1:25pm (EST) The market is mixed as we enter the second half of trading as the indexes have stayed in a tight range today. The Treasury Budget is due out at 2pm (EST) and is the only economic report scheduled. Perhaps the slow action can be attributed to tomorrow’s FOMC
Calm Before the Storm?
MomentumOptionsTrading.com Weekly Wrap for 4/17/11
11:00pm (EST) 1. Market Summary 2. Youku.com (YOKU) – Taking Advantage of China’s Growth 3. Baidu (BIDU) – A Hot Chinese Pancake 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead (To view the charts, please log into the Weekly Wrap Premium section) = = =
Flat Action Favors Bulls
1:00pm (EST) The market is bouncing around on both sides of the ledger today as the bulls try to push through resistance once again. There’s little economic news today so most of the action involves individual stocks. The bears seem content on holding the major averages under resistance following yesterday’s