1:35pm (EST) The market is down 1% following Friday’s disappointing jobs report but has bounced off its lows as we head towards the second half of trading. The talking heads are debating if the news means a slowdown in the economic recovery but we are more interested in the charts.
Dow Drops Below 13,000
Dow 13,000 at the Close?
1:00pm (EST) The bulls are going for their second weekly win following a slight pullback in the first full week of February and are looking towards March to continue the rally. The bears have done their best to try and break the first wave of support but buyers have stepped-in
Dow Trips 13,000 in Choppy Trading
12:30pm (EST) The market went into the weekend looking for some kind of resolution to a second Greece bailout and futures were strong on Sunday night heading into Monday’s meeting in Brussels between Europe’s top brass. The get together stretched late into the evening but after more finagling, an agreement
MomentumOptionsTrading.com Weekly Wrap for 3/13/11
10:45pm (EST) 1. Market Summary 2. General Dynamics (GD) – A Knight in Shining Armor 3. Comcast (CMCSA) – A Value Trap? 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead = = = = = = = = = = = = = = = To
Financials Show Strength, Can They be Trusted?
8:30am (EST) The bulls had a fine outing on Tuesday on the strength of lower oil prices and a rebound in the Financial stocks. Trading was flat for the first 30 minutes as the bears tried to push the market lower but with oil hovering below $105, the bulls saw an opening and made a