Trader Mike
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Posted 1 day ago
Today was almost a replay of yesterday s session minus the last two hours of selling. The Nasdaq climbed back above its 200-day moving average and was able stay above through the end of the day. T
Tags: expiration options
Posted 2 days ago
We saw sellers defend the 200-day moving averages (and other resistance levels) again today. I don t know what caused the afternoon selling but it wouldn t surprise me if it was related to option
Posted 2 days ago
The bulls liked this morning s CPI report and are pushing the futures higher. So it looks like the Nasdaq will gap over the little double-top it formed last week at 2500 and make a move for its 20
Posted 3 days ago
It may be worth paying special attention to the retail sector today since the better than expected April retail sales report has given the futures a boost this morning.On Today s Calendar:10:00
Posted 4 days ago
Buyers really seemed to be on a mission today as they took the market up from the open and pretty much never looked back. The one problem with today s impressive price gains was that volume was on
Tags: sp
Posted 4 days ago
I m surprised there s not a decent sized drag on the futures this mornings due to FedEx and their sneaky, late Friday warning. I guess strength in the dollar is outweighing the FDX effect.On Toda
Posted 1 week ago
It s looking like a rough end of the week for the bulls thanks to AIG, FNM and surging oil. Those who got caught in yesterday s choppy session may want to read Dr. Brett s tips on how to identi
Posted 1 week ago
The retail sales numbers from the likes of Wal-Mart & COstco are boosting the futures a bit this morning. On Today s Calendar:10:00 Wholesale InventoriesMore Calendars: U.S. Earnings Conf. Cal
Posted 1 week ago
The sellers stepped their game up today and wiped out most of last Thursday s gains. Yesterday I was surprised that stocks traded opposite the dollar. That dynamic continued today and oil traded
Tags: sp
Posted 1 week ago
On Today s Calendar:10:00 Pending Home Sales10:30 Crude InventoriesMore Calendars: U.S. Earnings Conf. Calls Surprises IPO EconomicPotential swing trades:See one of the recent Cha
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