Blog

Wednesday’s Wake-Up Call

9:00am (EST)   Futures are pointing towards a negative open after Durable Goods orders came in lower than expected.  Dow futures are down 38, S&P 500 index futures were down 6, while Nasdaq futures were down 7.    I mentioned the bulls were trying to hold Dow 9,000 and with earningsRead more

More

Buffalo Pops, USEC Drops

1:00 pm (EST) The bulls are struggling to extend yesterday’s gains as the Dow is currently down 67 points to 9,041.  There is a bevy of news, some good, some bad.  Most of our positions are holding up well and the bulls still appear as if they want to hold Dow 9,000. Read more

More

Futures Pointing Towards Lower Open

9:25am (EST) Ahead of the opening bell, Dow futures are lower by 50, or 0.5%, to 9,024.  The S&P 500 index futures are down 7, or 0.7%, to 973, while Nasdaq futures are off by 9, or 0.6%, to 1,590.  This equates to about a 40 or 50 point loss for the DowRead more

More

Busy Day At The Office

10:45pm (EST)   What a busy day it was for option traders.  I threw a ton of trades at you this morning plus the ones we have going on.  It was good to see the bulls show up as all three indexes managed to end the session in the green afterRead more

More

NewsFlash: Add Visa

1:25pm (EST) I like Visa (V, $67.68, up $0.39) this week.  The August 70 calls (VEHHN, $1.60, up $0.25) are up 17% today and will do well if Visa can break $70.  I’ll be back tonight with a full update. Rick@MomentumOptionsTrading.com]]>

More

DryShips Options Hit Pay Dirt

11:15am (EST) DryShips (DRYS, $6.74, up $0.51) is having a huge day, rallying 7%, ahead of Friday’s earnings announcement.  Here are the trades I profiled from last Tuesday: August 7 calls (OOCHJ, $0.50, up $0.20) Entry Price: $0.25 (7/21/09) Exit Price: $0.50 Return: 100% Stop: None September 7.50 calls (OOCIU,Read more

More

Futures Pointing Towards Slightly Lower Open

9:15am (EST) The futures are pointing towards a slightly lower open as a number of companies reported earnings this morning.  Futures were higher but they gave up those gains after Aetna (AET, $26.44) and Honeywell (HON, $33.99) posted lower earnings.  Aetna is down $2.42 to $24 while Honeywell is down 90Read more

More

Weekly Wrap for 7/26/09

1. Commentary 2. Green Mountain Coffee Roasters Brewing Big Gains 3. Earnings 4. Current Trades & Closed Trades 5. Monday Morning Playbook 6. Closing Thoughts ************************************************** 1. Commentary The market continued its upward momentum last week after a wave of better-than-expected earnings helped pushed the Dow over 9,000. Nearly halfRead more

More

Market Holds Up Despite Earning Woes

12:45pm (EST)   The market has held up rather well despite the rough outings being posted by Amazon.com (AMZN, $86.00, down $7.87) and Microsoft (MSFT, $23.43, down $2.15) today.   The Dow is currently at 9050, down 18 points while the S&P 500 has slipped 3 to 972.  The Nasdaq is off byRead more

More

Futures Turn Positive

Microsoft (MSFT, $25.56) and Amazon.com (AMZN, $93.87).  Both stocks are down 5%-6% before the bell after reporting weaker-than-expected results. The Dow jumped nearly 200 points yesterday to close above the 9,000 mark for the first time since early January.  This move was significant and I don’t think the bulls worked this hard to give it allRead more

More

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.