Category Archive for ‘Sectors’

Best Buy (BBY) Crumbles on Weak Sales, Options Zoom 1,300%

1:35pm (EST) Shares of Best Buy (BBY, $27.20, down $10.37) are down 28% today after the company posted weaker-than-expected holiday sales. There have been a number of analyst upgrades on the rocket ride from a 52-week low of $13-and change to a 52-week peak north of $44 but they areRead more

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Pot Stock Medbox (MDBX) Up 47% on Marijuana Squeeze/ New Trades!!!

1:20pm (EST) Mama’s got a squeeze box She wears on her chest And when Daddy comes home He never gets no rest   ‘Cause she’s playing all night And the music’s all right Mama’s got a squeeze box Daddy never sleeps at night   We normally spin office classics onRead more

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Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!

12:10pm (EST) Out with the old, in with the new. The Dow Jones Industrial Average is made up of 30 stocks.  From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies.  Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of AmericaRead more

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S&P 500 at 5-Year Highs

12:15pm (EST) We mentioned this week could be flat and that a trading range would develop before next week’s possible push to new highs but today’s current gains have put the bulls in the lead for a weekly gain.  Albeit, the gains would be small but a win is aRead more

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October Historically Scary

9:00am (EST) “We came into the week with the market showing a 4% gain for September and we said the indexes were 2%-3% away from our “fluff” targets.  With one week left, we were looking for the bulls to get to within 1% of our fluff targets for the monthRead more

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FedEx Puts Halt on Transports

12:35pm (EST) The market is mixed as we head into the second half of trading.  Earnings and economic news have also been mixed with FedEx (FDX, $87.51, down $1.77) disappointing Wall Street on lowered quarterly and 2013 guidance. FedEx matched expectations for the just ended period after reporting a profitRead more

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Bulls Riding Crazy Train

9:00am (EST) All Aboard!!! Ha, ha, ha…. We played a classic at the office headquarters this morning to get our day started and there was no introduction needed after the bulls pushed new multi-year and decade highs yesterday.  Mario Draghi and the European Central Bank (ECB) said exactly what theRead more

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FedEx (FDX) Slips on Lowered Outlook

1:05pm (EST) Shares of FedEx (FDX, $86.49, down $1.05) are trading lower today after the company warned after the bell on Tuesday that if would miss current estimates for the upcoming quarter.  FedEx now expects to post a profit of $1.37-$1.43 versus its earlier forecast for $$1.45-$1.60 a share.  WallRead more

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Market at Support, Bernanke on Deck

9:00am (EST) The market closed right at support like we figured heading into today’s big event.  We are pretty sure Ben Bernanke checked yesterday’s closes on the indexes so he is well aware what his carefully chosen words could mean for the market. The Dow dropped 107 points, or 0.8%,Read more

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Gold and Silver Real Winners in August

12:10pm (EST) It’s been another boring day on Wall Street but an exciting one for our portfolio.  As the tight trading range continues, we will have to entertain ourselves with earnings and economic news until Big Ben speaks on Friday. Joy Global (JOY, $50.78, down $2.29) is down 4% afterRead more

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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.