12:25pm (EST) The bulls are looking for redemption following last week’s drubbing and are on track to recover nearly all of the losses if the current action holds up. Futures were pointing towards an opening loss of up to 0.5% but after a test lower the market has powered higherRead more
Bulls Poised For Weekly Gain
Bear Crack Major Support
E*Trade On The Block
MomentumOptionsTrading.com Weekly Wrap for 1/18/10
Dow Down Triple-Digits
Intel Crushes Earnings Estimates
9:00am (EST) Intel (INTC, $21.48, up $0.52) blew past Wall Street’s forecast after the bell yesterday and reported some impressive numbers. The company said it earned a profit of $2.3 billion, or $0.40/ share versus $234 million, or $0.04, in the year earlier period. Revenue climbed nearly 30% to $10.6 billionRead more
Intel on Deck
1:45pm (EST) All eyes will be on Intel (INTC, $21.30, up $0.34) after the bell. Wall Street expects $0.30 a share and revenue is expected to rise to $10.2 billion from $8.2 billion last year. Economic News…For retail sales, Wall Street was expecting an increase of 0.5%, weaker than November’s 1.3% increase. We came in worse thanRead more
Google Makes A Stand
9:10am (EST) We told you the volatility pick up… The market was setting up for a steep decline yesterday but managed to bounce back in the last couple of hours after bullish traders stepped in and bought off the lows. This is options expiration week and the kick-off of earnings season so weRead more
Market Retesting Lows
Alcoa Misses Mark, Shares Tank
9:10am (EST) Futures are pointing towards a nasty open this morning after Alcoa (AA, $16.15, down $1.30) disappointed Wall Street with its earnings report. After the bell on Monday, the company reported a $277 million loss for its most recent quarter, or $0.28 a share, compared with a profit of 6 cents a shareRead more