8:45am (EST) We learned again yesterday the market is still fragile to headline news, both good and bad. The bulls were once again pushing new highs and testing resistance after good employment numbers but things abruptly went south after another earthquake struck Japan. There was a rush for the exits as theRead more
Rare Element Resources (REE) Surges 16%
MomentumOptionsTrading.com Weekly Wrap for 4/3/11
Good Day, Sunshine
It’s the Final Countdown…
Market Flat Ahead of Last Trading Day for 2010
1:30pm (EST) The market is trading slightly lower despite a bevy of good economic news that should have produced triple-digit gains today. Weekly initial jobless claims drop to a two-year low of 388,000 while the Chicago PMI for December jumped to a 22-year high of 68.6. November pending home salesRead more
Futures Point to Slightly Higher Open
Rare Element Resources (REE) Stays Hot, General Motors (GM) Gets Multiple Upgrades
1:00pm (EST) After a decent open, the market has slipped slightly into negative territory after some disappointing economic news tripped-up the bulls’ momentum. Most sectors are trading flat with Energy being the only standout for the day. There are a few stocks worth mentioning but the action has been lacklusterRead more