1:15pm (EST) The bulls are gaining a little traction today despite the slick weather here on the East Coast and Wall Street after getting some encouraging economic data this morning. The gains have been limited as the major averages once again try to break resistance but things are looking sweet.Read more
FedEx (FDX) Misses Estimates But Offers Rosy Outlook
Whole Lot of Nothing
Bears See an Opening
9:00am (EST) The market finished Wednesday slightly higher as the bulls managed to push the major indexes right up to major resistance levels ahead of this morning’s unemployment report. The Dow started off in negative territory before finishing the session with a gain of 46 points, or 0.4%, and closedRead more
Bulls Battle Back, FedEx (FDX), (RIMM) on Deck
1:00pm (EST) The market started the session off in negative territory after a poor reading on manufacturing activity in New York gave the bears some confidence. The Empire State Manufacturing Survey Index for September came in at 4.1, which was below estimates of 6.4. The results were significantly lower from the 7.1 reading lastRead more
MomentumOptionsTrading.com Weekly Wrap for 8/22/10
FedEx (FDX), New Homes Sales Lift Market
Market Flat As Bulls And Bears Battle
1:20pm (EST) The bulls are taking a breather from yesterday’s strong rally, and the bears are trying to recover. The market has traded lower for much of the session but did venture into positive territory earlier in the day. There is a bunch of headlines news, some good and some bad, andRead more
Crunch Time
9:00am (EST) Tuesday was a big day for the bulls and the market, overall, after the latest rally pushed the major indexes past current resistance levels. There were a number of positive catalysts the bulls used to run the market higher, and now that they are king of the hill again, it will beRead more