MomentumOptions.com New Trades (JNPR, HOOD) for 10/18/2021 1:25pm (EST) I have two new trades this afternoon so let’s go check the action. New Trades! Juniper Networks (JNPR, $28.52, down $0.08) Buy to Open JNPR November 29 calls (JNPR211119C00029000, $0.80, down $0.09) Action: I like these call options at current levelsRead more
MomentumOptions.com Pre-Market Update for 10/18/2021 Bulls Stay Strong Despite Mixed Economic News 8:00am (EST) The stock market was mostly higher on Friday despite underwhelming economic news as strong earnings outweighed the disappointment. Business inventories were up 0.6%, just shy of forecasts of 0.7%, while consumer sentiment slipped -1.4 points toRead more
MomentumOptions.com Pre-Market Update for 10/15/2021 3Q Earnings Powers Bulls Past Key Resistance Levels 8:00am (EST) The stock market rallied on Thursday as the start of the third-quarter earnings season heated up with the big banks and a few of the blue-chip members reporting better-than-expected numbers before the bell. Falling interestRead more
MomentumOptions.com Pre-Market Update for 10/14/2021 Bulls Bounce Back Despite Headwinds 8:00am (EST) The stock market was mostly higher on Wednesday following the latest Fed minutes update from the September policy meeting. Members signaled they could start reducing support for the economy in mid-November, though they remained split on how muchRead more
MomentumOptions.com Pre-Market Update for 10/13/2021 Whipsaw Action Continues Following Jobs Update 8:00am (EST) The stock market was choppy again on Tuesday following another update on jobs. The JOLTS report showed job openings fell 659,000 to 10,439,000 in August. This represented the first monthly decline of the year but follows theRead more
MomentumOptions.com Pre-Market Update for 10/12/2021 Market Slips for the 2nd-Straight Session 8:00am (EST) The stock market opened with strong gains on Monday but closed near session lows as Wall Street awaits earnings seasons. The price of oil, which topped $82 a barrel, added to concerns over rising energy and commodityRead more
MomentumOptions.com Pre-Market Update for 10/11/2021 Jobs Data Misses Expectations 8:00am (EST) The stock market pulled back on Friday following a disappointing September jobs report. Nonfarm payrolls of 194,000 were well shy of forecasts for a reading of 500,000. The unemployment rate fell to 4.8%, but this was due to theRead more
MomentumOptions.com Pre-Market Update for 10/8/2021 Volatility Falls Below 20 8:00am (EST) The stock market showed continued strength on Thursday after Congress approved legislation to temporarily raise the federal government’s debt limit and avoid the risk of a historic default later this month. However, the can was only kicked down theRead more
MomentumOptions.com Pre-Market Update for 10/7/2021 October Volatility Continues 8:00am (EST) The stock market was choppy on Wednesday despite news private payrolls increased by 568,000 jobs in September, or 140,000 more than expectations. The major indexes rebounded of the morning lows as positive developments in Congress to avert a government defaultRead more
MomentumOptions.com Trade Alerts (BMY, XLF) for 10/6/2021 1:00pm (EST) We are closing a couple of our bullish plays from September and late August as the market continues to remain volatile. The action is indicating a possible test towards the 200-day moving averages for the major indexes as downside channels remainRead more
