Category Archive for ‘Daily Update’

Futures Pointing Towards Strong Open

9:15am (EST) The market closed lower for its fourth straight session on Wednesday but futures are higher this morning as we head towards the open.  The Dow fell 30 points yesterday and will start the session at 9,280.  When you include last Friday, the index is off by 3 BenRead more

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What Is A Chicken Trade?

Bryan recently emailed us and asked about “chicken option trades.” He said we could post his email and Rick’s reply. We hope you find it informative. Rick – I’m looking for someone to teach me more about options trading. I heard about the “chicken trades” and that you can almostRead more

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First Solar Sinks, Rebounds

1:10pm (EST) First Solar (FSLR, $116.89, up $1.80) has been all over the map today but we took advantage of this morning’s dip to $112. Here were my thoughts for our subscriber from this morning: “Well, I put my money where my mouth was.  I entered a long position today atRead more

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Wednesday's WakeUp Call

9:10am (EST) Futures are up slightly lower as we get ready for this morning’s trading action.  Yesterday, the bears ruled Wall Street and it looks like they could get the ball first this morning.  Dow futures are down 25 points to 9,278 while the Nasdaq futures are lower by 4.5 points, to 1,591.  S&PRead more

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Trade Updates – Monday, August 31, 2009

September 2009 | Members 11:00pm (EST) Bank of America (BAC, $17.59, down $0.39)   January 20 calls (BYOAT, $1.42, down $0.11)   Entry Price: $1.18 (8/12/09) Exit Target: $1.80 Return:  20% Stop: $1.30   Action:  BofA traded to a low of $17.45 and the call options hit $1.31.  Our stop isRead more

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First Solar Continues Plunge

12:10pm (EST) I’ve been talking about First Solar (FSLR, $116.63, down $4.95) lately and I have been looking to do a strangle trade on the stock.  On Sunday night, the stock was at $124 and finished Monday at $121.58, down $2.63.  Today’s 5% drop has got me taking a closer look at theRead more

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Sirius Gets Price Target Raised

9:50am (EST) I posted a little late because I wanted to see how we opened this morning.  Futures were strong last night but took a turn for the worse after it was revealed the jobless rate for the 16 nations that use the euro climbed to a new 10-year high ofRead more

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Trade Updates, Dendreon (DNDN) Added

Monday's Mid-Day Update

1:00pm (EST) The market has traded in the negative all morning following the continued turmoil in the Chinese market.  Futures were weak all morning after the Shanghai Composite plunged nearly 7%, as investors dealt with liquidity concerns and an anticipated slowdown in lending. China has suggested they would cut back on bankRead more

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Disney Buying Marvel

9:15am (EST) The Walt Disney Company (DIS, $26.84) has agreed to acquire Marvel Entertainment (MVL, $38.65)  in a stock and cash deal that will provide significant opportunities for Disney over the long run. Under the terms of the deal and based Disney’s closing price as of Friday, Marvel stockholders will receiveRead 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.