2:05pm (EST) Shares of Sonic (SONC, $23.21, up $2.29) are surging to fresh 52-week peaks following another decent earnings report. The company reported their numbers after Monday’s close and beat estimates by a penny, or, the 6 cents analysts had expected. However, Q2 revenues came in over $1 million light
Sonic (SONC) Soars 11%, Options Zoom 200%/ VIX Below 15
S&P 500 Triggers Fresh All-Time High/ New Trade/ Profit Alert (IR)!!!
12:35pm (EST) Special Notice: If you haven’t logged into our Members Area to look at the charts from the weekend, please do so as it will really help you as a trader. We gave a detailed outlook on the near-term and long-term outlook for 2014 and these targets will help
Groupon (GRPN) Beats but Lowers Guidance/ Profit Alert (HRB)!!!
1:30pm (EST) Shares of Groupon (GRPN, $8.23, down $2.05) are down 20% today following the company’s earnings announcement after Thursday’s close. Groupon reported 4Q earnings of $0.04 a share on revenue of $768 million. The suit-and-ties were looking for 2 pennies a share on sales of $718 million. We had
Garmin (GRMN) Surges to New Highs
1:25pm (EST) We mentioned there were nearly 50 charts we looked at and dissected for possible earnings trades this week and we were able to navigate the list down to 25 by Monday’s open. We did extended chart work on nearly a dozen stocks and one of the ones we
Momentum Options Midday Update for 2/14/2014
Bulls Pushing Green Ahead of 3-Day Weekend/ Special Promotion 1:55pm (EST) We mentioned we would cover strangle option trades in more detail today as we have profiled a number of high double and triple-digit winners over the past several weeks. The Earnings Section in our Weekly Wrap profiles a bevy of
MomentumOptionsTrading.com Weekly Wrap New Trade!!! / Profit Alert (KKD) for 12/17/13
12:45pm (EST) We have a special situation brewing on one of our favorite stocks to trade. In September, a LEAP option trade made our subscribers 213% in a little over a month. We like the risk/ reward and we are suggesting new positions at current levels on a stock we
Another Push to Resistance/ New Trade!!!
11:45am (EST) The bulls are making another push higher and are once again pushing the first waves of resistance but as we have seen lately, it’s the close that matters. There has been some geopolitical rhetoric this morning as the President is over in Switzerland trying to convince the world
Bulls Take a Breather
1:15pm (EST) The major indexes have traded in a tight range following yesterday’s push to new all-time highs. There are a number of factors in play that are balancing things out as the Financials are showing a little strength while the Transports have taken a hit. JPMorgan Chase (JPM, $55.30,
Choppy Action Could Lead to Mixed or Higher Close
12:15pm (EST) The bulls and bears are dancing in the ring today instead of throwing punches as the market has traded in a tight range. Futures were slightly lower ahead of the open despite better-than-expected unemployment numbers but today’s consolidation of the recent gains is bullish as long as support
Bulls Get Hat Trick on another Strong Tuesday
9:00am (EST) The Dow stretched its Tuesday winning streak to 15 as the bulls won their third-straight session while pushing resistance and the top of the current trading range. The gains on Tuesday’s have accounted for 70% of the blue-chips advance this year but yesterday’s pop was nearly wiped out