11:50am (EST) Shoppers were out on Black Friday as the National Retail Federation reported total spending for the holiday period (Thursday through Sunday) came in at $57.4 billion. Despite the public debate against retailers opening on Thanksgiving Day, 45 million shoppers went out looking for gifts, a 27% increase from
Blue-Chips Lower on Another Mixed Monday/ Profit Alert!!!
Bulls Pushing Fluff Targets
9:00am (EST) “Although the bulls slipped again last week, September was a month to remember as the market rallied 4%, on average. The indexes failed to make a run at our fluff targets but came close. If there is a pullback or correction, these fluff targets could become yearend targets
Bulls Almost Get Clean Sweep
9:00am (EST) The bulls managed to hold onto their gains during the final hour of trading on Wednesday as they once gain pushed resistance but came up short. Since mid-September, the market has drifted lower but is still holding the first wave of support. The lower trading range is still
Another Strange Session
9:00am (EST) The market ended mixed again on Tuesday but this time it was the small-caps and Tech that finished positive while the blue-chips took a hit. There was another push towards resistance by the bulls at the open but we mentioned the bears had momentum in our midday update
October Historically Scary
9:00am (EST) “We came into the week with the market showing a 4% gain for September and we said the indexes were 2%-3% away from our “fluff” targets. With one week left, we were looking for the bulls to get to within 1% of our fluff targets for the month
Bulls Motivated to Hold Gains
12:45pm (EST) The market got a nice pop at the open dispite mixed economic news as the bulls look to reclaim prior support levels. Jobless Claims came in better-than-expected while Housing numbers, which have been hot, cooled. Initial Claims fell 26,000 to 359,000 which was the lowest level since July.
Bears Crack First Layer of Support
9:00am (EST) The bears went to work after our midday update as the market reversed course and ended significantly lower. The bulls pushed near-term resistance in the morning but the rally had started to fade once Wall Street got back from its lunch break. The dip below key levels of
Trading Range Continues
12:25pm (EST) The bulls got off to a decent start and have gathered some momentum following the better-than-expected economic news this morning. However, the gains have been contained as the bears are holding down resistance. The Case-Shiller 20-City Index came in at 144.6 for July, its fourth straight monthly gain
Apple (AAPL) Clears $700
9:00am (EST) The market ended pretty much where it started on Tuesday which was mixed. The action was tight and although the bears pushed the bulls around for for much of the session, no damage was done. The Dow added nearly a dozen points, or 0.1% to end at 13,564.
MomentumOptionsTrading.com Weekly Wrap for 9/16/12
11:30pm (EST) 1. Market Summary 2. Star Scientific (STSI) – Safe Tobacco Catching On 3. Earnings 4. Weekly Wrap Portfolio Update 5. Week Ahead (To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section. We have a ton of charts to go