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Tuesday's Tidbits

1:00pm (EST) The market has hit 10-month highs as the Dow is currently up 80 points to 9,589.  The Nasdaq is showing a gain of 15 points and stands at 2,033 while the S&P 500 has jumped 8 and is 1,034. I mentioned in the Weekly Wrap that economic news would take onRead more

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Trade Updates – September 2009

Return to Members Tuesday, September 01, 2009 Wednesday, September 02, 2009 Thursday, September 03, 2009 Friday, September 04, 2009 Monday, September 07, 2009 Tuesday, September 08, 2009 Wednesday, September 09, 2009 Thursday, September 10, 2009 Friday, September 11, 2009 Monday, September 14, 2009 Tuesday, September 15, 2009 Wednesday, September 16,Read more

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Market Opens Higher

9:40am (EST) I waited a few minutes to see how we opened so I could give you an early read on our trades. Bank of America (BAC, $17.70, up $0.35), Citigroup (C, $4.89, up $0.07), Imax (IMAX, $9.72, up $0.02), Potash (POT, $97.40, up $1.13) and Sirius XM (SIRI, $0.73, upRead more

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Trade Updates

9:30pm (EST) I didn’t like the afternoon action today as the market came off its highs.  The futures are slightly lower as I head to press and we will have to watch the action closely this week.  With earnings season winding to a close, economic reports will take on moreRead more

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Imax Looking For $10

12:35pm (EST) Imax (IMAX, $9.85, up $0.30) is trying like mad to break $10 today as the stock has hit a high of $9.97.  I will be bringing you more of the Imax story over the next day or two but I’m really starting to get excited about the company’s longer-termRead more

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Weekly Wrap for 8/23/09

11:30pm (EST) 1. Commentary 2. Checking in on the VIX  3. Baltic Dry Index Continues To Tank 4. Earnings 5. Current Trades 6. Closing Thoughts ************************************************* 1. Commentary The bears started the week as if they were serious but the bulls made it clear they weren’t going anywhere last weekRead more

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Sirius XM Ready to Pop?

11:15am (EST) Sorry for the late post folks.  I have been researching a couple of trades this morning and all of our other trades are in the green so I wanted to get the research done before posting.  Sirius XM (SIRI, $0.77, up $0.09) is up 12% this morning whichRead more

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Trade Updates

10:40pm (EST)    Bank of America (BAC, $17.14, up $0.39)   January 20 calls (BYOAT, $1.30, up $0.10)    Entry Price: $1.18 (8/12/09) Exit Target: $2.20 Return:  10% Stop: $1.10-$1.15   Action:  BofA had a good trading day and the close above $17 continues to build that “new base”.  If you still likeRead more

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Trade Updates/ AIG Watch

Abercrombie & Fitch (ANF, $31.68, up $0.32) September 32 puts (ANFUJ, $2.05, down $0.20) Entry Price: $1.25 (8/14/09) Exit Target: $2.75 (closed half at $2.75 on 8/19) Return: 120% Stop: $2.00 Action: Abercrombie has bounced back a little today and I suggested closing out the play yesterday after the callsRead 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.