MomentumOptions.com Pre-Market Update for 6/24/2019 Bulls Get 3rd-Straight Weekly Win 8:00am (EST) The market was choppy to start Friday’s action after President Trump called off strikes on Iran because they were not commensurable relative to Iran’s recent downing of a U.S. drone. The major stock indexes rebounded off the openingRead more
MomentumOptions.com Pre-Market Update for 6/21/2019 S&P 500 Taps Fresh All-Time High 8:00am (EST) The market opened in rally mode while pushing all-time highs following the FOMC’s recent dovish stance along with improved trade hopes after Mexico ratified the USMCA deal. The major indexes backed off their highs and nearly plungedRead more
MomentumOptions.com Trade Alert (INTC) for 6/20/2019 3:35pm (EST) With shares of INTC pulling back off today’s high, let’s close the trade for a scratch as the chart remains bearish along with today’s pullback. Current Trades Intel (INTC, $47.00, down $0.07) INTC July 49 calls (INTC190719C00049000, $0.70, down $0.05) Entry Price:Read more
MomentumOptions.com Pre-Market Update for 6/20/2019 Small-Caps Clear 50/200-Day Moving Averages 8:00am (EST) The market was neutral for much of Wednesday’s action as Wall Street awaited the Fed’s latest decision on interest rates. The action afterwards was slightly bullish as the Fed left rates unchanged but dropped strong hints a cutRead more
MomentumOptions.com Pre-Market Update for 6/19/2019 Nasdaq Clears 50-Day Moving Average 8:00am (EST) The market rallied on Tuesday following fresh trade optimism with China and ahead of the FOMC’s latest decision concerning interest rates on Wednesday. President Trump tweeted that he had a very good conversation with President Xi of China withRead more
MomentumOptions.com Pre-Market Update for 6/18/2019 Holding Pattern Remains Intact 8:00am (EST) The market showed strength throughout Monday’s action despite disappointing economic news and continued chatter over China tariffs. Commerce Secretary, Wilbur Ross, said President Trump would be perfectly happy imposing tariffs on the remaining $300 billion of Chinese imports ifRead more
MomentumOptions.com Pre-Market Update for 6/17/2019 Bulls Get 2nd-Straight Weekly Win 8:00am (EST) The market traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made aRead more
MomentumOptions.com Pre-Market Update for 6/14/2019 Small-Caps Lead Rebound to Prior Resistance 8:00am (EST) The market showed rebounded on Thursday to snap 2-session slide despite a spike in crude oil prices, which was triggered after two tankers were damaged in a suspected attack in the Gulf of Oman. The major indexesRead more
MomentumOptions.com Pre-Market Update for 6/13/2019 Bears Push Near-Term Support 8:00am (EST) The market showed weakness for a 2nd-straight session while closing slightly lower in anticipation of what the Fed may or may not do ahead of next week’s FOMC update. The pullback held near-term support levels with the possibility ofRead more
MomentumOptions.com Pre-Market Update for 6/12/2019 Bulls Take a Breather 8:00am (EST) The market showed opening strength on Tuesday before closing slightly lower following renewed tariff threats with China. President Trump continued his stance that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President XiRead more
