9:00am (EST) The bulls were looking to break out of their early summer doldrums by trying to extend their Weekly winning streak to 2 but fell short on Friday after the bears fought their way back. The end result was another win for the bears instead who have now covered 7 outRead more
June 27, 2011
Bulls Face Pressure as June Winds Down
June 26, 2011
MomentumOptionsTrading.com Weekly Wrap for 6/26/11
June 24, 2011
Bulls Flinch, Lose Grip
1:35pm (EST) The bulls were looking good this morning ahead of the bell as futures were pointing towards a higher open and economic news came out Aces. Although there has been some positive developments concerning Greece, Wall Street has quickly put that scene on its side-view mirror while it nowRead more
June 24, 2011
Bulls Have Weekly Edge
9:00am (EST) The bears were trying for back-to-back wins for the first time since June 8 after starting Thursday’s session at a torrid pace. The bulls were behind the 8-ball from the jump and spent all day playing catch-up after falling behind big-time at the opening bell. However, after some heavyRead more
June 23, 2011
One Step Forward, Two Steps Backwards
1:35pm (EST) The bears are back in business after holding resistance and getting some worse-than-expected economic numbers. Futures were already pointing towards a weak open but got progressively worse as we headed towards the bell after the release of the jobless claims numbers. Initial Claims came in at 429,000 whichRead more
June 23, 2011
Resistance Holds, Trading Range Continues
9:00am (EST) The bulls were looking good on Wednesday and were in prime position to break another layer of resistance but cautious words by Fed Chairman Ben Bernanke stopped the bulls’ 4-day rally. The market held up well in the morning after the non-reaction to Greece’s vote of confidence butRead more
