MomentumOptions.com Pre-Market Update for 8/13/2020 Bulls Regain Momentum/ Trade Alerts (CSCO, VIAV) 8:00am (EST) The market rebounded on Wednesday as better-than-expected economic news outweighed the ongoing stalemate in Congress over a stimulus package. The Nasdaq snapped a 3-session slide after surging 2.1% while testing a late day peak of 11,036.Read more
MomentumOptions.com Pre-Market Update for 8/12/2020 Late Selling Pressure Erases Strong Gains 8:00am (EST) The market showed continued momentum on Tuesday following news President Trump is seriously considering a capital gains tax cut. Indications stimulus talks in Congress will resume with unemployment benefits being released in a few weeks also helpedRead more
MomentumOptions.com Pre-Market Update for 8/11/2020 S&P Nears Record High, Tech Lags 8:00am (EST) The market settled mostly higher on Monday as Congress remains in a stalemate over the next fiscal package, while President Trump issued executive orders to extend unemployment benefits over the weekend. The blue-chips led the way higherRead more
MomentumOptions.com New Trades (T) for 8/10/2020 3:40pm (EST) I have a New Trade this afternoon so let’s get on it. New Trade! AT&T (T, $30.19, up $0.17) Buy to Open T September 31 calls (T200918C00031000, $0.50, up $0.03) Action: I like these call options at current levels and you canRead more
MomentumOptions.com Pre-Market Update for 8/10/2020 Small-Caps Shine in Lackluster Action/ Profit Alert (EEM) 8:00am (EST) The market struggled throughout much of Friday’s session as uncertainty surrounding prospects for another aid bill from Washington outweighed a better-than-expected jobs report. By the end of the day, no deal was made as theRead more
MomentumOptions.com Pre-Market Update for 8/7/2020 Nasdaq Records 4th-Straight Record Close 8:00am (EST) The market traded in a tight range throughout the first half of Thursday’s action despite a better-than-expected jobs report. Momentum came back into play after President Trump indicated his administration is still working on a stimulus package inRead more
MomentumOptions.com Pre-Market Update for 8/6/2020 Nasdaq Clears 11,000 8:00am (EST) The market showed strength for the 4th-straight session on signs of a stimulus deal being reached by Friday. President Trump has indicated he will go it alone on the payroll tax cut if he has to and is not includedRead more
MomentumOptions.com Pre-Market Update for 8/5/2020 Bulls Run Winning Streak to 3-Straight 8:00am (EST) The market opened slightly lower on Tuesday while trading in tight ranges as concern over the stalemate in Washington on the relief package and ongoing U.S./ China frictions weighed on sentiment. White House and Democratic party leadersRead more
MomentumOptions.com Pre-Market Update for 8/4/2020 Fresh Money Pushes Nasdaq to Record High 8:00am (EST) The market settled higher on Monday as mostly upbeat economic news and corporate earnings fueled sentiment. Hopes of a fresh stimulus package remain in play although Congress continues to struggle on finalizing a new fiscal reliefRead more
MomentumOptions.com New Trades (RMBS, WU) for 8/3/2020 10:50am (EST) I have 2 New Trades this morning so let’s get on it. New Trades! Rambus (RMBS, $15.15, up $0.39) Buy to Open RMBS September 15 calls (RMBS200918C00015000, $0.90, up $0.20) Action: I like these call options at current levels and youRead more
