2.3%, as the bulls bounced back after having their 8-week winning streak snapped the priorRead more
Futures Up, Bulls Looking For New Highs
Freeport-McMoRan Splits, Options Back in Play
1:05pm (EST) We often get asked why we don’t recommend options on stocks like Apple (AAPL, $345.21, up $1.77), Google (GOOG, $609.59, down $0.56) or IBM (IBM, $163.46, down $0.07). These stocks show tremendous price action and there are numerous, other, momentum stocks we do follow but shy away fromRead more
Unemployment Rate Falls to 9%
Bernanke Speaks, Market Stable
1:30pm (EST) The market is following yesterday’s pattern of trading in a tight range although the bias has been to the downside. There is still some nervousness over Egypt as the protests have escalated and turned more violent. This situation still bears watching and will weigh on the market asRead more
Green Mountain (GMCR) Strangles Estimates
Futures Pointing Towards Lower Start
9:05am (EST) The bulls took another two steps backwards on Monday after failing to capitalize on Friday’s one step forward. We knew last week at some point there would be a “dead cat” bounce or a “short covering” rally but we didn’t expect one before the weekend. However, we had a feeling itRead more