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Market Opens Higher but Struggling

10:10am (EST) I wanted to see how we opened this morning before doing an update… The retail sector reported their monthly figures this morning and they were not pretty. Most of the retailers are reporting a decline in same-store sales for June and I cannot say I’m surprised. The problemRead more

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Market's Woes Continue

2:30pm (EST) After spending the first couple of hours in positive territory, the market has given up all of its gains as all three of the major indexes have turned negative. The S&P 500 is getting hitting the hardest as it is down nearly 1%, or 10 points, to 871.Read more

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Amgen Looking to Open Higher

8:50am (EST) Amgen (AMGN, $52.23, up $0.18) is no stranger to the Blog and last night after the closing bell the company released some great news about one of its cancer drugs. In after-hours trading last night the stock was up $7 to $59. The company has been in lateRead more

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Uh Oh, Market Takes Turn for the Worse

10:45pm (EST) In what started out as a “steady” day for the bulls turned out to be a disaster waiting to happen. I have been warning of keeping an eye on the exit door in case the bull market takes a break and the exit door just opened. Just howRead more

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Tuesday's Tidbits

11:00am (EST) To no surprise, the market is trending lower this morning as all three major indexes are off by about 1%. The Dow is currently down 68 points to 8,256 while the S&P 500 is down 7 to 891. I normally do a pre-market Blog but today I wantedRead more

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Monday Night Football

11:30pm (EST) Yeah, I knew that headline would get your attention instead of a “Monday Night Wrap”… In what turned out to be a decent day if you are a bull, the market managed mixed gains after spending most of the session in the red. We were looking at aRead more

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Bulls Fight Back

1:50pm (EST) The market has held up rather well despite the nervous open we got. After starting the session with a 75 point drop, the Dow has now turned positive as we head into the 2nd half of today’s trading. The S&P 500 is down slightly but the Nasdaq isRead more

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Trade Updates

7:30am (EST) Futures are sharply lower this morning so many of these positions will have to be watched closely. There is a lot of good things being said about Ford (F, $5.89, down $0.02) and the stock held up well last week as it traded to a high of $6.25.Read more

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Weekly Wrap for 7/5/09

1. Commentary 2. Earnings 3. Current Trades & Closed Trades 4. Closing Thoughts ************************************************** 1. Commentary The market ended the week on a sour note after a disappointing jobs report gave the bears control heading into Monday’s opening bell. The news sent the Dow reeling 223 points, or 2.6%, andRead more

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Market to Open Lower

9:00am (EST) The unemployment numbers were not pretty, folks. The Dow futures are down 104 points while the S&P 500 and Nasdaq futures are both off by 12. That means we should get a nasty open, possibility a triple-digit loss for the Dow right off the bat. The only positionsRead 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.