Posts Tagged ‘Bank of America’

MomentumOptionsTrading.com Weekly Wrap for 7/18/10

Another Battle Begins 11:00pm (EST) Earnings season officially got underway last week and so far it favors the bears going forward.  There were a number of “surprises”, some good/ some bad, but the overall theme is companies are having no problems beating lowered expectations but they aren’t doing Jack with growingRead more

More

Bulls Look Lost As Bears Grab Momentum

9:00am (EST) The bears continued to pressure the bulls on Monday as a choppy session favored short-sellers into the close.  Selling pressure intensified in the final hour of trading as all three of the major indexes ended the day in negative territory. There wasn’t much economic news yesterday and we mentioned the weaknessRead more

More

Futures Up, Market Set to Open Higher

9:15am (EST) It what comes as no surprise, CIT Group (CIT, $0.72, down $0.23) made it official by filing for Chapter 11 bankruptcy protection on Sunday.  The news may not be a shock but really it should be.  CIT Group joins an ever growing list of once proud companies that have nowRead more

More

Are We There Yet?

12:40pm (EST) Is it me or does it feel like we are watching paint dry?  In what should have been an easy grand-slam today, the Dow is having trouble punching through that 10,000 point brick wall.  We got a strong pop and then lost some of the fizz shortly after the marketRead more

More

Intel Pushing Higher Ahead Of Earnings

1:00pm (EST) The bulls are trying to get the market higher today after starting off the session behind the 8-ball.  They are doing a pretty good job as they did get the market into positive territory but we have since slipped once again.  The Dow opened lower and traded toRead more

More

Futures Pointing Towards A Lower Open

9:00am (EST) The bulls and bears are having a battle this week and the action has been intense.  On Wednesday, heavy punches were thrown and by the end of the day, the bears had made it 2-to1 for the week. On Monday, the Dow rallied 124 points, Tuesday the Dow fell 47 afterRead more

More

Momentum Options Going Live September 1st / Trade Updates

11:30pm (EST)   Folks, we are planning to launch our new option picks service by September 1st.  There will be more details coming soon.  We may limit the number of subscribers if the initial launch is oversubscribed.  We may do this because we don’t want our option trades to becomeRead more

More

Market Opens Higher

9:40am (EST) I waited a few minutes to see how we opened so I could give you an early read on our trades. Bank of America (BAC, $17.70, up $0.35), Citigroup (C, $4.89, up $0.07), Imax (IMAX, $9.72, up $0.02), Potash (POT, $97.40, up $1.13) and Sirius XM (SIRI, $0.73, upRead more

More

Trade Updates

9:30pm (EST) I didn’t like the afternoon action today as the market came off its highs.  The futures are slightly lower as I head to press and we will have to watch the action closely this week.  With earnings season winding to a close, economic reports will take on moreRead more

More

Weekly Wrap for 8/23/09

11:30pm (EST) 1. Commentary 2. Checking in on the VIX  3. Baltic Dry Index Continues To Tank 4. Earnings 5. Current Trades 6. Closing Thoughts ************************************************* 1. Commentary The bears started the week as if they were serious but the bulls made it clear they weren’t going anywhere last weekRead more

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.