9:00am (EST) Move over McDonald’s (MCD, $91.43, up $0.42), we are lovin’ the bears right now. It’s rare the market gives you this many clues to trade but we have been telling you for months this is one of the BEST environments we have seen in years to trade options.
Bears Take Fourth Straight
McDonald’s, GE Power Dow
1:00pm (EST) The bears are getting smoked on 420 Day as the bulls try to hit new highs before the weekend. There have been a number of good earnings before the bell which has helped support today’s gains. General Electric (GE, $19.51, up $0.37), a Dow component, is trading higher
Greece Deal Expected Soon
1:30pm (EST) The market is trading higher as we head get into the second half of today’s session as Wall Street sees an agreement to a Greek debt deal likely getting done. The news could hit before the closing bell so expect volatility in the final hour today. Trading has
McDonald’s (MCD) Slips, Bulls Keep Pushing
12:30pm (EST) The bulls are in the green after a better-than-expected jobless claims report and news that the trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years. The U.S. international trade balance level for July came in at $42.8 billion versus estimates
McDonald’s Is Lovin’ It
12:50pm (EST) The bulls have kept the market in positive territory for the majority of the session although the bears sniffed red shortly after the open. The Dow and S&P 500 briefly slipped into negative ground but quickly bounded off their lows and are challenging key resistance levels once again.