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Thursday's Outlook

8:00am (EST) Sorry for the delay on this one. Lost my Internet connection for awhile last night due to a nasty storm… The market continued its yo-yo ways as the Dow added 57 points to finish above 8,500 on Wednesday. We were much higher in the morning as the DowRead more

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Bank of America Breakout?

10:30am (EST)   The Financial stocks have been rather quite of late as they seem to be drifting around waiting for 2Q earnings season to start.  Goldman Sachs (GS, $147.52, up $0.08) is making a run at $150 and Morgan Stanley (MS, $28.70, up $0.19) looks yummy below $30 but the one stock weRead more

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AIG Doing a Reverse

11:35am (EST) American International Group’s (AIG, $1.09, down $0.24) shareholders have approved a reverse stock split that could help the company keep its listing on the NYSE. The company proposed a one-for-20 reverse stock split last week with the SEC (Securities and Exchange Commission) and it just became official. TheRead more

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Tuesday's Tidbits

9:25am (EST) The market managed to start the week off in positive territory as the Dow added 90 points, or 1.1%, to finish at 8,529. The S&P 500 gained 8 to close at 927 while the Nasdaq advanced 6 points and ended the session at 1,844. It was nice toRead more

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Market Up, Bernie Down

12:30pm (EST) ChangeYou.com (CYOU, $43.18, down $2.34) opened the morning at $46.74 and hit a high of $46.85 before tumbling to a low of $40.81. The July 50 calls (CQUGJ, $0.70,down $0.60) OPENED at $1.60 and hit a low of 55 cents. These calls were profiled at 75 cents andRead more

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Madoff Sentence Expected Shortly

9:00am (EST) Futures are pointing towards a higher open; Dow futures are up 22, Nasdaq futures are up 4 while the S&P 500 futures are up 4 points. This will only be a four-day work week for Wall Street so volume should be a little light. However, it is goingRead more

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Weekly Wrap for 6/28/09

1. Commentary 2. Palm Continues To Surge 3. Precision Trading Tools & Tactics Live Webinar 4. Earnings 5. Current Trades 6. Closing Thoughts ************************************************** 1. Commentary The market made a lot of investors nervous last week as the bears took control on Monday after the World Bank cut its globalRead more

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Market Slightly Lower, Imax Up

10:00am (EST) I wanted to wait until the market opened to do today’s morning blog.  Futures were pointing towards a lower open and that we got.  The Dow is currently down 46 points  to 8,426 but was making a charge towards positive territory.  However, the sentiment has been negative thisRead more

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Market Rebounds as Bernanke Doesn’t Flinch

11:50pm (EST) Wednesday Night     There was a ton of action today in the market and it was a great day to be long.  It’s been a busy week so let’s get to some of the action.   The Dow finished the day at 8,472 and the 175 popRead more

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Market Surges on Bernanke’s Stand

1:30pm (EST)   The market is having a great day and Ben Bernanke is holding his own.  The Dow is currently up 175 points to 8,475.  I’ve been watching the hearing all morning and it has been great.  Real quick, if you remember yesterday, I said there was a wayRead 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.