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Freaky Friday

11:00am (EST) Today is one of those rare days in the market that only happens four times a year. It’s an event known as “freaky Friday” and it occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. These daysRead more

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Action in Lions Gate Entertainment

12:20pm (EST) Our favorite corporate raider, Carl Icahn, is at it again. This time he is targeting Lions Gate Entertainment (LGF, $5.61, up $0.39) which is up 7% today. The billionaire investor has raised his stake from 4% in October when the stock was at $7 to nearly 17% sayingRead more

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Creating Watch Lists

9:00am (EST) In the past, I have talked about keeping Watch Lists and today I wanted to expand on this subject a little further. Most brokerage accounts or financial sites allow you to set up Watch Lists and they are used to help you keep track of stocks. They areRead more

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Market Ends Mixed, Update on Trades

It was another struggle for the bulls as Wall Street ended Wednesday’s session with mixed reviews.  The President had a lot to do with today’s nervousness as he mapped out the new “rules of the road” for the nation’s financial system.  It seems we are going to “update” the rulesRead more

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Abercrombie Bounces Off Support

10:20am (EST) This morning I talked about looking for setups on trades and profiled Abercrombie & Fitch (ANF, $26.40, up $0.60).  The first thing you want to do when planning a trade is look at a chart.  They aren’t that hard to figure out and that has been the purpose of expandingRead more

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Wednesday Wake-Up Call

9:15am (EST) What a rough two days it has been. The Dow has dropped 300 points and it is funny how things can change in an instant. Yesterday, I talked about key support levels for all of the major indexes and as I was writing, it felt like Tuesday wasRead more

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Rambus Catching Fire

12:45pm (EST) Rambus (RMBS, $18.27, up $0.88) is up another 5% today and is adding on to Friday’s gain of 15%. The stock is up 20% from Thursday’s closing price of $15.09 on word that a settlement is coming with the European Union Competition Commission. The Union would drop itsRead more

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Weekly Wrap for 6/14/09

1. Commentary 2. E*Trade Financial Soars 3. Marvel Entertainment Nears 52-Week High 4. Earnings 5. Current Trades 6. Closing Thoughts    ************************************************** 1. Commentary The market made another push higher last week which brought the Dow into positive territory for the year. Yeap, that’s right. Friday’s 28 point win hasRead more

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GM, Merck, Exxon Mobil Halted

12:10pm (EST) Three servers went down on the NYSE and trading in Exxon Mobil (XOM, $73.50, down $0.55), General Electric (GE, $13.31, down $0.15) and Merck (MRK, $26.99, up $0.80) has temporarily been halted. In all, I’m hearing over 200 stocks have been affected by the communication problem between WallRead more

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Banking on Bank of America, Again

Bank of America (BAC, $12.97, up $0.99) was all over the news Thursday as its CEO, Ken Lewis, was the latest CEO to take the hot seat. Talk about courtroom TV, this stuff is even better. You could clearly see the sweating and squirming from the dude as he wasRead 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.