Category Archive for ‘Daily Update’

Inflation Data Fails to Impress

MomentumOptions.com Pre-Market Update for 7/1/2022 Inflation Data Fails to Impress 8:00am (EST) The stock market showed continued weakness on Thursday, and for the fourth-straight session, despite some slightly good news on inflation. Specifically, personal consumption expenditures came in better-than-expected at 4.7% versus expectations for an increase of 4.8%. Headline inflation,Read more

More

Bears Get Hat Trick

MomentumOptions.com Pre-Market Update for 6/30/2022 Bears Get Hat Trick 8:00am (EST) The stock market was mostly lower on Wednesday and for the third-straight session as Wall Street focused on comments by Fed Chair Powell. He said there is a risk the central bank’s interest rate hikes will slow the economyRead more

More

Bears Push Fresh Support Levels

MomentumOptions.com Pre-Market Update for 6/29/2022 Bears Push Fresh Support Levels 8:00am (EST) Wall Street was weak for the second-straight session as the selling pressure picked up steam into Tuesday’s closing bell. The pullback was a disappointment as it failed to hold last Friday’s breakout above key resistance levels that wereRead more

More

MomentumOptions.com Profit Alert (RKT) for 6/28/2022

MomentumOptions.com Profit Alert (RKT) for 6/28/2022 3:30pm (EST) I have another Profit Alert (71%) for one of our current trades as we have now closed nine of our last 10 positions since late March for winners. For 2022, the Track Record is up to 23-9 for a 72% win rate.Read more

More

Momentum Stalls on Slight Pullback

MomentumOptions.com Pre-Market Update for 6/28/2022 Momentum Stalls on Slight Pullback 8:00am (EST) The stock market struggled on Monday after trading on both sides of the ledger and failing to maintain the momentum from last week’s rally. The tighter trading ranges could indicate a range bound week as Wall Street preparesRead more

More

Bulls Clear Double-Layers of Resistance

MomentumOptions.com Pre-Market Update for 6/27/2022 Bulls Clear Double-Layers of Resistance 8:00am (EST) The stock market ended Friday on a strong note as the bulls got the weekly win for just the second time over the past 13 weeks. The over 5%-7% gains for the major indexes helped recover the previousRead more

More

MomentumOptions.com Profit Alert (RKT) for 6/24/2022

MomentumOptions.com Profit Alert (RKT) for 6/24/2022 3:30pm (EST) I have a Triple-Digit Profit Alert for one of our current trades ahead of the closing bell so let’s go check the tape. Profit Alert! Rocket Companies (RKT, $7.72, up $0.31) RKT August 8 calls (RKT220819C00008000, $0.70, up $0.15) Entry Price: $0.35Read more

More

MomentumOptions.com New Trade (GT) for 6/24/2022

MomentumOptions.com New Trade (GT) for 6/24/2022 10:05am (EST) I have a New Trade on a stock that seems to have formed a nice bottom and is holding prior support from last month. We are going to be a little aggressive as we are going to use the regular July optionsRead more

More

Bulls Get Back on Track

MomentumOptions.com Pre-Market Update for 6/24/2022 Bulls Get Back on Track 8:00am (EST) The stock market showed strength on Thursday, and for the third time over the past four sessions, following Fed Chair Powell’s second day before Congress speaking on monetary policy. To no surprise, Powell reiterated that the central bankRead more

More

Powell Rally Fades

MomentumOptions.com Pre-Market Update for 6/23/2022 Powell Rally Fades 8:00am (EST) Wall Street pulled back on Wednesday following a choppy session and mixed comments from Fed Chairman Powell. He stated the Fed is strongly committed to bringing down inflation but also said a recession remains a possibility and that a softRead more

More

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.