MomentumOptions.com Pre-Market Update for 7/16/2019 Bulls Keep Momentum on Continued Fresh Highs 8:00am (EST) The market was tentative throughout Monday’s session while trading in tight ranges and settling mostly higher as the start of 2Q earnings season heats up. The Financial sector will be the main focus throughout the weekRead more
MomentumOptions.com New Trades (DBX, VIAV) for 7/15/2019 3:45pm (EST) I have 2 New Trades I want to get into ahead of the close so let’s get on it. New Trades! Dropbox (DBX, $26.12, up $0.25) Buy to Open DBX August 28 calls (DBX190816C00028000, $0.75, up $0.05) Action: I like these call options atRead more
MomentumOptions.com Pre-Market Update for 7/15/2019 Bulls Cap Historic Week but Small-Caps Slack 8:00am (EST) The market showed continued strength on Friday while setting a fresh round of historic highs on hopes of an imminent rate cut at the end of the month. Fed Chair Jerome Powell did his part toRead more
MomentumOptions.com Pre-Market Update for 7/12/2019 Market Settles Mixed as Dow Taps Record High 8:00am (EST) The market showed momentum for the 2nd-straight session with the blue-chips tapping fresh all-time highs after Fed Chairman Powell all but confirmed a rate cut in his 2nd day of testimony. However, the small-caps traded lowerRead more
MomentumOptions.com Pre-Market Update for 7/11/2019 Bulls Tag Fresh All-Time Highs on Rate Cut Hopes 8:00am (EST) The market showed strength for the 2nd-straight session while setting fresh all-time highs following hints of a quarter-point rate cut later this month. Fed Chairman Jerome Powell stressed the various uncertainties that were weighingRead more
MomentumOptions.com New Trades (MRVL, MGM) for 7/10/2019 2:00pm (EST) I have 2 New Trades I want to get into so let’s get on it. Marvell Technology (MRVL, $25.06, up $0.50) Buy to Open MRVL August 26 calls (MRVL190816C00026000, $0.50, up $0.11) Action: I like these call options at current levelsRead more
MomentumOptions.com Pre-Market Update for 7/10/2019 Dow Down 3-Straight Sessions/ Profit Alerts (T) 8:00am (EST) The market closed mostly higher on Tuesday after spending much of the session underwater and showing caution ahead of Fed Chairman Jerome Powell’s testimony on Wednesday and Thursday. Powell didn’t comment on policy or the economyRead more
MomentumOptions.com Pre-Market Update for 7/9/2019 All Eyes on Fed Update/ Profit Alert (VIAV) 8:00am (EST) The market was weak for a 2nd-straight session as Wall Street awaits testimony from Fed Chairman’s Jerome Powell’s congressional testimony midweek. The start of 2Q earnings season also had investors slightly nervous as estimates haveRead more
MomentumOptions.com Pre-Market Update for 7/8/2019 Bulls Get Weekly Win Despite Friday’s Volatility 8:00am (EST) The market closed lower on Friday despite another strong jobs report as the news worried Wall Street that a possible rate cut later this month might not happen. While the overall action was slightly bearish, theRead more
MomentumOptions.com Pre-Market Update for 7/3/2019 Bulls Stay Strong 8:00am (EST) The market settled mostly higher following new trade developments that China would ease foreign financial ownership restrictions in 2020, which is a year earlier than anticipated. While this was a relatively small concession, it was another positive sign the relationshipRead more
