9:00am (EST) “If we do clear our “fluff” targets, the market could setup something like this. For the next 2 weeks we get a run past and up to our fluff targets then the market pulls back into April which is when 1Q earnings season starts. By then, companies willRead more
March Madness Ready to Begin
July Highs Within Reach
Market Back In Black
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