MomentumOptions.com Pre-Market Update for 4/20/2021 Bears Get Rare April Win 8:00am (EST) The stock market retreated from last week’s record highs after trading in negative territory throughout Monday’s session. Some of the nervousness was attributed to a rise in the 10-year Treasury yield which topped 1.6% and the weekend plungeRead more
MomentumOptions.com Pre-Market Update for 4/19/2021 Market Stays Hot for the Fourth-Straight Week 8:00am (EST) The stock market closed higher on Friday following another record-setting rally, fueled by stronger-than-expected economic data and earnings. Specifically, housing starts rose 19.4% to a 1.74 million rate in March, while March building permits rose 2.7%Read more
MomentumOptions.com New Trade (ADM) for 4/16/2021 11:15am (EST) I have a New Trade on another stock that is showing signs of breaking out. New Trade! Archer Daniels Midland Company (ADM, $59.04, up $0.37) Buy to Open ADM May 60 calls (ADM210521C00060000, $1.15, up $0.15) Action: I like these call optionsRead more
MomentumOptions.com Pre-Market Update for 4/16/2021 Bulls Continue to Push Record Highs 8:00am (EST) The stock market showed continued strength on Thursday as encouraging economic news and better-than-expected earnings pushed the major indexes towards new all-time highs and prior resistance levels. Specifically, a much stronger than expected report on consumer spendingRead more
MomentumOptions.com Pre-Market Update for 4/15/2021 Blue-Chips Test Fresh All-Time High 8:00am (EST) The stock market closed mixed on Wednesday despite exceptional earnings from the Financial sector. Technology stocks weighed down the broader market while the small-caps showed the most strength. Fed speak was also back in focus although Chairman PowellRead more
MomentumOptions.com Pre-Market Update for 4/14/2021 Vaccine News Weighs on Market Momentum 8:00am (EST) The stock market was mixed on Tuesday after U.S. federal health officials issued for a pause in the rollout of Johnson & Johnson’s (JNJ) coronavirus vaccine following concerns over rare blood clots in some individuals who receivedRead more
MomentumOptions.com Pre-Market Update for 4/13/2021 Market Dips As Wall Street Awaits Earnings 8:00am (EST) The stock market slipped on Monday as Wall Street awaits the start of the first-quarter earnings season that begins midweek. The losses were kept in check following comments from Fed Chairman Powell who reiterated that theRead more
MomentumOptions.com Pre-Market Update for 4/12/2021 Bulls Get Weekly Win Although Small-Caps Slack 8:00am (EST) The stock market closed mostly higher on Friday despite a choppy open with the major indexes closing out a solid week of gains. Tech recovered earlier losses to trade in positive territory while the small-caps dancedRead more
MomentumOptions.com Pre-Market Update for 4/9/2021 Record Highs Back in Focus 8:00am (EST) The stock market regained momentum on Thursday with all of the major indexes closing higher and the broader market flirting with recent records. Much of the rally was attributed to Fed Chairman Powell after he said once againRead more
MomentumOptions.com Pre-Market Update for 4/8/2021 Fed Minutes Not Much Impact/ Profit Alert (UTZ)/ Trade Alert (IGT) 8:00am (EST) The stock market traded in a narrow range ahead of and after the latest meeting minutes from the Federal Reserve before closing mixed on Wednesday. The Fed noted the economy was farRead more
