Category Archive for ‘Daily Update’

Bulls Bounce Back but Still Struggling

MomentumOptions.com Pre-Market Update for 10/30/2020 Bulls Bounce Back but Still Struggling 8:00am (EST) Wall Street closed recouped some of the losses from the Wednesday’s selloff, as shares of major tech companies rallied ahead of their quarterly numbers. Apple (AAPL), ‪Amazon.com‬ (AMZN), Alphabet (GOOGL) and Facebook (FB) and Twitter (TWTR) announcedRead more

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MomentumOptions.com New Trade (T) for 10/29/2020

MomentumOptions.com New Trade (T) for 10/29/2020 3:30pm (EST) I have a New Trade for today so let’s get on it. New Trade! AT&T (T, $26.85, up $0.35) Buy to Open T December 28 calls (T201218C00028000, $0.55, up $0.09) Action: We like these call options at current levels and you canRead more

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Nasdaq and Small-Caps Close Back Below 50-Day Moving Averages

MomentumOptions.com Pre-Market Update for 10/29/2020 Nasdaq and Small-Caps Close Back Below 50-Day Moving Averages 8:00am (EST) Wall Street closed lower on Wednesday as the surge in coronavirus cases here at home and across the pond continued to weight on sentiment. Disappointing earnings and guidance, along with the failure to passRead more

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Tech Rebounds but Bears Stay Aggressive

MomentumOptions.com Pre-Market Update for 10/28/2020 Tech Rebounds but Bears Stay Aggressive 8:00am (EST) Wall Street closed mostly in the red on Tuesday with Tech outperforming after holding positive territory throughout the session. The tighter trading ranges were a relief from Monday’s punishment although volatility remained elevated. Microsoft (MSFT) could provideRead more

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Bears Return on Market Selloff/ Profits Alerts (MGM, FCX)

MomentumOptions.com Pre-Market Update for 10/27/2020 Bears Return on Market Selloff/ Profits Alerts (MGM, FCX) 8:00am (EST) Wall Street closed substantially lower on Monday as disappointment over the lack of another stimulus deal and escalating worries over the surge in coronavirus cases weighed on sentiment. House Speaker Pelosi’s Deputy Chief of Staff said sheRead more

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Small-Caps Outperform in Down Week

MomentumOptions.com Pre-Market Update for 10/26/2020 Small-Caps Outperform in Down Week 8:00am (EST) Wall Street closed mostly higher Friday despite ongoing concern over another financial-aid package being passed and implemented before the Presidential election. The major indexes remained choppy and closed the week with losses, excluding the small-caps which settled higherRead more

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Bulls Rebound as Stimulus Talk Continues

MomentumOptions.com Pre-Market Update for 10/23/2020 Bulls Rebound as Stimulus Talk Continues 8:00am (EST) Wall Street settled higher Thursday as talks in DC on a new fresh coronavirus fiscal relief package continue to take center stage. House Speaker Pelosi said an agreement is near while Economic director Kudlow downplayed the likelihoodRead more

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Bears Win Sloppy Session

MomentumOptions.com Pre-Market Update for 10/22/2020 Bears Win Sloppy Session 8:00am (EST) Wall Street stayed nervous on Wednesday as investors digested the ongoing back-and-forth rhetoric between the Republicans and Democrats over a coronavirus stimulus package. Much of the session was choppy with the major indexes flip-flopping between gains and losses butRead more

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Market Stays Choppy as Stimulus Hopes Return

MomentumOptions.com Pre-Market Update for 10/21/2020 Market Stays Choppy as Stimulus Hopes Return 8:00am (EST) Wall Street rebounded on Tuesday after showing strength throughout the session while keeping 8-session trading ranges intact. The rally came after House Speaker Pelosi downplayed an earlier deadline she’d set to conclude negotiations over a stimulusRead more

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Market Choppiness Continues

MomentumOptions.com Pre-Market Update for 10/20/2020 Market Choppiness Continues 8:00am (EST) Wall Street showed opening gains to start the week but experienced late day selling pressure following heightened rhetoric over a coronavirus stimulus package. With a 48-hour deadline set by House Speaker Nancy Pelosi over the weekend that expires Tuesday, PresidentRead 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.