MomentumOptions.com Pre-Market Update for 1/22/2021 Small-Caps Slack as Major Indexes Tag Record Highs 8:00am (EST) The stock market continued its recent momentum after rallying to fresh record highs again on Thursday despite slightly disappointing economic news. A combination of upbeat earnings and expectations that vaccines, government stimulus and the Fed’sRead more
Small-Caps Slack as Major Indexes Tag Record Highs
MomentumOptions.com New Trade (WU) for 1/21/2021
Record Highs Back in Play
MomentumOptions.com Pre-Market Update for 1/21/2021 Record Highs Back in Play 8:00am (EST) The stock market tested fresh record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president. Biden wasted little time turning the page on the Trump era, signing 15 executive actions in the afternoonRead more
Bulls Rebound Following 3-Day Weekend
MomentumOptions.com Pre-Market Update for 1/20/2021 Bulls Rebound Following 3-Day Weekend 8:00am (EST) The stock market showed strength on Tuesday as Wall Street returned from a long holiday weekend with mounting support for significant fiscal stimulus out of Washington. Comments from incoming Treasury Secretary nominee Janet Yellen helped sentiment after sheRead more
Bears Get Weekly Win
MomentumOptions.com Pre-Market Update for 1/19/2021 Bears Get Weekly Win 8:00am (EST) The stock market was weak throughout Friday’s session as Wall Street “sold the new” following details of President-elect Biden’s $1.9 trillion “American Rescue Plan.” Despite control of the executive and legislative branches of government, there is to be someRead more
Bulls Tap Fresh Record Peaks
MomentumOptions.com Pre-Market Update for 1/15/2021 Bulls Tap Fresh Record Peaks 8:00am (EST) The stock market closed mostly lower on Thursday and ahead of President-elect Biden’s announcement after the close on his economic stimulus plans. The major indexes did tap fresh record highs, excluding the S&P 500, with the stimulus packageRead more
MomentumOptions.com New Trade (MGM) for 1/14/2021
MomentumOptions.com New Trade (MGM) for 1/14/2021 10:00am (EST) I have a New Trade for today so let’s get on it. New Trade! MGM Resorts International (MGM, $30.25, up $0.21) Buy to Open MGM February 34 calls (MGM210219C00034000, $0.80, up $0.05) Action: I like these call options at current levels andRead more
Indexes Trade in Tight Ranges to End Mixed
MomentumOptions.com Pre-Market Update for 1/14/2021 Indexes Trade in Tight Ranges to End Mixed 8:00am (EST) The stock market closed mixed on Wednesday and ahead the House vote to impeach President Trump for the second time. The ongoing political drama comes ahead of President-elect Biden’s administration stimulus proposals and the promiseRead more
Small-Caps Tag Fresh Record High
MomentumOptions.com Pre-Market Update for 1/13/2021 Small-Caps Tag Fresh Record High 8:00am (EST) The stock market traded on both sides of the ledger before closing higher on Tuesday and ahead of a congressional vote on a resolution that calls for Vice President Pence to invoke the 25th amendment and removing PresidentRead more
Profit Taking Sends Market Lower
MomentumOptions.com Pre-Market Update for 1/12/2021 Profit Taking Sends Market Lower 8:00am (EST) The stock market backed off from record levels to settle lower on Monday as investors locked in profits following last week’s strong rally and continued run towards all-time highs. News that House Speaker Pelosi is looking to impeachRead more