MomentumOptions.com Pre-Market Update for 7/30/2021 Dow/ S&P 500 Push New All-Time Peaks 8:00am (EST) The stock market rose on Thursday despite weaker-than-expected economic news and a mixed batch of earnings results. Specifically, gross domestic product grew at a 6.5% annual rate for the second quarter versus expectations for 8.5% growth.Read more
MomentumOptions.com New Trade (CSCO) for 7/29/2021 2:45pm (EST) I have a new trade today on a stock that recently made a 52-week peak and is showing signs of breaking out to higher highs. New Trade! Cisco Systems (CSCO, $55.24, up $0.46) Buy to Open CSCO August 57 calls (CSCO210820C00057000, $0.65,Read more
MomentumOptions.com Pre-Market Update for 7/29/2021 Market Mixed as Fed Stands Pat 8:00am (EST) Wall Street was mixed on Wednesday following a heavy dose of earnings and the Fed’s meeting minutes. The Federal Reserve said the U.S. economic recovery remains on track with Chairman Powell adding the central bank remains aRead more
MomentumOptions.com Pre-Market Update for 7/28/2021 Volatility Rises on Market Pullback 8:00am (EST) The stock market pulled back on Tuesday as traders remained cautious ahead of key earnings reports after the bell and Wednesday’s Federal Reserve announcement. Ongoing weakness in U.S.-listed Chinese stocks also weighed on sentiment as fears over moreRead more
MomentumOptions.com Trade Alerts (T, HIMX, MRO) for 7/27/2021 1:05pm (EST) I’m closing three trades this afternoon on stocks showing both weakness and strength. There are a few more positions that will be in play this week that will allow us to consolidate the portfolio while looking for new trades intoRead more
MomentumOptions.com Pre-Market Update for 7/27/2021 Bulls Show Continued Momentum 8:00am (EST) The stock market was slightly choppy on Monday after trading in a tight range while setting another round of fresh all-time highs. The hesitancy came as Wall Street prepares for a slew of second-quarter earnings and another update fromRead more
MomentumOptions.com Pre-Market Update for 7/26/2021 Bulls Push Fresh all-Time Highs 8:00am (EST) Wall Street showed continued momentum on Friday to extend its winning streak to four-straight sessions while hitting another round of fresh all-time highs. The gains easily gave the bulls the weekly win following last Monday’s mini selloff andRead more
MomentumOptions.com Pre-Market Update for 7/23/2021 Bulls Stay Strong Despite Sluggish Session 8:00am (EST) The stock market traded in a tighter range on Thursday and on both sides of the ledger before going out mostly higher. The small-caps slacked following two-straight day days of gains for the major indexes as tradersRead more
MomentumOptions.com Pre-Market Update for 7/22/2021 Prior Resistance Levels in Focus 8:00am (EST) The stock market showed continued strength on Wednesday following upbeat earnings from two blue-chips companies along with a rise in yields. Specifically the 10-year Treasury yield rose to nearly 1.3% after tapping a five-month low on Monday whileRead more
MomentumOptions.com New Trade (IGT) for 7/21/2021 1:20pm (EST) I have a New Trade today so let’s get on it. New Trade! International Game Tech (IGT, $20.18, up $0.78) Buy to Open IGT August 22 calls (IGT210820C00022000, $0.70, up $0.18) Action: I like these call options at current levels and youRead more
