EOT Update
EOT Position Update – August 12, 2009
August 12, 2009 Market Snapshot The market’s cooling off this week. It’s no surprise, August typically sees a week or two of low volume trading. They call ‘em the dog days of summer for a reason. I know the 110+ degree heat in Arizona zaps my desire to do much of anything. The good news […]
EOT Position Update – August 5, 2009
August 5, 2009 Market Snapshot Did you see this headline today? It’s a thing of beauty: Pegasystems Announces Record Revenue of $63.9 Million and Net Income of $11.2 Million for Second Quarter of 2009; Increases Guidance for the Year Our call options are up 266% on the news! Returns like this are a perfect example […]
EOT Position Update – July 29, 2009
July 29, 2009 Market Snapshot The S&P 500 is up an impressive 13% in the past few weeks. But the rally is taking a breather so far this week. Not surprisingly, the semiconductors are leading the markets higher. Intel (INTC) kicked things off with better than expected earnings and revenue. We’ve been saying the first signs of […]
EOT Position Update – July 22, 2009
July 22, 2009 Market Snapshot The markets continue to build on the positive momentum as we roll through the earnings season. The technology sector is now the clear cut leader of the market. As I predicted a few weeks ago, the strength in tech is pulling the rest of the market higher. To find evidence, […]
EOT Position Update – July 15, 2009
July 15, 2009 Market Snapshot The S&P 500 is showing signs of life after four consecutive down weeks. The reversal is being spurred by the financial and technology sectors. Thanks to better than expected quarters from two bellwethers, Goldman Sachs (GS) and Intel (INTC). Goldman’s earnings soared 65% to $4.93 per share. And Intel posted a better than expected […]
EOT Position Update – July 8, 2009
July 8, 2009 Market Snapshot The key word this week for the market is volatility. The head and shoulders pattern on the Dow is casting dark shadows over investor moods. Whether you believe in technical analysis or not, this is a situation where a technical pattern could be a self fulfilling prophecy. Especially given all […]
EOT Position Update – July 1, 2009
July 1, 2009 Market Snapshot The blue chip and technology stocks are battling for control of the market. The NASDAQ continues to be the strongest index. And the Dow is lagging behind. There is clearly a divergence (one moving higher and the other lower) within the overall market. I went to charts to find an […]
EOT Position Update – June 24, 2009
June 24, 2009 Market Snapshot The stock market continues to trade in a tight range. The S&P 500 is stuck between 880 and 940. And it’s been there for almost two months. The good news is the 200-day moving average is providing strong support. It should keep stocks from any further dramatic price declines. Right […]
EOT Position Update – June 17, 2009
June 17, 2009 Market Snapshot The markets have been pulling back this week. It’s never easy to see hard earned gains disappear, but I’m actually encouraged by this market action. First off, let me reiterate, pullbacks are a natural part of a trend. I don’t care how strong the trend is, nothing goes straight up […]
EOT Position Update – June 10, 2009
June 10, 2009 Market Snapshot It’s been a slow week for the markets. It’s left me wondering if the old Wall Street adage, “Sell in May and go away” could be true this year. Investors’ lack of conviction to move the market showed up in lower than average volume. It’s left the Dow stuck in […]
