EOT Update
EOT Position Update – November 21, 2012
November 21, 2012 Market Snapshot Happy Thanksgiving… It’s a holiday shortened week with no options trading available on Thursday and the majority of traders taking Friday off as well. As everyone gets ready to gorge on turkey, cranberries, and pumpkin pie, the S&P 500 is on the upswing. The large cap index is rebounding from […]
EOT Position Update – November 14, 2012
November 14, 2012 Market Snapshot Investors are preparing to go over the cliff… No, there’s not some cultish suicide pact on Wall Street. But the impending fiscal cliff of automatic Federal Government spending cuts and tax hikes is essentially economic suicide. In order to prevent the fiscal cliff from becoming a reality, politicians must put […]
EOT Position Update – November 7, 2012
November 7, 2012 Market Snapshot Obama wins… and the markets lose! Stocks are getting crushed in the wake of yesterday’s landslide victory for President Obama. All of the major averages have given back the gains they accumulated over the last few days and then some. To make matters worse, they’re on pace for their worst […]
EOT Position Update – October 31, 2012
October 31, 2012 Market Snapshot Trick or treat? The US stock markets reopened today after being closed on Monday and Tuesday because of Hurricane Sandy. It was the first time in 27 years the markets had been closed due to weather trouble. The reopening of the market on Halloween didn’t seem to spook investors. The […]
EOT Position Update – October 24, 2012
October 24, 2012 Market Snapshot So far, third quarter earnings season hasn’t been kind to stocks. It’s been especially brutal for large cap stocks in the Dow. 15 out of the 17 Dow stocks that have reported earnings have gone down on the day they released earnings. Obviously, it’s not good for the market when […]
EOT Position Update – October 17, 2012
October 17, 2012 ***Editor’s Note*** Keep an eye out for a new trade later this week. Market Snapshot Third quarter earnings season is in full swing. A few notable companies like IBM (IBM) and Apollo Group (APOL) have reported disappointing results. But they’re the exception, not the norm. So far, 33 of the 44 S&P 500 companies reporting earnings […]
EOT Position Update – October 10, 2012
October 10, 2012 Market Snapshot Another week has come and gone… and the bulls are still searching for a reason to buy. At this point, the lack of a bullish catalyst is glaringly obvious. And without it, there’s little reason for traders to jump back into their bullish positions. What’s more, the bearish news just […]
EOT Position Update – October 3, 2012
October 3, 2012 Market Snapshot As October gets underway, the S&P 500’s in consolidation mode. But it shouldn’t come as a surprise… Don’t forget, the large cap index logged an impressive 16% rally this summer. It went virtually straight up from the low of 1,266 on June 4th to a high of 1,274 on September […]
EOT Position Update – September 26, 2012
September 26, 2012 Market Snapshot US stocks are trading lower, extending yesterday’s losses as worries about the global economy lead investors out of equities and commodities and into safer havens, including Treasuries and the US Dollar. Back again to the global concern… European shares plunged yesterday as investors sought safety away from Euro Zone risk. […]
EOT Position Update – September 19, 2012
September 19, 2012 Market Snapshot The markets closed slightly up for the first time in three days. As I’ve mentioned before, I expect a slightly weaker market as it appears to not be able to go much higher for the time being. So far we have seen small movement down with light volume, both characteristics […]
