12:15pm (EST) We have another NEW TRADE today so we have to keep our commentary short. The market is continuing to show strength so we are doing some quick trading until we see a break out of this range to possible new highs on the major indexes. The Dow isRead more
Bulls Rocking Despite Bad Philly Fed
Momentum Stocks (DNDN, NFLX, VVUS) Stay Hot
1:15pm (EST) The market has traded near the flat line for much of today’s action with sentiment slightly negative. Perhaps, traders are worried over Alcoa’s (AA, $9.34) earnings after the bell which “officially” starts the 4Q earnings season. We don’t expect much from the company as an earnings miss couldRead more
Freeport-McMoRan Splits, Options Back in Play
1:05pm (EST) We often get asked why we don’t recommend options on stocks like Apple (AAPL, $345.21, up $1.77), Google (GOOG, $609.59, down $0.56) or IBM (IBM, $163.46, down $0.07). These stocks show tremendous price action and there are numerous, other, momentum stocks we do follow but shy away fromRead more
Dendreon Making Noise Again
12:40pm (EST) The market is moving higher today as the Dow now stands 100 points away from 10,000. Currently, the index is up 37 to 9,901 and traded as high as 9,931 earlier this morning. Trading has been fairly light due to the Columbus Day holiday and the bond markets are closed. There are no majorRead more