2:30pm (EST) We would like to see a slow fade in the final hour of trading but if the bulls keep pushing look for 12,800 to hold on the Dow. For the S&P 500 we are looking for 1,350 to hold. As far as Tech, we would like to seeRead more
Closing Index Targets
Bernanke Surprises Wall Street
1:10pm (EST) Futures were slightly up when the European markets opened and got progressively better following good news out of Germany as its Sentiment Index unexpectedly rose. Meanwhile, positive comments from Fed Chairman Ben Bernanke gave futures another lift higher which led to a strong open. Bernanke hinted at anotherRead more
E*Trade On The Block
MomentumOptionsTrading.com Weekly Wrap for 1/18/10
Intel Crushes Earnings Estimates
9:00am (EST) Intel (INTC, $21.48, up $0.52) blew past Wall Street’s forecast after the bell yesterday and reported some impressive numbers. The company said it earned a profit of $2.3 billion, or $0.40/ share versus $234 million, or $0.04, in the year earlier period. Revenue climbed nearly 30% to $10.6 billionRead more
Intel on Deck
1:45pm (EST) All eyes will be on Intel (INTC, $21.30, up $0.34) after the bell. Wall Street expects $0.30 a share and revenue is expected to rise to $10.2 billion from $8.2 billion last year. Economic News…For retail sales, Wall Street was expecting an increase of 0.5%, weaker than November’s 1.3% increase. We came in worse thanRead more
Google Makes A Stand
9:10am (EST) We told you the volatility pick up… The market was setting up for a steep decline yesterday but managed to bounce back in the last couple of hours after bullish traders stepped in and bought off the lows. This is options expiration week and the kick-off of earnings season so weRead more
Market Retesting Lows
Alcoa Misses Mark, Shares Tank
9:10am (EST) Futures are pointing towards a nasty open this morning after Alcoa (AA, $16.15, down $1.30) disappointed Wall Street with its earnings report. After the bell on Monday, the company reported a $277 million loss for its most recent quarter, or $0.28 a share, compared with a profit of 6 cents a shareRead more