Category Archive for ‘Daily Update’

Another Sluggish Session

MomentumOptions.com Pre-Market Update for 3/6/2019 Another Sluggish Session 8:00am (EST) The market was sluggish throughout Tuesday’s session after showing weakness in the morning and slight strength in the afternoon. The tight action extended ongoing trading ranges for the major indexes as they now enter a 3rd-straight week of consolidation. EconomicRead more

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VIX Spikes but Holds 15 Level

MomentumOptions.com Pre-Market Update for 3/5/2019 VIX Spikes but Holds 15 Level 9:00am (EST) The market showed strength on Monday’s open and made a run past last week’s 2019 highs following more detailed developments concerning U.S./ China trade talks. Reports say a deal could happen this month and the U.S. tariffsRead more

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Nasdaq Up 10-Straight Weeks

MomentumOptions.com Pre-Market Update for 3/4/2019 Nasdaq Up 10-Straight Weeks 8:00am (EST) The market rebounded on Friday on news White House officials are planning a final trade deal with China ahead of the summit between President Donald Trump and Chinese leader Xi Jinping in the coming weeks. Economic news was weakRead more

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Tight Trading Ranges Continue

MomentumOptions.com Pre-Market Update for 3/1/2019 Tight Trading Ranges Continue 8:00am (EST) The market traded in a tight range on Thursday as the Trump-Kim summit ended abruptly when the two leaders failed to reach a deal. The failed meeting had little impact on the major indexes as they traded in tightRead more

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Market Stays Choppy

MomentumOptions.com Pre-Market Update for 2/28/2019 Market Stays Choppy 8:00am (EST) The market showed weakness for a 3rd-straight session with the major averages settling mixed as Wall Street digested the latest economic and political news. While both fronts played a role in market direction, the lower lows remain a slight concernRead more

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MomentumOptions.com Profit Alert (T) for 2/27/2019

MomentumOptions.com Profit Alert (T) for 2/27/2019 2:30pm (EST) I have a Profit Alert for one of our T positions as shares are showing weakness today. AT&T (T, $30.95, down $0.27) T March 30 calls (T190315C00030000, $1.10, down $0.25) Entry Price: $0.55 (2/12/2019) Exit Target: $2.10 Return: 118% Stop Target: $1.20Read more

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Bulls Hold Near-Term Support Levels

MomentumOptions.com Pre-Market Update for 2/27/2019 Bulls Hold Near-Term Support Levels  8:00am (EST) The market opened in negative territory as Wall Street awaited the semi-annual testimony from Fed Chair Powell and his comments before the Senate Banking committee. There was little reaction from the market as the major indexes got aRead more

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MomentumOptions.com Profit Alert (AMD) for 2/26/2019

MomentumOptions.com Profit Alert (AMD) for 2/26/2019 11:40am (EST) I have a Profit Alert for AMD as shares are showing weakness today. While I still like this trade going forward, I mentioned we would protect profits given the number of positions we have open. Advanced Micro Devices (AMD, $24.40, down $0.31)Read more

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Market Settles Mixed Following Morning Breakout

MomentumOptions.com Pre-Market Update for 2/26/2019 Market Settles Mixed Following Morning Breakout  8:00am (EST) The market showed strength throughout Monday’s action following confirmation President Trump will extend the March 1st tariff deadline. The President also cited substantial progress on key issues was made following U.S./ China trade talks that also helpedRead more

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Market Up 9-Straight Weeks

MomentumOptions.com Pre-Market Update for 2/25/2019 Market Up 9-Straight Weeks  8:00am (EST) The market showed strength throughout Friday as trade talks between the U.S. and China are signaling a possible deal is near. In a letter to U.S. President Donald Trump, China’s Xi Jinping said that both parties will redouble theirRead 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.