Bulls Make Another Run 8:00pm(EST) The futures were pointing towards a nasty opening for the market early Friday morning but things got better as the bulls starting rising with the sun. Thursday’s surprise discount rate hike by the Fed after the market closed scared the be-Jesus out of everyone as the
MomentumOptionsTrading.com Weekly Wrap for 2/21/10
Toyota’s Woes Continue
12:10pm (EST) The bulls are still running, albeit at a slow pace, as the market is higher for the third consecutive day. The Dow is currently enjoying a 20 point pop and is at 10,328. The S&P 500 is back at 1,100 and is up a point while the Nasdaq
Dendreon Holding Steady/ Close April Calls
8:45am (EST) Dendreon (DNDN, $6.37, down $0.21) has held above $6 all week after hitting a high of $7.35 on Monday despite numerous “sell” recommendations on the stock. This has killed all of the momentum as talking heads continue to talk negative about the move the stock has made. By
Toyota Motors Headed Below $70?
11:45 am (EST) Toyota Motors (TM, $73.06, down $0.61) looks like it could be headed below $70 and I like the April 70 puts (TMPW, $1.35, down $0.05) here at these levels for a quick one or two day trade. I would not pay more than $1.40-$1.45 for the puts