12:25pm (EST) It has been an incredible week (and month) to say the least, and one of historic proportions which is why we love playing this game so much. Trust us, sometimes we know it can be hard to stay the course but being a professional option trader is theRead more
October 28, 2011
Will Monday be a Trick or Treat?
October 26, 2011
Expect Volatility into the Close
October 25, 2011
Bulls Pushing 200-Day Moving Averages
9:10am (EST) The bulls continued their winning ways on Monday following better-than-expected manufacturing data out of China and continued enthusiasm that the European Union (EU) will soon have “plan” in place over the next few days. Meanwhile, stronger-than-expected earnings here at home provided even more strength as the market pushedRead more
October 24, 2011
Bulls Riding Momentum Wave
9:00am (EST) The bulls were riding a 2-week winning streak and looked determined to make it 3-in-a-row coming into Monday’s session which has been a bullish day, historically, during the week of October expiration week. The bears had their own plans and were trying to hold the top of theRead more
October 19, 2011
Intel (INTC) Hits Fresh 52-Week Highs
2:15pm (EST) Despite the headwinds, the bulls are hanging in there. Moody’s (MCO, $32.53, up $0.17) downgraded Spain, again, but these downgrades sound like broken records from the rating agencies. As much as we have been talking about the European debt crisis, does it really make sense to downgrade theRead more
October 19, 2011
Apple (AAPL) Misses, Futures Mixed
9:00am (EST) “We could have a short-covering rally into the close so buckle-up”. Those were our famous last words from Tuesday’s tidbits… We said yesterday we had high expectations for the week and we were disappointed with the start but the bulls got back on track following Monday’s spanking. TheRead more
October 13, 2011
Google (GOOG) on Deck, Rambus (RMBS) Breaks Resistance
12:55pm (EST) Now this is what we call the start of earnings season… Third-quarter earnings got underway on Tuesday with Alcoa (AA, $9.81, down $0.24) “officially” kicking things off but we were looking forward to today’s announcements from JPMorgan (JPM, $31.35, down $1.85), which has already reported, and Google (GOOG,Read more
October 11, 2011
Slovakia Holding up the Show
October 6, 2011
Dow Cracks 11,000; S&P Breaks 1,150
12:35pm (EST) Futures were trading in a tight range ahead of this morning’s jobs data as Wall Street was unsure of what to expect. The news wasn’t bad but it wasn’t inspiring either. Initial Claims came in at 401,000, which matched expectations but moved back above the 400,000 level followingRead more
October 5, 2011
Market Bottom or Dead Cat Bounce?
9:05am (EST) We could tell going into Tuesday’s action there was going to be some scary, downside pressure as futures were pointing towards another triple-digit loss for the Dow. The bulls were still reeling from Monday’s rout following a breakdown of major support levels and the bears had one goalRead more
