Blog

Microsoft Misses, Shares Fall

10:00pm (EST) The big news after the bell has been Microsoft (MSFT, $25.56, up $0.76).  The company reported earnings after the market closed and missed Wall Street’s expectations after saying quarterly profits fell nearly 30% because of weak computer sales. Revenue for the quarter also took a hit, falling 17%.  TheRead more

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Ford Surges Past $7, Dow 9,000

1:30pm (EST) Forgive me for not posting my usual pre-market Blog this morning.  I’ve been “relaxing”…it’s the old man’s birthday.  Well, I can honestly say WE got a lot of presents this morning.  I went over ALL of the positions we are following last night and at high noon every singleRead more

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Updated Trade Format

I have taken your requests and have tweaked how I’m going to profile the trades we are currently following and for the new ones down the road.  I use to do it this way in the Weekly Wrap but have added a few features.  As always, keep the comments andRead more

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Chipotle Mexican Grill On Deck

10:00am (EST) Chipotle Mexican Grill (CMG, $91.23, up $2.53) will be reporting earnings after the bell today so I wanted to give you an update before they report.  The stock is no stranger to the blog and is capable of making big moves with or without an earnings announcement. WhatRead more

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Apple's Gravy Train

10:30pm (EST) Talk about a product(s) that sells itself. Every year, quarter after quarter, Apple (AAPL, $151.51, down $1.40) seems to impress us and Wall Street with a new gadget or an improved model on an already existing one. This quarter it was Apple’s new iPhone although it didn’t makeRead more

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DryShips Seeing Some Action

1:00pm (EST) After a strong start, the market has slipped as all three major indexes are slightly down. The losses are minimal so maybe the bulls are resting for another afternoon rally. Not much is happening with our positions and remember Chipotle Mexican Grill (CMG, $87.78, down $0.52) is reportingRead more

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Tuesday's Tidbits

9:00am (EST) All aboard! The bulls are determined to take this market higher and showed up Monday ready to run. The market’s momentum continued higher yesterday as all three indexes finished with gains of more than 1%. Believe it or not, the higher close put the Dow in positive territoryRead more

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NewsFlash – ATHN Could Challenge New High

1:30pm (EST) AthenaHealth (ATHN, $38.03, up $1.64) could see some action as the healthcare reform bill is heating up. The options aren’t as liquid as other stocks…the August 40 calls (QJNHH, $1.55, up $0.55) have only traded 10 contracts. The September 40 calls (QJNIH, $1.95, up $0.60) have traded aboutRead more

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More Updates, CMG Watch

12:30pm (EST) Fairchild Semiconductor (FCS, $8.83, up $0.26) is one of the best performers in the chip sector today as it is enjoying a 3% pop. The August 10 calls (FCSHB, $0.25, up $0.05) were profiled last Thursday at 17 cents. These is a very cheap out-of-the-money call option onRead more

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Monday Morning Playbook – Cisco Gets Upgrade

10:30am (EST) We have a tiger by the tail… The Dow is currently up 75 points to 8819 while the Nasdaq is up 17 to 1903. The S&P 500 is over 947…yes, the bulls are back in town and they are having a party. The Tech sector is getting aRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.