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
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
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
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
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
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
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
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
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
