MomentumOptions.com Pre-Market Update for 12/18/2020 Bulls Still Showing Strong Momentum 8:00am (EST) The stock market shrugged off weak economic news before the open to close at record levels on Thursday, despite Congress remaining locked in discussions over another coronavirus relief package and legislation to fund the government for the fiscalRead more
Bulls Still Showing Strong Momentum
Nasdaq and Small-Caps Close Back Below 50-Day Moving Averages
MomentumOptions.com Pre-Market Update for 10/29/2020 Nasdaq and Small-Caps Close Back Below 50-Day Moving Averages 8:00am (EST) Wall Street closed lower on Wednesday as the surge in coronavirus cases here at home and across the pond continued to weight on sentiment. Disappointing earnings and guidance, along with the failure to passRead more
Late Day Trump Tweet Rattles Wall Street
MomentumOptions.com Pre-Market Update for 10/7/2020 Late Day Trump Tweet Rattles Wall Street 8:00am (EST) The stock market was choppy throughout much of Tuesday’s action despite a decent jobs report that showed nearly 6.5 million openings. The small-caps were cruising after surging past prior resistance levels from early August while TechRead more
MomentumOptions.com New Trade (VIAV) for 7/13/2020
MomentumOptions.com New Trade (VIAV) for 7/13/2020 2:35pm (EST) I have a New Trade for today so let’s get on it. Viavi Solutions (VIAV, $13.06, up $0.15) Buy to Open VIAV August 14 calls (VIAV200821C00014000, $0.60, up $0.15) Action: I like these call options at current levels and you can useRead more
Bulls Get 2nd-Straight Win Despite Opening Selloff
MomentumOptions.com Pre-Market Update for 6/16/2020 Bulls Get 2nd-Straight Win Despite Opening Selloff 8:00am (EST) The market opened Monday’s session on the south side after the bears regained short-term momentum following last week’s selloff. The tentiveness came on light economic news and ongoing concerns over the rising number in coronavirus cases.Read more
Bulls Set Another Round of Record Highs
MomentumOptions.com Pre-Market Update for 2/7/2020 Bulls Set Another Round of Record Highs 8:00am (EST) The market extended their winning streak to 4-straight after notching fresh record highs on Thursday. The return to risk that has driven the rally in stocks has been supported by hopes that the coronavirus will beRead more
MomentumOptions.com New Trade (PFE) for 1/23/2020
Bulls Losing Streak Reaches 3-Straight
MomentumOptions.com Pre-Market Update for 12/4/2019 Bulls Losing Streak Reaches 3-Straight 8:00am (EST) The market extended its losing streak to 3-straight sessions on Tuesday after President Trump said there is not a deadline for a trade deal with China and that it might be best to wait until after the 2020Read more
Bears Make an Appearance as VIX Spikes
MomentumOptions.com Pre-Market Update for 10/5/2018 Bears Make an Appearance as VIX Spikes 8:00am (EST) The market was hit for losses on Thursday following the surge in government bond yields. The yield on 10-year Treasury note, a bellwether for risk sentiment around the world, jumped to 3.188% Thursday. This was upRead more