Category Archive for ‘Oil’

June 25, 2010

Apollo Group Continues Lower, Auto-Trading Coming In July!

by Rick Rouse / Posted in Earnings, Oil, Trading Psychology, Daily Update

1:10pm (EST) We wanted to bring Apollo Group (APOL, $44.29, down $1.68) to your attention again today as shares have hit another 52-week low. We have been bearish on this stock for a couple years, and we had good success in the past playing options on it. Apollo Group andRead more

June 22, 2010

BP Hits 13-year Lows

by Rick Rouse / Posted in Market Commentary, Daily Update, Earnings, Market Analysis, Oil

1:00pm (EST) The market is mildly positive after spending much of the morning near the flat line. There have been spurts to the upside, but traders were cautious ahead the disappointing existing home sales report. Although selling pressure picked up after Wall Street got the numbers at 10am the market is still mixed.Read more

June 17, 2010

BP Takes Center Stage

by Rick Rouse / Posted in Trading Psychology, Daily Update, Oil

1:00pm (EST) The market has been in negative territory for much of the day as BP’s (BP, $31.92, up $0.07) CEO, Tony Hayward, is the latest suit-and-tie to sit on Capital Hill’s hot seat. Also weighing on the market, were a couple of disappointing economic reports as the bears tryRead more

June 13, 2010

MomentumOptionsTrading.com Weekly Wrap for 6/13/10

by Rick Rouse / Posted in IPOs, Market Analysis, Oil, Company Commentary, Momentum Stocks Weekly

7:30pm (EST) The bulls made the most of their opportunities and scored their first weekly win in a month as the market moved back towards key resistance levels. Ben Bernanke and China played an important role in helping the bulls get out of their funk, but will it be enough? Friday’s action was choppy, but thereRead more

June 10, 2010

Big Ben Blows A Save/ BP Hits Fresh Lows

by Rick Rouse / Posted in Daily Update, Oil, Company Commentary, Trading Tips

9:00am (EST) The bulls turned the ball over to Fed Chairman Ben Bernanke to help pull them out of their rut on Tuesday, and on Wednesday he was still firing fastballs. The market moved higher on about every word he spoke as the Dow busted through the 10,000 level and reached a highRead more

June 9, 2010

Is BP the Next Enron?

by Rick Rouse / Posted in Trading Psychology, Daily Update, Oil, Company Commentary, Trading Tips

9:00am (EST) The bulls turned to their closer in the final hour of trading to get back in the win column on Tuesday. Fed Chairman Ben Bernanke gave the the market some good news to go on, but the rally didn’t materialize until late as other headwinds kept things in check. However, after twoRead more

June 8, 2010

BP (BP), Transocean (RIG) Leaking Again

by Rick Rouse / Posted in Daily Update, Oil, Watch Lists, Trading Psychology

1:10pm (EST) The market is mixed as the Dow is higher by 44 points to 9,860 while the S&P 500 is up 2 to 1,052. The Nasdaq is lower by 14 points to 2,159. The Russell 2000 is down 5 points to 612, and has set a new low for the year. Read more

February 1, 2010

Amazon Showing Weakness, Exxon Pops

by Rick Rouse / Posted in Daily Update, Earnings, Market Analysis, Oil, Company Commentary, Market Commentary

12:30pm (EST) The bulls are back today as they attempt to pump new money into the market after the drubbing they got in January. The Dow has powered higher for much of the day and is currently at 10,148, up 80 points. The S&P 500 is higher by 11 ticksRead more

January 11, 2010

In Like Flynn

by Rick Rouse / Posted in Market Analysis, VIX, Oil, Company Commentary, Gold, Daily Update, Earnings

1:00pm (EST) The market started off on a strong note but has given back some of its gains as Wall Street awaits Alcoa’s (AA, $17.25, up $0.23) earnings report. The Dow is currently up 10 points to 10,628 while the S&P 500 is off by 3 points to 1,142. The Nasdaq isRead more

January 7, 2010

Eye On The Prize

by Rick Rouse / Posted in Option Trades, Daily Update, Sectors, Market Analysis, Oil, Market Commentary, Company Commentary, Trading Tips

9:00am (EST) It is amazing the price swings stocks and options can go through. The best part about being an option trader is that there is always a trade out there. With so many sectors and ways to use options, the possibilities are endless as sectors get hold or coldRead more

CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.