Posts Tagged ‘CMG’

Market Pulls Back, Chipotle (CMG) Gets Whacked

12:30pm (EST) We mentioned last week that today could be nasty as July options expiration day has favored the bears 70% of the time over the past decade.  Despite some nice Tech earnings, the charts were showing a push to resistance this week after support held on Monday but weRead more

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Bears Hold Weekly Edge

1:15pm (EST) We said no Greece deal would weigh on the market this week and perhaps keep the reins on the bulls.  If the closing bell sounded right now, the week would end mixed with Tech showing the only positive finish.   The Dow came into the week at 12,720 andRead more

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Back on the Bandwagon

9:00am (EST)    Let the stampede begin… Yesterday should have been convincing enough that something real is happening in the market right now.  There has been a vast majority of Wall Street analysts, talking heads, hedge fund and mutual fund managers, and chief market strategists who have called for a market pullback over theRead more

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Big Day For Earnings

9:05am (EST) The market traded in negative territory for the most part on Wednesday although the afternoon session saw more strength.  Trading was choppy after lunch and the bears ended up taking the day as the Dow dipped 20 points to settle at 10,038.  The bulls stepped in when the DowRead more

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Quick Hits

Yahoo (YHOO, $28.54, down$0.01) posted better-than-expected earnings last night but the numbers fell short in what investors were hoping would be a blowout quarter. The company reported 1Q profits of $542 million, or $0.37 a share. The earnings were only a couple of pennies higher than what Wall Street hadRead more

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CFTC Disclosure:

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.