9:05am (EST) The bulls were ready to run following the market’s long 3-day weekend, but the rally stalled as the major indexes ran into key resistance levels which tempered the enthusiasm. We knew yesterday’s rally was suspect, and we had mentioned that we could see a bounce in our Weekly Wrap on MondayRead more
Bears Still on the Prowl
Rally Starts To Fizzle
CBOE Holdings Now Has Options
9:00am (EST) We recently told you about two IPO’s (initial public offerings) that had decent debuts, but we have mixed feelings on, CBOE Holdings (CBOE, $30.86, up $0.55) and Tesla Motors (TSLA, $19.20, down $2.76). CBOE Holdings went public in mid-June and closed at $32.49 on its first day ofRead more
MomentumOptionsTrading.com Weekly Wrap for 7/5/10
Apple (AAPL) Stunned, Dendreon (DNDN) Shunned
1:20 pm (EST) The bears are trying to end the week with an explanation point as the market continues to drift lower after today’s big unemployment report. The government said private employers added 83,000 jobs last month, which was fewer than the 112,000 Wall Street had expected. Overall, 125,000 workersRead more
Futures Slightly Higher After Unemployment Report
Bad News Is Good News For Bears
Bears Continue to Push
9:00am (EST) The bulls were walking on eggshells yesterday. After spending the session walking carefully, they simply got tired in the final hour when things started to crack and ran for the exits. There wasn’t any real “new” news to account for the last-hour slide that has become the norm as the marketRead more