9:10am (EST) We often talk about Abercrombie & Fitch (ANF, $32.67, down $3.54) and Apollo Group (APOL, $63.94, up $0.24) in a negative light when we report the news on these two companies and there is a reason why. We don’t trust them. As an option trader, you will learn there are quiteRead more
Abercrombie, Apollo Can't Be Trusted
Keep Your Eyes On The Road
Eye On The Prize
Market Struggling With Direction
Futures Point To Lower Open
9:00am (EST) The bulls managed to stage a late comeback yesterday as they pulled the market from its lows and managed to take two-out-of-three “rounds” from the bears. The S&P 500 managed a 3.5 gain to settle at 1,136 while the Nasdaq posted a half-point to close at 2,308. The Dow openedRead more
Good News Galore
Bulls Looking For Momentum
Bulls Come Out Running
1:10pm (EST) We have updated all of the current trades we are following and they continue to do well. We are running behind so our commentary will be light as we have been spending our morning updating and watching the trades. Current subscribers were delivered another NEW trade this morningRead more
Futures Pointing Towards Higher Open
7:45am (EST) We said in last night’s Weekly Wrap that all eyes will be on the dollar and Friday’s jobs report. As expected, the dollar rose to a two-week-high against the euro this morning and Wall Street is placing bets that Friday’s U.S. employment data could continue to point toward a recovery. As weRead more
MomentumOptionsTrading.com Weekly Wrap for 1/3/10
10:40pm (EST) We were busy on the last trading day of 2009 adjusting trades and locking in gains on half positions. We even did a market update late in the afternoon and mentioned the bears had controlled much of the action but the damage was minimal. However, selling accelerated in the lastRead more