Category Archive for ‘Daily Update’

Dow Clears 50-Day Moving Average, Holds 26,000 Level

MomentumOptions.com Pre-Market Update for 6/11/2019 Dow Clears 50-Day Moving Average, Holds 26,000 Level 8:00am (EST) The market showed continued momentum to start the week after Mexico reached a deal to avoid the implementation of tariffs that were set to start on Monday. Meanwhile, Meanwhile, President Trump said he believes ChinaRead more

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MomentumOptions.com New Trades (INTC, VIAV) for 6/10/2019

MomentumOptions.com New Trades (INTC, VIAV) for 6/10/2019 10:00am (EST) I have 2 New Trades I want to get into this morning so let’s get on it. New Trades! Viavi Solutions (VIAV, $13.28, up $0.14) Buy to Open VIAV September 14 calls (VIAV190920C00014000, $0.65, up $0.05) Action: I like these callRead more

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Bulls Post Best Week for 2019

MomentumOptions.com Pre-Market Update for 6/10/2019 Bulls Post Best Week for 2019 8:00am (EST) The market showed continued strength on Friday with the major indexes capping off their best week of the year despite an underwhelming jobs report. However, the lousy news helped support the case for the Fed to easeRead more

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Small-Caps Show Continued Weakness

MomentumOptions.com Pre-Market Update for 6/7/2019 Small-Caps Show Continued Weakness 8:00am (EST) The market was mostly higher on Thursday after making higher highs while trading in tighter ranges ahead of Friday’s Employment Report.  Other economic news concerning jobs came in soft and led to the opening choppiness along with ongoing trade concernsRead more

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Bulls Showing Continued Momentum

MomentumOptions.com Pre-Market Update for 6/6/2019 Bulls Showing Continued Momentum 8:00am (EST) The market showed overall strength for the 3rd-straight session despite mixed economic news as trade rhetoric showed signs of improving. Reports that U.S. Treasury Secretary Steve Mnuchin will meet with his Chinese counterpart at the G20 gathering late thisRead more

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Bulls Rebound With S&P 500 Clearing 200-Day MA

MomentumOptions.com Pre-Market Update for 6/5/2019 Bulls Rebound With S&P 500 Clearing 200-Day MA 8:00am (EST) The market showed strength on another turnaround Tuesday following hopeful signs from Mexico and China that a resolution might be on the horizon, although it is not clear it would be anytime soon. President TrumpRead more

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MomentumOptions.com New Trade (WU) for 6/4/2019

MomentumOptions.com New Trade (WU) for 6/4/2019 2:10pm (EST) I have a New Trade I want to get into today on a stock making a huge breakout. New Trade! Western Union (WU, $20.44, up $1.05) Buy to Open WU August 21 calls (WU190816C00021000, $0.45, up $0.25) Action: I like these callRead more

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Small-Caps Show Strength, VIX Holds 20

MomentumOptions.com Pre-Market Update for 6/4/2019 Small-Caps Show Strength, VIX Holds 20 8:00am (EST) The market settled mixed on Monday following a fresh round of Fed speak on the economy and interest rates. The choppy action showed some strength in the morning but weakness in Tech throughout the session weight onRead more

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Bears Cap May with Fresh Lows

MomentumOptions.com Pre-Market Update for 6/3/2019 Bears Cap May with Fresh Lows 8:00am (EST) The market struggled throughout Friday’s session following fresh rhetoric from President Trump to impose a 5% tariff on all Mexican imports starting June 10th. Additionally, duties of up to 25% could be imposed in the coming monthsRead more

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Bulls Bounce Back but Resistance Holds

Bulls Bounce Back but Resistance Holds MomentumOptions.com Pre-Market Update for 5/31/2019 Bulls Bounce Back but Resistance Holds 8:00am (EST) The market showed strength throughout much of Thursday’s action following a goldilocks GDP report and a stable jobless claims number. Near-term resistance levels held ahead of the late day weakness thatRead 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.