9:05am (EST) Good stuff to talk about this morning… Ben Bernanke had one of his better outings on Thursday as he encouraged the bulls to push higher which helped the market bounce off its lows. We had an iffy open as the bears tried to capture the hill and take back theRead 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
Green Mountain (GMCR) Strangles Estimates
MomentumOptionsTrading.com Weekly Wrap for 3/28/10
7:15pm (EST) All things considered, Friday’s close wasn’t too bad… We were hoping the bulls would post a strong showing going into the closing bell but the market settled near even after spending much of the session marching higher. Of course, Wall Street’s eyes were on Greece and there was a sense of reliefRead more
Fannie and Freddie Under a Buck
Fannie Mae (FNM, $0.73, down $6.31) and Freddie Mac (FRE, $0.88, down $4.22) did their best Enron imitation on Monday as both stocks plunged to under a dollar. Sure, the government bailout was huge for the market but check out the true winners from yesterday. The Fannie Mae September 2.50Read more