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Banking on Bank of America

So is this the bottom for financial stocks? If it is then they made a heck of a bounce on Tuesday. The rally happened faster than a speeding bullet and the Wall Street cheerleaders have got this pep rally going. Yeah! Before we go jumping in and buy any optionsRead more

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Market Rebounds, Call Options Up

It was a good day for for the market and it was a great day for us. The Dow surged 380 points, or 5.8%, and closed at 6,926. If there were another hour of trading today the Dow probably would have hit 7,000. The Nasdaq soared 90 points, or 7%,Read more

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ConocoPhillips/ Exxon Mobile Update

Rohm & Haas Gets Sweet Deal

We should have seen this one coming Friday. Sometimes the best trades get overlooked when you are busy managing your portfolio and that is what happened today. When I heard about the news of Rohm & Hass (ROH, $74.00, up $10.20) and Dow Chemical (DOW, $6.33, down $0.78) talking again,Read more

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ConocoPhillips Eyes $40

Weekly Wrap for 3/8/09

1. Commentary 2. Bounce or No Bounce? 3. Apollo Group Heads Lower 4. Earnings 5. Current Trades 6. Monday Morning Playbook (Take-Two) 7. Closing Thoughts ************************************************** 1. Commentary The market took another pounding for the week as all three indexes lost between 6%-7%. There was a flurry of expected andRead more

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Start Half Positions In IBM

IBM (IBM, $84.44, down $3.04) continues to plunge and we added the April 100 calls (IBMDT, $0.53, down $0.37) to our Watch List when the call options were at $1.10. They have been cut in half with today’s 3% drop in shares of IBM. The April 95 calls (IBMDS, $1.22,Read more

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Playing With Fire

I know we have a lot going on but there is one stock that I have been watching this week that really looks ready to fold like a cheap lawn chair. Many of you have probably heard of the company before and I’m sure you have seen the commercials forRead more

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Start Half Positions In Exxon Mobil

The Dow is taking another blow as the index is down 191 points to 6,684. The S&P is off 23 to 689 and well below the 700 level the bulls were clinging to. Things look bad but we have been expecting this bottoming process. I told you the Dow wasRead more

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Start Half Positions In Potash

Potash (POT, $74.94, down $1.76) took a sudden nosedive after hitting a high of $81.49 earlier this morning and opening up at $79.75. There is no news and the stock has gotten so volatile that we could probably do a straddle option trade with the March 75 strike prices. However,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.