-
Tesla, Amazon, Apple: These Options Data Reflections May Just Spoil Your Monday Morning Mood
Monday, March 27, 2023 - 5:16am | 384Despite witnessing volatility, major Wall Street indices closed in the green last week. Market participants will now be watching out for the release of Personal Consumption Expenditures price index this week, which is the Federal Reserve's preferred measure of underlying price pressures....
-
DoorDash, DraftKings: What Levels Could These Soaring Stocks Hit Brakes Next Week?
Friday, February 17, 2023 - 8:36am | 396Shares of DraftKings Inc. (NASDAQ:DKNG) and DoorDash Inc. (NYSE:DASH) have seen a significant surge this year. DraftKings: Shares of DraftKings, a sports betting company, have risen over 61% since the beginning of 2023. The company reported a revenue of $855 million for the quarter-ended December,...
-
Premarket Stock Talk: Turnaround Tuesday, Can 1300 Hold?
Tuesday, June 12, 2012 - 8:46am | 134Listen to today's Premarket Stock Talk here. What a sell-off yesterday, with a short-lived rally up until everyone came in with their selling shoes. The guys over at Pre Market Info analyze today's levels, Apple's (NASDAQ: AAPL) news, opportunity for shorts in Microsoft (NASDAQ: MSFT), and "...
-
Uncovered Calls: Ten Ways to Take Another Look
Thursday, April 5, 2012 - 11:43am | 948The naked call is probably the highest-risk option strategy of all, right? Not necessarily. I have to admit that for most of the 35 years that I have been trading options, I always associated risk with specific strategies. But recently I have begun questioning this assumption, and I have come to...
-
What, Actually, Is Support And Resistance?
Monday, January 23, 2012 - 5:23pm | 346Those who philosophize about the root causes of market movements will have certainly come to the conclusion that there is an ongoing battle between bullish and bearish participants. To help you understand this concept better, let us use a metaphor: Imagine resistance being an immense wall that...
-
Will Wednesday's EFSF Proposal Disappoint Investors?
Tuesday, October 25, 2011 - 12:12pm | 669That answer depends on where you stand. The markets have been very headline-driven lately. It seems as though whenever a figurehead at home or abroad speaks about bailouts, recapitalizations, etc., markets seem to swing wildly. This is not a surprise as nobody knows where to put their money...
-
S&P 500 Large Cap Index ( SPX ) and S&P 500 SPDRs ( SPY ) Just a Little Bit Further
Friday, March 5, 2010 - 2:58am | 249The S&P 500 Large Cap Index ( NYSE:$SPX ) spent the day "killing time " with a session close of 1122.97 . The S&P 500 SPDRs ( SPY ) gained 0.34 points to close at 112.64 . There may still be some upside to go but we may have to wait until Monday for that event. It will probably be a "...
-
S&P 500 Large Cap Index ( SPX ) and S&P 500 SPDRs ( SPY )
Thursday, March 4, 2010 - 8:04am | 289The S&P 500 Large Cap Index ( NYSE:$SPX ) and the ETF S&P 500 SPDRs (NYSE: SPY) continued to test new resistances in search of the Top of this Bear Market Rally. In the last session the Index stopped dead at the Fibonacci level 1125.6 . The high of 1125.64 was reached early in the session...
-
S&P 500 Large Cap Index ( SPX ) and S&P 500 SPDRs ( SPY ) _ The Last Gasp ?
Monday, March 1, 2010 - 5:19am | 291The S&P 500 Large Cap Index ( $SPX ) and the ETF S&P 500 SPDRs ( SPY ) continued their quest to arrive at the TOP. The $SPX Index gained 1.55 points to close at 1104.49 and the ETF SPY gained 0.07 points to close at 110.74 The technical indicators, as well as other analytical methods all...
-
Fluor Corp ( FLR:NYSE )
Sunday, February 28, 2010 - 1:46pm | 239The shares of Fluor Corp ( FLR:NYSE ) gapped down on 2252010 after fourth-quarter profit fell short of analyst expectations, and the Company cut its guidance for 2010 stating that orders remain weak and they expect delays in large projects . That news helped reinforce the direction of the...
-
S&P 500 Index ( SPX ) and S&P 500 SPDRs ( SPY ) - Is the Correction Finished ?
Wednesday, February 24, 2010 - 9:28am | 247Finally the S&P 500 Large Cap Index ( $SPX:NYSE ) continued with the minor correction and finished down 13.41 points at 1094.60. The correction may not be finished and the Index could go down to 1086 before the correction is completed. If the correction is completed, then the Index should...
-
S&P 500 Index ($SPX) & S&P 500 SPDRs (SPY)
Thursday, February 11, 2010 - 9:47am | 249Throughout the night session the price of the S&P 500 E-mini ( ESHO:CME) has been oscillating like a seismograph chart . At the present time the Futures are indicating a positive open. The S&P 500 Index ($SPX:NYSE) and the ETF S&P 500 SPDRs (SPY:NYSE) have formed long legged Dojis in...
-
Where goes the S&P 500 Index (NYSE:$SPX) so goes the S&P 500 SPDRs (NYSE:SPY)
Thursday, February 4, 2010 - 8:21am | 179On the 2nd of February the S&P 500 Index (NYSE:$SPX) failed to remain above 1103.36 , a Fibonacci sub level from the rise 666.79 - 1150.45 . Today, February 3, 2010 it had, by my rules, to test the level 1095.31 which it did with the Low of 1093.97. The Close @ 1097.28 left the Index below a...
-
Destiny Media Technologies Inc (OTCBB:DSNY) Doubles Revenue, Stock Sleeps
Thursday, January 14, 2010 - 1:05pm | 140It's no fun - but rarely a surprise - to see a stock fall on bad news. But, when the news is good (like an 89% jump in quarterly revenue) and the stock doesn't budge, it can be downright alarming. That's exactly what's happening with Destiny Media Technologies Inc. (OTCBB:DSNY). The company nearly...
-
Ready Mix, Inc. (AMEX:RMX) Up. But Not Yet Breaking Out
Wednesday, January 13, 2010 - 2:46pm | 100Ready Mix, Inc. (AMEX: RMX) is coming in as one of the day’s biggest winners, with its 7.3% jump. Investors may want give it some thought before piling on though. The move is nothing we haven’t seen from Ready Mix, Inc. before, and the last several instances have all been followed by lower lows....