11:35pm (EST) Bank of America (BAC, $16.42, down $0.28) November 15 calls (BYOKO, $2.60, down $0.27) Entry Price: $1.50 (6/12/09) Exit Price: $3.00 Return: 100% Stop: CLOSED Action: These calls hit $3.20 on Friday and I had raised our exit target Thursday night to $3.00. BofA traded to a high
Who’s Your Daddy
1:20pm (EST) Make no doubt about it, the bulls are totally in charge of this market. If there was any doubt, today’s breakout has sent the Nasdaq and S&P 500 to new highs. The Nasdaq is up 34 points to 2,007 while the S&P 500 is up 18 to 1,015.
Market's Woes Continue
2:30pm (EST) After spending the first couple of hours in positive territory, the market has given up all of its gains as all three of the major indexes have turned negative. The S&P 500 is getting hitting the hardest as it is down nearly 1%, or 10 points, to 871.
Monday Night Football
11:30pm (EST) Yeah, I knew that headline would get your attention instead of a “Monday Night Wrap”… In what turned out to be a decent day if you are a bull, the market managed mixed gains after spending most of the session in the red. We were looking at a
Bears Rocking Wall Street
Don’t shoot the messenger but we knew it was going to be ugly and after an hour and half into the trading session the Dow is down 275 points, to 7,502. So much for holding that 7,600 level. There is not much green going on at the present moment although