MomentumOptions.com Pre-Market Update for 10/19/2020 Late Day Selling Pressure Weighs on Small-Caps, Tech 8:00am (EST) The stock market finished mixed on Friday after spending much of the session pushing prior resistance levels. Better-than-expected economic news and fresh developments on the release of a coronavirus cure by the end of NovemberRead more
MomentumOptions.com New Trade (MGM) for 10/16/2020 2:10pm (EST) I have a New Trade for today so let’s get on it. New Trade! MGM Resorts International (MGM, $21.25, up $0.09) Buy to Open MGM November 23 calls (MGM201120C00023000, $0.95, up $0.05) Action: I like these call options at current levels andRead more
MomentumOptions.com Pre-Market Update for 10/16/2020 Bulls Rebound Off Opening Lows 8:00am (EST) The stock market finished well off session lows but ended with losses for the third-straight session on Thursday, as rising coronavirus cases, especially in Europe, resulted in new restrictions on businesses and travel. Also weighing on sentiment wasRead more
MomentumOptions.com Pre-Market Update for 10/15/2020 Bears Get 2nd-Straight Win 8:00am (EST) The stock market fell for the second-straight session following comments from Treasury Secretary Steven Mnuchin that dampened expectations of a coronavirus stimulus deal being reached before the November 3rd presidential election. Mnuchin said getting a deal done before theRead more
MomentumOptions.com Pre-Market Update for 10/14/2020 Financial Earnings Shine, Airline Earnings Disappoint / Profit Alerts (BAC, GM) 8:00am (EST) The stock market struggled on Tuesday as the start of the 3Q earnings season officially got underway with the Financial sector pleasing Wall Street analysts while the Airline sector widely disappointed. However,Read more
MomentumOptions.com Pre-Market Update for 10/13/2020 Market Maintains Momentum 8:00am (EST) The stock market maintained its current momentum following Monday’s gains and ahead of the start of the 3Q earnings season. The major indexes continue to work their way towards fresh all-time highs with the Nasdaq and S&P 500 pushing SeptemberRead more
MomentumOptions.com Pre-Market Update for 10/12/2020 Bulls Get Weekly Win Ahead of 3Q Earnings Season 8:00am (EST) The stock market extended its winning streak to three-straight sessions after closing higher on Friday following a slight breakthrough in stimulus talks. President Trump upped his counter offer to $1.8 billion but Senate MajorityRead more
MomentumOptions.com New Trade (FCX) for 10/9/2020 3:00pm (EST) I have a New Trade for today so let’s get on it. New Trade! Freeport McMoRan (FCX, $17.13, up $0.33) Buy to Open FCX November 18 calls (FCX201120C00018000, $0.95, up $0.10) Action: I like these call options at current levels and youRead more
MomentumOptions.com Pre-Market Update for 10/9/2020 Small-Caps Breaking Out 8:00am (EST) The stock market was up for the second-straight session following merger-and-acquisition news and ongoing, but shaky, stimulus talks. Morgan Stanley (MS) agreed to buy Eaton Vance (EV) for $56.50 in a deal valued at $7 billion. Meanwhile, The back-in-forth battleRead more
MomentumOptions.com Pre-Market Update for 10/8/2020 Small-Caps Breaking Out 8:00am (EST) The stock market showed strong momentum throughout Wednesday’s action while recovering the previous session losses. The small-caps led the charge and appear to breaking out while the other major indexes are approaching prior resistance levels from early and mid-September. TheRead more
