Monday Market Mayhem
It does not take much to turn this market. In Friday morning’s post I said: “a 5% correction would be good and healthy and we’ll be looking to hold the samelevels we set on the way up on this pullback – those would...
Read MoreAuthor: Philip Davis
Friday Already? Market Manipulation Mania Edition!
What an exciting week this has been. A nice 10% up move in the markets and yesterday the Nasdaq closed green for the year but we’ll have to see if it lasts today. We went short into the close, 60% bearish as two days in a row of...
Read MoreRetail investors paint mixed picture through options
Today’s tickers: XRT, EXPD, RIMM, EWJ, GM, STP, MU, WFC, XLF, JPM & ASH XRT Retail ETF SPDR – Shares of the retail ETF were on the rise today, gaining more than 3.5% to arrive at $23.58. Some traders established bearish...
Read MoreGDPhursday – Big Chart Review
Same as it ever was. It’sa very sad day in the market when I can send out an Alert at 9:48 that pretty much lays out the whole day’s action (move up to 2.5%, pullback to 2%, failure there leading to 1.25% finish). In fact, my...
Read MoreInvestors dispute Monsanto “Hold” assessment
Today’s tickers: MON, HPQ, WFC, MYGN, QCOM, XLI, C, WFR, DRYS, FXI, AMD & RMBS MON Monsanto Company – The St. Louis-based provider of herbicides, seeds, and related biotechnology trait products used to improve farming...
Read MoreWednesday – The Czech Is Bounced!
Now what? We had a pretty good consolidation day yesterday as the levels I posted in the morning generally managed to hold. We were looking for (and finished at) Dow 7,636 (7,660), S&P 805 (806), Nas 1,525 (1,516), NYSE...
Read MorePfizer options active in late trading
Today’s tickers: PFE, HPQ, EFA, C, AGN, VIX, LTD, XHB, SYK, IP & TGT PFE Pfizer Inc. – Shares of the pharmaceutical company have declined slightly by less than 1% to stand at $13.93. Pfizer edged onto our ‘most active by...
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