EOT Update
EOT Position Update – November 3, 2010
November 3, 2010 Market Snapshot Let’s face it. The markets are waiting on the Fed. Fed Chairman Bernanke is expected to announce plans for the second round of quantitative easing (QE2) later today. Just this week the ISM manufacturing survey came in much better than expected. But investors shrugged off the great economic data. It […]
EOT Position Update – October 27, 2010
October 27, 2010 Market Snapshot The pace of the major stock market averages advance has slowed as they approach the highs set back in April. The Dow, S&P 500, and NASDAQ are now within striking distance of breaking out to new 52-week highs. The weak dollar has been the primary catalyst behind their recent run. […]
EOT Position Update – October 20, 2010
October 20, 2010 Market Snapshot Fed, Earnings, and China… Oh my! We’re not in Kansas anymore Toto… The markets are caught up in a tornado of uncertainty right now. And who knows, we might just end up in Oz… First off, the Fed’s plan for quantitative easing (QE) is still driving the market. So when some […]
EOT Position Update – October 8, 2010
October 8, 2010 Market Snapshot Those of you watching the markets closely saw shares of Adobe (ADBE) spike yesterday. Investors were speculating Microsoft (MSFT) could be interested in buying Adobe. The catalyst was a New York Times report. Apparently the CEOs of both software companies had met recently. The rumor mill quickly went into overdrive. ADBE jumped from $25.45 to $30 […]
EOT Position Update – October 6, 2010
October 6, 2010 Market Snapshot To be perfectly honest, the market’s recent strength has caught me a little off guard. I’ve been expecting stocks to pull back a bit. And I was hoping to use the pullback to pick up cheap call options on some of the highflyers. But the markets have continued to plow […]
EOT Position Update – September 22, 2010
September 22, 2010 Market Snapshot Watch out! The bulls seized control of the markets in early September. And they’ve pushed stocks to their highest levels in months. It’s caused the S&P 500, Dow, and NASDAQ to clear the upper end of their trading ranges. But be wary, this could be a head fake. Here’s why… […]
EOT Position Update – September 15, 2010
September 15, 2010 Market Snapshot Here we go again… The markets have had a nice rally so far this month. But they’re now approaching resistance from the upper end of their trading range. Take a look at this chart of the S&P 500. The red line is resistance from the upper end of the S&P […]
EOT Position Update – September 8, 2010
September 8, 2010 ***Editor’s Note*** Keep an eye on your email for a new trade soon. Market Snapshot Let’s be honest… There’s a lack of confidence in the economy and stock market. A few better than expected reports on jobs, housing, and retail sales aren’t going to change that. Investors are extremely risk averse. Just […]
EOT Position Update – September 1, 2010
September 1, 2010 Market Snapshot Wall Street is starting September off on the right foot. Stocks across the board are surging higher today. Right now pessimism is “in” and expectations are down. So any good economic data has the potential to fuel a big rally. And that’s exactly what happened today. Today’s catalyst was the […]
EOT Position Update – August 18, 2010
August 18, 2010 Market Snapshot The dog days of summer are here… It’s hot outside and the markets have gone into a summer slump. There’s a lot of noise in the markets right now. On one hand, economic data is weakening. But on the other, earnings are strong and companies are sitting on a mountain […]
