MomentumOptions.com Pre-Market Update for 9/15/2025
Nasdaq Clears 22,000
* For the week, the Nasdaq was added 2% and the S&P jumped 1.6%. The Dow gained 1% while the Russell edged up 0.3%. Year-to-date, the Nasdaq has advanced 14.7% and the S&P has popped 11.9%. The Dow is high by 7.7% and the Russell is up just over 7%, for 2025.
* The major indexes continue to show parabolic numbers off the April 7th intraday lows with the Nasdaq now up 50% and the Russell at 38%. The S&P has rallied 36% from its early April low and the Dow has soared 25%.
* The relative strength index (RSI) levels for the major indexes are in the 60’s with the Nasdaq’s the highest at 68. With the Fed news on a rate cut due out this month, it is possible the market trades up another 2%-3% before a sell-the-news pullback occurs. This would push RSI levels near 70 and overbought conditions once again.
The major indexes tapped another round of all-time and 52-week highs on Friday but were mixed on the close after key resistance levels were cleared earlier in the week. The charts show upside of another 2%-3% over the near-term and there are a number of events coming up that could help or hinder the current breakout.
The Nasdaq tested an all-time high of 22,182 while ending at 22,141 (+0.4%). Undefined resistance at 22,250 held. Support is at 22,000.
The S&P 500 settled at 6,584 (-0.05%) after testing a record peak of 6,600. Resistance at 6,600 was kissed and held. Support is at 6,550.
The Dow made a run to 46,077 before closing at 45,834 (-0.6%). New support at 45,500 held. Resistance is at 46,000.
Earnings and Economic News
Before the open: Hain Celestrial Group (HAIN)
After the close: Dave & Buster’s Entertainment (PLAY), High Tide (HITI)
Economic News
Empire State Manufacturing Survey – 8:30am
Technical Outlook and Market Thoughts
For the week, the Nasdaq was added 2% and the S&P jumped 1.6%. The Dow gained 1% while the Russell edged up 0.3%. Year-to-date, the Nasdaq has advanced 14.7% and the S&P has popped 11.9%. The Dow is high by 7.7% and the Russell is up just over 7%, for 2025.
The major indexes continue to show parabolic numbers off the April 7th intraday lows with the Nasdaq now up 50% and the Russell at 38%. The S&P has rallied 36% from its early April low and the Dow has soared 25%.
The Russell 2000 cleared and held key resistance at 2,400 on Thursday but failed to hold this level on Friday. Thursday’s fresh 2025 peak reached 2,422. Continued closes above 2,400 keeps the all-time high from last November at 2,466 in the mix. Our 2025 price target for the index from February 23rd, 2024 is at 2,500 and about 4% away.
Current support is 2,375 with backup at 2,339 and the intraday low from August 25th and 26th. If 2,339 fails to hold on a close, there is risk to 2,275 and the 50-day moving average.
The Nasdaq tagged a lifetime peak of 22,182 on Friday with fresh resistance at 22,000 getting cleared and holding on Thursday. Continued closes above this level sets up a run to 23,000-23,250 on our revised price target from August 11th. Our previous targets for the index had been at 20,000 when the index was at 15,996 on February 23rd, 2024 and 22,000 this past January.
Support is at 21,750-21,500 followed by 21,250-21,000 and the 50-day moving average. A move below the latter two levels would be a slightly bearish signal with weakness towards 20,500.
The S&P 500 also set a new record high of 6,600. We said on August 11th that closes above 6,500 would be bullish for ongoing strength towards 6,700-6,750.
Support is at 6,550-6,500. A close below the latter likely leads to a retest to 6,350 and the 50-day moving average.
The Dow hit an intraday record high of 46,137 on Thursday with undefined and lower resistance at 46,250-46,500 easily holding. A close above the latter would imply ongoing upside to 47,000-47,250. Our Price Target from February 23rd, 2024 for the blue-chips is at 50,000.
Support at 45,750-45,500 with backup help is at 45,250-45,000 and the 50-day moving average. A close below the latter levels would signal a near-term top with additional weakness down to 44,000.
The Volatility Index (VIX) traded up 14.97 with shaky resistance at 15 holding. A pop above this level gets 16-16.50 and the 50-day moving average back in play. More important resistance for the bears is at 17.50 and the 200-day moving average. A close above 20 would be a very bearish sign for the bulls and the major indexes.
Support is at 14.25-14 with Friday’s low at 14.41. There is still a chance 13.50-12.75 comes into play on closes below the latter.
The relative strength index (RSI) levels for the major indexes are in the 60’s with the Nasdaq’s the highest at 68. With the Fed news on a rate cut due out this month, it is possible the market trades up another 2%-3% before a sell-the-news pullback occurs. This would push RSI levels near 70 and overbought conditions once again.
There could also be some hesitation in the market ahead of the third-quarter earnings season that will start in October. In any event, the bears have several layers of support to crack before we can say a near-term top is in.
The regular monthly October options have 32 days before expiration on Monday’s open. The regular monthly November options have 67 days before expiration. We have updated our current Alerts and we have Stop Limits on three of them to protect profits. We could also have New Alerts this week so stay on the lookout.
Momentum Options Alerts Update
Closed Momentum Options Trades for 2025: 41-13 (76%, 15 triple-digit winners) / 2024: 77-17 (82%, 38 triple-digit winners). Please remember, all “Exit Targets” and “Stop Targets” are targets. You should not have any “Stops” entered to close any alerts or “Limit Orders” in your brokerage account unless we list one. We will send out an “Alert” or “New Alert” if we want you to close a position or if a new position comes out. Otherwise, follow instructions at all times in the updates on Monday’s and Thursday’s along with Text Alerts and videos throughout the week.
Teva Pharmaceutical Industries (TEVA, $19.93, up $0.04)
Option: TEVA October 20 calls
Expiration Date: October 17th
Entry Option Price: $0.40 (9/5/2025)
Current Option Price: $0.85
Exit Target: $1.20
Return: 113%
Stop Target: 50 cents, raise to 60 cents (Stop Limit)
Action: Raise the Stop Limit to 60 cents. This will lock-in at least a 50% win.
Key resistance at $19.75 and the January 29th peak was cleared and held on Thursday with Friday’s high at $19.98. Closes above $20 should get $22-$22.50 in play. Support is at $19.25-$19.
SoundHound AI (SOUN, $14.12, down $0.46)
Option: SOUN October 17 calls
Expiration Date: October 17th
Entry Option Price: $0.55 (9/4/2025)
Current Option Price: $0.70
Exit Target: $1.65
Return: 27%
Stop Target: 65 cents, lower to 60 cents (Stop Limit)
Action: Lower the Stop Limit to 60 cents to give the Alert a little wiggle room.
Upper support at $14-$13.75 held into the close with the low at $14.11. Resistance is at $14.50-$14.75.
Sony (SONY, $29.21, up $0.02)
Option: SONY October 30 calls
Expiration Date: October 17th
Entry Option Price: $0.30 (9/4/2025)
Current Option Price: $0.70
Exit Target: $1.00
Return: 133%
Stop Target: 35 cents, raise to 40 cents (Stop Limit)
Action: Raise the Stop Limit to 40 cents. This will lock-in at least a 50% win.
Key resistance at $29 was cleared and held on Thursday with Friday’s 52-week high hitting $29.41. This sets up a run past $30 with momentum towards $31-$32. Support is at $28.75-$28.50.
CleanSpark (CLSK, $10.35, up $0.15)
Option: CLSK October 12 calls
Expiration Date: October 17th
Entry Option Price: $0.42 (8/22/2025)
Current Option Price: $0.40
Exit Target: $0.85
Return: 7%
Stop Target: None
Action: Friday’s high tapped $10.54 with lower resistance from early August at $10.50-$10.75 getting topped but holding. Closes above the latter and the 50-day moving average would likely get $13-$13.50 in play. Support is at $10-$9.75 and the 200-day moving average.
