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Market Lower After 2-day Rally

1:00pm (EST) The bulls are taking a breather following the 2-day rally that has seen the Dow run-up 250 points.  The index hit a high of 9,793 on Tuesday but is currently down 41 points to 9,689.  Still, the momentum the bulls are showing points towards Dow 10,000 in theRead more

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Costco Beats Estimates

9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the first Dow stock to announce.  We have some other notable names reporting earnings as well but their fiscal year is just ending and they are reporting 4Q earnings. For instanceRead more

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Trading Secrets No One Knows

Gold Hits All-Time High

1:00pm (EST) The bulls have pushed the Dow to another triple-digit gain and gold has hit an all-time high of 1,044 today.  Stocks are seeing their biggest gains in over two months as Gold and Energy stocks are zooming.  Halfway through the trading session, the Dow is up 140 at 9,740. The S&PRead more

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Oil Up, Futures Higher

9:00am (EST)  The bulls are looking to build on yesterday’s momentum as futures are pointing toward a higher opening this morning.  The overseas markets have rallied this morning after Australia’s central bank raised interest rates.  The bulls are taking it as a sign that a global economic recovery is on the horizon and theyRead more

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Bulls Running To Start The Week

3:00pm (EST) The bulls got the ball rolling today after a positive ISM number this morning has put Wall Street in a buying mood.  The Institute for Supply Management said its service index rose to 50.9 in September from 48.4 in August.  The Street had expected a reading of 50, and anythingRead more

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Emotion In The Markets: A Picture is Worth a Thousand Words!

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3Q Earnings Kick-Off Start This Week

3:45pm (EST) Special Note: We are sending today’s Weekly Wrap early.  I am away on travel and hope to be back in the office by Monday morning.  In case I’m not, this is Monday Morning’s Update.  There is a NEW TRADE for Monday morning, Pepsico (PEP, $60.90, up $2.44), thatRead more

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Hit Me With Your Best Shot

10:40am (EST) Fire away, hey-hey… The bulls invited the bears into the ring and immediately took the bears best shot.  The unemployment report came in as expected, 9.8%, but the job loss of 263,000 was way more than the 180,000 Wall Street had expected. I told you this morning IRead more

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Unemployment Report Holds Clues

8:15am (EST) I wanted to send today’s update early because there are a lot of things I’m looking at as we head into this morning’s Jobs Report.  If you have been following the market this week then you already know we are watching a scary movie.  You know, the ones that always have theRead 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.