12:45pm (EST) Futures were pointing towards a strong open and we knew when we were typing this morning’s update the bulls would be “good to go”. We have been waiting for months to break out of a trading range from hell and we said once we did we should seeRead more
All Systems Go
Palm (PALM) Drops The Ball
9:10am (EST) The market ended mixed on Thursday despite a number of fantastic earnings reports and an upbeat round of economic data. The bulls took 2-out-of-3 from the bears after the latest jobless report revealed that initial claims for unemployment benefits fell by 5,000 last week. It was the third consecutive decline inRead more
Market Lower After 2-day Rally
Costco Beats Estimates
9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the first Dow stock to announce. We have some other notable names reporting earnings as well but their fiscal year is just ending and they are reporting 4Q earnings. For instanceRead more
Gold Hits All-Time High
1:00pm (EST) The bulls have pushed the Dow to another triple-digit gain and gold has hit an all-time high of 1,044 today. Stocks are seeing their biggest gains in over two months as Gold and Energy stocks are zooming. Halfway through the trading session, the Dow is up 140 at 9,740. The S&PRead more
Hit Me With Your Best Shot
Futures Pointing Towards A Lower Open
Nike Call Options Up 200%
MomentumOptionsTrading Mid-Day Update For 9/28/09
12:30 pm (EST) The bulls are in charge today as they have taken a number of positive developments to move the market higher. Mergers and acquisitions are the rave today as Abbott (ABT, $49.00, up $1.67) announced that it will acquire Solvay’s pharmaceuticals business for $6.6 billion ($4.5 billion euro) in cash. XeroxRead more