Blog

"Thinking Big" on Thursday

1:30am (EST) Mornin’ Folks,   One thing I didn’t go in-depth on last night was the Fed meeting.  I mentioned if we would have gotten some stronger words, the bulls would’ve jumped on the wave and all the stars were aligned for us to have a huge pop.  However, justRead more

More

Market Pulls Back

8:45pm Wednesday night (EST) The market started off on a good note after we got a great Durable Goods report in the morning.  We got a surprise 1.8% increase when Wall Street was expecting a 0.9% decline.  As a result, the Dow managed a triple-digit gain and ran up to 8,428Read more

More

All Eyes on Fed

1:40pm (EST) We are 20 minutes away from the Fed’s statements on interest rates.  We expect Big Ben to leave the key rate unchanged (at a range of zero to 0.25%), but you never know with these things.  The last four times we have gotten an announcement the market has rallied 1%-4%. Read more

More

Watch List – Gambling, Casino Stocks

10:45am (EST) I’ve been talking about creating Watch Lists as a way to help you follow stocks and sectors.  The Gambling/ Casino sector has been hit pretty hard and some of the star players in the industry are in the single-digits. These stocks are getting a lift today and IRead more

More

Watching Monsanto

12:05pm (EST) Monsanto (MON, $77.95, down $0.17) is set to report earnings on Wednesday and since I have a lot of new readers, I thought it would be a good idea to profile a strangle option trade.  A strangle is when you take a position in a stock, hoping forRead more

More

Market Holds Steady, Home Sales Miss

10:30am (EST) I wanted to wait until after we got the housing numbers to do this morning’s update and to see how some of our positions are holding up.  The National Association of Realtors’ report on existing home sales in May came in at 2.4% versus an expected 2.8% increase. Read more

More

The Good, Bad, and Ugly

It was a brutal Monday for the market if you were a bull as all three major indexes took a beating.  The Nasdaq and S&P 500 fell 3% and the Dow dropped a little over 2%.  When I saw the futures take a turn for the worse , I knew we were in for a crummy day.  Read more

More

Potash Testing $90

11:30am (EST) Last week, I talked about making Watch Lists and how they can help you with your trading.  One sector we were watching was the Fertilizer/ AG sector and Potash (POT, $90.60, down $2.12) was on that list. I also listed the July 85 puts (PYPSQ, $4.10, up $0.60) asRead more

More

Monday Morning Quarterbacking

9:00am (EST)   I took Father’s Day off to spend time with Pops so there was no Weekly Wrap this week.  I’m playing catch-up this morning so I’ll do a quick review of what is happening over the next five days before getting into the trades.   As far as earnings,Read more

More

Abercrombie & Fitch Update

1:10pm (EST) Here’s the deal. Abercrombie & Fitch (ANF, $25.99, down $0.50) has broke below $26 and the July 25 puts (ZWRSE, $1.25, up $0.10) have hit our exit target. The “bid” is $1.20 and the “ask” is $1.30. Make sure you put a limit order in for $1.25. OurRead more

More

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.