MomentumOptions.com Pre-Market Update for 5/28/2020 Small-Caps Up 5-Straight Sessions 8:00am (EST) The market traded on both sides of the ledger throughout Wednesday’s action before closing higher as rising geopolitical risks weighed on sentiment. The pro-democracy protests have intensified in Hong Kong as China seeks to expand its new security lawsRead more
MomentumOptions.com Pre-Market Update for 5/27/2020 Multi-Month Resistance Levels Back in Play 8:00am (EST) The market showed continued momentum on Tuesday following positive developments and more clarity between China and Hong Kong concerning a controversial national security law. The continued reopening of states here at home and another possible coronavirus cureRead more
MomentumOptions.com Pre-Market Update for 5/26/2020 Bulls Win Big Week Despite Friday’s Timid Action 8:00am (EST) The market was opened slightly lower to start Friday’s after digesting the latest round of corporate earnings while monitoring overseas news concerning China’s push on a controversial national security law in Hong Kong. President TrumpRead more
MomentumOptions.com Pre-Market Update for 5/22/2020 Bears Win Choppy Session 8:00am (EST) The market was choppy on Thursday’s following better-than-expected earnings from the Retail sector but worse-than-expected economic news. Adding to the negative sentiment was the release of complaints about China from the White House that accused Beijing of predatory economicRead more
MomentumOptions.com Pre-Market Update for 5/21/2020 Bulls Tag Fresh Monthly Highs 8:00am (EST) The market rebounded on Wednesday with the major indexes closing in positive territory for the 4th time in 5 sessions after setting fresh monthly highs. The opening gains held steady into the FOMC Minutes which had little impactRead more
MomentumOptions.com Pre-Market Update for 5/20/2020 Late Selling Pressure Sends Market Lower 8:00am (EST) The market was choppy to start Tuesday’s session after President Trump threatened to permanently cut off funding to the World Health Organization and revoke U.S. membership if the group doesn’t curb what he called its pro-ChinaRead more
MomentumOptions.com New Trade (FCX) for 5/19/2020 11:55pm (EST) I have a New Trade I want to get into so let’s get on it. New Trade! Freeport McMoRan (FCX, $9.26, up $0.08) FCX June 10 calls (FCX200619C00010000, $0.40, up $0.05) Action: I like these call options at current levels and youRead more
MomentumOptions.com Pre-Market Update for 5/19/2020 Market Pushing Late April Resistance 8:00am (EST) The market started the week off higher following comments from Fed Chairman Powell about the economy and a time frame for recovery while positive data for an experimental coronavirus vaccine also lifted sentiment. The gains pushed the majorRead more
MomentumOptions.com Trade Alert (XLK) for 5/18/2020 2:00pm (EST) I have a Trade Alert given today’s market strength. Trade Alert! Technology Select Spiders (XLK, $96.04, up $2.57) XLK June 85 puts (XLK200619P00085000, $0.85, down $0.60) Entry Price: $1.75 (5/13/2020) Exit Target: $3.50 Return: -47% Stop Target: $1.00 Action: Close the tradeRead more
MomentumOptions.com Pre-Market Update for 5/18/2020 Bulls Win Another Choppy Session 8:00am (EST) The market had another rocky start to Friday’s session amid renewed U.S./China trade worries following a report that the U.S. is looking to block global chip makers from supplying a major Chinese company. Disappointing economic news also weighedRead more
