Category Archive for ‘Oil’

September 3, 2008

Market Fails to Hold Tremendous Gains

by Rick Rouse / No Comments / Posted in Daily Update, Market Analysis, Oil, Gold

The market opened with a bang on Tuesday as Wall Street got excited that Hurricane Gustav did not cause any significant damage or oil-supply disruptions over the holiday weekend. However, by the end of the day the Dow gave up a 250-point gain and ended the session down 26 toRead more

August 21, 2008

Oil Spikes, Gold Follows

by Rick Rouse / No Comments / Posted in Daily Update, Sectors, Oil

Barrick Gold (ABX, $36.39, up $2.68). The January 35 calls (ABXAG, $5.00, up $1.40) were at $3.10 on Friday. Goldcorp (GG, $34.98, up $2.55). The January 32.50 calls (GGAZ, $6.00, up $1.50) were going for $3.30. Gold Fields (GFI, $9.05, up $0.39). The January 10 calls (GFIAB, $1.10, up $0.25)Read more

August 19, 2008

More on Oil

by Rick Rouse / No Comments / Posted in Oil, Daily Update, Sectors

We might as well get accustomed to talking about oil on a regular basis, as if we haven’t already, right? There are so many things that oil effects right now that change has become inevitable to find cheaper, alternative fuels. That’s a good thing as far as trading oil goesRead more

August 15, 2008

Gold, Oil and the Dollar Oh My!

by Rick Rouse / No Comments / Posted in Market Analysis, Oil, Daily Update, Sectors

Wow. Just when it appeared gold was “off to see the wizard..” and was headed for $1,000 an ounce it is now trading for under $800 an ounce. The 20% drop has happened in just six weeks. On July 1, gold was going for $940. This morning, gold was tradingRead more

July 29, 2008

Oil Breaks Key Technical Support Levels

by Rick Rouse / No Comments / Posted in Daily Update, Sectors, Oil, Commodities, Economic News

The market is on the upswing as we head to lunch following yesterday’s huge loss. Oil is down a little over $3 to $121 level and the talk is it could be on its way to $100 a barrel. Just a few weeks ago we were approaching $150 so theRead more

June 6, 2008

Dow Falls 400 Points

by Rick Rouse / No Comments / Posted in Daily Update, Market Analysis, Oil

It was an ugly day for the market as the Dow officially fell 394 points to close at 12,209. Oil was the main culprit once again as it soared over $11 to close just under $140 a barrel. A weak unemployment report didn’t help matters either. The Labor Department saidRead more

May 9, 2008

Nabors Industries Looks Strong

by Rick Rouse / No Comments / Posted in Oil, Daily Update, Sectors, Earnings

8AM Oil and Energy stocks have done tremendously well over the last few years and investors are wondering out loud if they still have room to run or are many of them overpriced? The answer of course lies in your own due diligence but Nabors Industries (NBR, $39.53, up $0.72)Read more

May 6, 2008

Could Oil Hit $200?

by Rick Rouse / No Comments / Posted in Daily Update, Oil

It’s hard to believe sometimes but I can remember when gas use to be under $2/ gallon. And it wasn’t that long ago. The fist time gas hit two bucks a gallon was in May 2004 (East Coast prices). Up until March of 2005 gas would hover around this markRead more

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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.