Blog

Quadruple Witching Hour

1:00pm (EST)   The bulls are looking to close out the week with another win and Dow 10,000 will be the next playoff victory.  The Dow is up 27 points to 9,810 and has hit a high of 9,845.  I thought we would see more volatility due to quadruple witchingRead more

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Market Looking To Open Higher

9:00am (EST) Futures are pointing to a slightly higher open today, as the bulls look to resume this week’s rally after a slight pullback yesterday.  Overseas markets were mostly higher this morning and the economic data has been better than expected this week.  The bulls are still eyeing Dow 10,000 and at thisRead more

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All Eyes on Palm

12:50pm (EST) The market is struggling today as it has darted in and out of positive territory.  Jobless claims dipped to 545,000 last week from an upwardly revised 557,000 the previous week which helped stocks recover from the open but it appears the bears are selling the news and trying to push theRead more

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Big Blue Breaking Resistance

3:15am (EST) International Business Machines (IBM, $121.82, up $2.47) broke $120 yesterday in strong fashion and it has been a level I have been talking about since July/ August.  I’m trying to show you a perfect trade setup that would have tripled your money yesterday so be patient with me… From August 12th: IBM (IBM,Read more

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GE, Baidu.com Breaking Out

12:30pm (EST) General Electric (GE, $16.68, up $0.68) is rolling this week.  The stock opened Mondayat $14.55 and closed yesterday at $16.  Today’s 4% pop is shows the stock’s momentum after passing hitting the $16 level and shares look poised to run to $17 where there is resistance.  Volume is thru the roof as 113 millionRead more

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NewsFlash: Apple Hits Fresh Highs (NEW TRADE)

11:10am (EST) I wanted to post a little early because I got a late jump this morning. The market is up again today and the bulls are putting in a solid week.  The Dow is up 38 points to 9,722.  Hello 10,000? One stock I have been watching all morningRead more

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Trade Updates

9:50am (EST) I’m behind the 8-ball folks, running late today…the trades are updated and have been posted in the Members Area.  I’ll be back at 1pm with an update.   Rick@MomentumOptionsTrading.com]]>

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Casino Stocks Continue Momentum

1:25pm (EST) Casino stocks are getting another pop and I wanted to update a trade that profiled back in June.  This trade was from June and was before our “official” launch so many of you new subscribers have not seen this one.  DO NOT take this update as a newRead more

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Retail Sales Lift Futures, Best Buy Misses

9:00am (EST)   Futures were slightly higher before the Retail and PPI numbers came out at 8:30am.  Before the reports the Dow futures had been up 4 while the S&P 500 futures were higher by 1 but jumped after the reports were released.  August Retail Sales were up 2.7% compared to expectationsRead more

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NewsFlash: Dendreon Jumps 15%

11:30pm (EST)    The sleeping giant is awake…    Dendreon (DNDN, $27.43, up $3.59) had a huge day as the stock gained 15% after opening lower this morning.  Shares started the session at $23.64 and traded as low as $23.51 before takeover rumors kicked into high gear.  The early buzz is Dendreon could beRead more

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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.