9:00am (EST) The bulls gave up an early lead to the bears at the open but they were able to rebound to make it a tight race by the closing bell. It wasn’t a photo finish by any means but Tech showed some strength and the small-caps were up overRead more
Bulls Fight Back to a Tie
Market Gets Shaky Ahead of Bernanke
12:40pm (EST) It figures the major indexes would go into Friday’s big Bernanke speech right at support, providing current levels hold. Today’s 1% pullback could be a stark reminder that if Big Ben can’t deliver some good news for the bulls, things could get ugly in a hurry. Tomorrow’s JacksonRead more
One Down, Four to Go
Market Up, 2 NEW TRADES!
Bears Get Slight Win, Again
Bulls Rebound as Trading Range Continues
9:00am (EST) The bulls and bears continued trading punches on Tuesday as the market rebounded from Monday’s losses and added a half-percent despite Ben Bernanke’s somber tone on the economy. Much of the early action favored the bears as they pushed near-term support within the first hour of trading andRead more
Big Week for Bulls, Bears and Bernanke
9:00am (EST) “The bulls were on the verge of a breakout last week and we often mention how support and resistance can get “stretched”. Coming into June, the bears had all the momentum following May’s selloff and while we thought there could be further weakness, we knew the indexes wereRead more
MomentumOptionsTrading.com Weekly Wrap for 7/8/12
Obama: “Jobs Going in Right Direction”
12:20pm (EST) Market breakouts and breakdowns are hard to call when an index or a stock are stuck in a trading range. Often times, support and resistance can get stretched which can test your patience so it’s important to keep your emotions in check despite the temptation to change yourRead more
Bulls Near Breakout
9:00am (EST) The market ended higher on Tuesday’s shortened session as the bulls pushed our upper end targets and came one step closer to a breakout. Economic news came in better-than-expected for the most part and news from overseas was relatively quiet. The Dow gained 72 points, or 0.6%, toRead more