11:30pm (EST) 1. Market Summary 2. The Fight between the Dollar (UUP) & the Euro (FXE) 3. Is First Majestic Silver (AG) Worth a Look? 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead (To view the charts, please log into the Members Area and go to the Weekly
MomentumOptionsTrading.com Weekly Wrap for 5/20/12
Bulls Give Back Gains
12:40pm (EST) The bulls were working on a solid week following Tuesday’s surge as the rest of the days have been relatively flat…until today. We were watching the overseas markets early this morning and futures were up when the European markets opened (3am EST). We hit the rack knowing JPMorgan
Bears Look Ready To Rock the Market
9:00am (EST) The bulls tried to mount a rally on Monday, but they couldn’t grab any momentum as the bears eventually held serve and were able to push the market lower by the closing bell. The damage was minimal, but the overall trend remains intact which is neutral to bearish.
Bulls Throw Kitchen Sink Back At Bears
9:05am (EST) This is getting good… The bulls finally showed some resiliency after what has been a rough two weeks and were determined to end Thursday’s session with a higher close. Not only that, they also brought reinforcements as the rally showed strength into the closing bell. Once again, the
Gold, Oil and the Dollar Oh My!
Wow. Just when it appeared gold was “off to see the wizard..” and was headed for $1,000 an ounce it is now trading for under $800 an ounce. The 20% drop has happened in just six weeks. On July 1, gold was going for $940. This morning, gold was trading