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Lowe's Beats, Shares Up

10:45am (EST) Although Lowe’s (LOW, $19.37, up $0.92) reported a 20% drop in profits, they managed to beat Wall Street’s estimates this morning and raised its full-year outlook. The company said that they are seeing an improvement in consumer confidence while they believe housing is showing signs of a bottoming.Read more

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Weekly Wrap for 5/17/09

1. Commentary 2. Power Stock Trading Strategies 3. Covered Calls 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Well, we knew it was coming. After a two-month rally, we saw some major profit taking last week. The Nasdaq which had been up nineRead more

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Las Vegas Sands Alert

Time to Roll the Dice

11:15am (EST) Although the market is slightly higher this morning, it certainly looks like we are going to finish the week with a loss. The Dow is currently up 57 to 8,388 but will need to add another 200 points on top of that just to make it back toRead more

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Wells Fargo Update

11:45am (EST) After three days of losses, the Nadaq is joining the Dow and is trading higher today. The Dow has posted losses in two of the three trading days so far this week but the overall sentiment remains negative. The Dow is currently holding 8,325, up 40 points, whileRead more

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Bulls Find No Room to Run/ Ford Put Play

1:00pm (EST) It’s been a tough week if you were bullish on the market trading higher. As we head into the final hours of trading, the Dow is down 150 points to 8,318. The Nasdaq is suffering the most as it is down 2.1%, or 36 points, to 1,678. NewsRead more

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Wednesday's Wake-Up Call

9:15am (EST) Here is a quick rundown of what we have going on: Barrick Gold (ABX, $35.10, up $1.46) May 30 calls (ABXEF, $5.10, up $1.40) Entry Price: $1.35 (4/21/09) Exit Price: $5.00 (5/12/09) Return: 270% We started closing out positions yesterday and most of you should have gotten atRead more

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Barrick Gold Takes Flight

1:00pm (EST) On April 21st, I mentioned Barrick Gold (ABX, $34.85, up $1.21) and how the safety of gold could be coming into play. I profiled a couple of gold trades at the time but I didn’t want to chase them because they were having a good day. But itRead more

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Wells Fargo Entry Points

11:00 am (EST) Wells Fargo (WFC, $25.88, down $1.65) is getting whacked today and we got some great entry prices on our strangle option trade. The June 30 calls (FHUFD, $0.80, down $0.55) and the June 23 puts (WFCRI, $1.68, up $0.43). We got into the calls at $1.20 andRead more

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Banks Take Breather

9:00am (EST) Now that the stress test has come and gone for the banks, it didn’t take long for the ones who needed new capital to raise money. Last week, 19 banks were examined to determine their ability to weather a deep economic downturn. After weeks and hype and anticipation,Read 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.