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Is Apple Ripe or Rotten?

Apple (AAPL, $88.90, down $1.22) is trending lower this morning after a price target cut on its shares. Credit Suisse reduced their target for Apple to $120 from $135 as it sees weakening demand for the PC market. They maintained an “Outperform” rating on the stock. I’m a huge AppleRead more

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Google Continues Lower

The bubble gum used on Google’s (GOOG, $284.12, down $6.88) attempt to hold the $300 dam did not hold yesterday as the bears gushed in. The stock had been testing new 52-week lows and $300 was providing the last line of support for Google. Now that shares are below thatRead more

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This Bud Is For Its Shareholders

Nah, Nah, Nah, Nah…Hey, Hey…Goodbye! It’s in the books. Shareholders of Anheuser-Busch (BUD, $66.33, down $0.51) approved the $52 billion sale of its beer business to Belgium-based InBev today. The two companies will create the world’s largest brewer. The was the last step needed step to form the company thatRead more

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Google Testing $300

Google (GOOG, $304.92, down $6.54) has been hovering the $300 mark for the past couple of days and it looks as though it’s just a matter of time before the stock falls below this level. Google is at a three-year low after a couple of analysts downgraded the stock thisRead more

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Las Vegas Sands Halted

Las Vegas Sands (LVS, $6.65, down $1.35) still hasn’t “officially” opened this morning for trading although it was down 17% in premarket activity. The stock has been halted as the market prepares for the company’s public offering of 182 million shares of stock that will be hitting the floor whenRead more

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Morning Tidbits

The futures are pointing towards a lower openening this morning as the market is struggling with a number of issues. There are several stocks in the news that I have been covering lately so let’s get to it. American Express (AXP, $23.98) started the week of lower but got someRead more

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China Ditto's U.S. Bailout Package

The futures are up big-time this morning before the opening bell as Wall Street seems to loving the fact that China has approved a $586 billion plan to stimulate its economy. Around the world, stock markets were up on the news which should lead to a higher open on WallRead more

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More Bad News For Casino Stocks

There seems to be no good news in site for the casino stocks. On October 23, I had mentioned that the sector has been battered and bruised and it’s unbelievable how low some of these stocks have gotten. We used the weakness to play a two-week rally and made someRead more

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Why Stops Are So Important

It’s all about the timing. Trading options can be exciting but you can’t let emotions get in your way when sticking to a plan. The game is not hard and when I enter trades, I pretty much stick by a few simple rules. Whenever I place a trade I tryRead more

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Yahoo Jumps Despite Google Changing Mind

Yahoo (YHOO, $13.92, up $0.57) was back in the news again on Wednesday. The stock had a strong day despite the fact that Google (GOOG, $342.24, down $24.70) backed out of its advertising outsourcing agreement with the company. At one point, Yahoo traded as high as $14.84. There were manyRead 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.