9:00am (EST) “Although the bulls slipped again last week, September was a month to remember as the market rallied 4%, on average. The indexes failed to make a run at our fluff targets but came close. If there is a pullback or correction, these fluff targets could become yearend targetsRead more
Bulls Pushing Fluff Targets
Bulls Almost Get Clean Sweep
9:00am (EST) The bulls managed to hold onto their gains during the final hour of trading on Wednesday as they once gain pushed resistance but came up short. Since mid-September, the market has drifted lower but is still holding the first wave of support. The lower trading range is stillRead more
Another Strange Session
October Historically Scary
Bulls Motivated to Hold Gains
12:45pm (EST) The market got a nice pop at the open dispite mixed economic news as the bulls look to reclaim prior support levels. Jobless Claims came in better-than-expected while Housing numbers, which have been hot, cooled. Initial Claims fell 26,000 to 359,000 which was the lowest level since July. Read more
Bears Crack First Layer of Support
Trading Range Continues
12:25pm (EST) The bulls got off to a decent start and have gathered some momentum following the better-than-expected economic news this morning. However, the gains have been contained as the bears are holding down resistance. The Case-Shiller 20-City Index came in at 144.6 for July, its fourth straight monthly gainRead more
Apple (AAPL) Clears $700
MomentumOptionsTrading.com Weekly Wrap for 9/16/12
Big Ben Goes All-In
9:00am (EST) The bulls were counting on the Federal Reserve to unleash another round of quantitative easing (QE) and got the hat trick after Ben Bernanke officially signed-off on QE3. We said on Wednesday that The Bernanke needed to overpromise and wow Wall Street which he did. The Fed saidRead more