9:00am (EST) Futures were green throughout Monday and into Tuesday’s open that led to an good day for the bulls. Although there was a little choppiness and a tight trading range on the Dow, the other indexes nudged forward to push highs and breakout territory. (read more…)
Small-Caps Shine, Blue-Chips Lag
Big Week For Bulls and Bears
9:00am (EST) The market continued its incredible comeback as the bulls quieted talk of an impending collapse by rallying back to prior resistance and January highs. The action for February has been breathtaking to say the least and has Wall Street frustrated. The bears used the last 5 trading sessionsRead more
Momentum Options Midday Update for 2/14/2014
Bulls Pushing Green Ahead of 3-Day Weekend/ Special Promotion 1:55pm (EST) We mentioned we would cover strangle option trades in more detail today as we have profiled a number of high double and triple-digit winners over the past several weeks. The Earnings Section in our Weekly Wrap profiles a bevy ofRead more
Disappointing Economic News Can’t Slow Bulls
9:00am (EST) The bears got excited ahead of Thursday’s open as futures worsened on lousy retail sales for January and an uninspiring jobless claims report. The indexes made a slight back test to near-term support but turned positive midday as the bulls reclaimed resistance and held into the close.
Winter Storm Could Slow Trading
Bulls Take a Breather
Bulls Push Second Wave of Resistance
9:00am (EST) The bulls continued their run off last week’s lows as the market finished higher for the fourth-straight session. Tuesday’s surge past the first wave of resistance to the second wave that served as prior support was expected after Fed Head, Janet Yellen, acted more dovish than hawkish ****************Read more
Bulls Stall at Resistance
9:00am (EST) We mentioned Monday could be flat as Wall Street waffled on what Fed Chair Janet Yellen might say today. To no surprise, the indexes finished right at the resistance targets we outlined and bets will be made today on where the market heads from here. (continued…) **************** OurRead more
Bulls Look Confident but Still Have Work To Do
The headwinds were stiff to start the week as the bears pushed another wave of support and came close to breaking Wall Street’s back. The bulls looked tired from the prior week’s battle and it showed as rebounds were sold through Wednesday before the headwinds became tailwinds. Thursday’s strong reboundRead more