9:00am (EST) The bears did some technical damage yesterday as near-term support faded following a 1% drop in the major indexes. The bulls held the second wave of support but the action was bearish and today’s session could be crucial on who has the upper-hand heading into next week’s UncleRead more
Bears Push Support, Market Teetering
China's Curveball Rocks Market, Bank Of America (BAC) Tanks Again
9:00am (EST) The bulls got their first scare for October after China dropped a bomb on Wall Street yesterday with an interest-rate hike, their first such tightening in 3 years. There were a number of “better-than-expected” earnings reports but there were a few clunkers which also weighed on stocks as the major indexes experienced theirRead more
Apple (AAPL), IBM Can't Satisfy Wall Street
8:50am (EST) You can’t always get what you want… The bulls finally got some good news from the Financial sector as Bank stocks helped push the market higher on Monday. We talked about Citigroup’s (C, $4.17, up $0.22) numbers yesterday as the company reported a better-than-expected quarter and also said itRead more
Bulls Feeling Good
Gold $5,000?
NEW OPTION TRADES
12:00pm (EST) Current subscribers, please check the Members Area or your email for two new trades today. We will be back at 1pm with our regular update. These trades are listed in the Members Area NOW… ]]>
MomentumOptionsTrading.com Morning Update for 12/02/09
It’s as if the Dubai news never happened… The market picked up more momentum on Tuesday, as the Dow added 126 points to close at 10,471. We mentioned in the Weekly Wrap there was evidence of “baby bulls” when we were talking about Friday’s market correction… “The Dow was pressured right from theRead more