9:00am (EST) If you trade options or have ever been exposed to volatility then this isn’t your first rodeo as far as the market. As an option trader you can make a pretty good living by doing a lot of homework and chart reading but no matter how strongly youRead more
Get Ready For the Rodeo
Disney (DIS) Makes Walt Proud, Big Ben Stays Focused
Bulls Pushing Near-Term Targets
Toyota (TM) Lifts Forecast, Shares Up
Futures Slightly Higher Despite China Rate Hike
9:00am (EST) There bulls had another outstanding day as they drove the market to fresh highs not seen since June 2008. There was a mixture of M&A news which we covered yesterday and earnings were better-than-expected for the most part on Monday which provided the momentum for a higher close. TheRead more
M&A News Powers Market Higher
1:10pm (EST) There were a number of mergers and acquisitions (M&A) that were announced this morning which has provided the momentum for the bulls to push higher. Some of the highlights include Ensco’s (ESV, $51.88, down $2.33) $7.3 billion purchase of Pride International (PDE, $39.81, up $5.42) and Danaher (DHR,Read more
Futures Up, Bulls Looking For New Highs
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
Unemployment Rate Falls to 9%
Bernanke Speaks, Market Stable
1:30pm (EST) The market is following yesterday’s pattern of trading in a tight range although the bias has been to the downside. There is still some nervousness over Egypt as the protests have escalated and turned more violent. This situation still bears watching and will weigh on the market asRead more