9:00am (EST) Futures are pointing towards a lower open this morning following declines in the overseas markets and a stronger dollar. The bulls we doing a fairly good job of taking us higher on Wednesday but after the Federal Reserve indicated it would start pulling back some emergency supports asRead more
General Mills Hits Its Numbers
Fed Announcement Expected Shortly
1:15pm (EST) The bulls got a gift this morning as the consumer price index (CPI) for November showed a benign consumer inflation outlook and November housing starts were up. Consumer prices excluding food and energy were flat in November, signaling that inflation isn’t working its way into the economy. ItRead more
Wednesday’s Wakeup Call
Market Struggles To Extend Monday's gains
Futures Pointing Towards Lower Open
9:00am (EST) The bulls got some good news yesterday in the form of the Dubai $10 billion “bailout” package and the Dow’s advance could have been more if Exxon Mobil (XOM, $69.69, down $3.14) didn’t drop 4%. The company said it would acquire XTO Energy (XTO, $47.86, up $6.37) for $30 billion or so andRead more
Exxon Mobil Makes A Purchase
MomentumOptionsTrading.com Morning Update for 12/14/09
MomentumOptionsTrading.com Weekly Wrap for 12/13/09
Bulls Going For Hat Trick
MomentumOptionsTrading.com Morning Update for 12/11/09
9:05am (EST) The bulls got a decent jobless claims number yesterday and used it to push the market higher as the Dow closed slightly above 10,400 following the 68 point bounce. We eventually stalled after the higher open but the market held higher levels for most of the day and closed aboveRead more