Category Archive for ‘Uncategorized’

Bulls Walking on Thin Ice

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Trade Updates

9:25am (EST)   Bank of America (BAC, $15.85, down $0.83)   November 17.50 calls (BYOKZ, $1.20, down $0.30)   Entry Price: $1.25 (8/10/09) Exit: $1.25 (8/11/09) Return: 0% Stop: CLOSED   November 20 calls (BYOKT, $0.56, down $0.14)       Entry Price: $0.50 (8/10/09) Exit: $0.57 (8/11/09) Return: 14% Stop: CLOSED   Action:  We closedRead more

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Bank of America Dips Then Rebounds

11:20am (EST) Sometimes you get in a zone and it feels like you know how a stock will trade like the back of your hand.  Bank of America (BAC, $16.83, up $0.41) is one such stock and here is what I said last night in the Trade Updates for BankRead more

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Futures Higher After Jobs Report

8:35am (EST) I posted a little early this morning as I was anxious to get the morning outlook as soon as the jobs report was released. Heading into the announcement this morning, market futures were lower. Ahead of the report, Dow futures were coming off their lows and were downRead more

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Wednesday’s Wake-Up Call

9:20am (EST) Note: We get the ISM number at 10am. Also, I’ll be back in a couple of hours with an update for the blog. I will be doing an 11am post and maybe a 1pm post. Ford (F, $8.30, down $0.03) December 6 calls (FLI, $2.60, down $0.08) EntryRead more

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IBM Call Options Double Heading Into Earnings

Intel (INTC, $18.05, up $1.22). Even better was the fact that the company also issued higher guidance for the third quarter. The news carried the entire Tech sector higher as it outpaced the other indexes by gaining 3.5%. The Nasdaq finished at 1,862, up 63 points for the day. TheRead more

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Wednesday Wake-Up Call

9:15am (EST) What a rough two days it has been. The Dow has dropped 300 points and it is funny how things can change in an instant. Yesterday, I talked about key support levels for all of the major indexes and as I was writing, it felt like Tuesday wasRead more

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GM, Merck, Exxon Mobil Halted

12:10pm (EST) Three servers went down on the NYSE and trading in Exxon Mobil (XOM, $73.50, down $0.55), General Electric (GE, $13.31, down $0.15) and Merck (MRK, $26.99, up $0.80) has temporarily been halted. In all, I’m hearing over 200 stocks have been affected by the communication problem between WallRead 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.