Posts Tagged ‘Bank of America’

Bulls Push Market Higher, Nvidia Trade, Close BofA August Call Options

1:10pm (EST) The Dow has come off its high of 9,288 and is currently up 83 to 9,255. After such a strong open we are seeing a slight pullback which will help us determine just how serious the bulls are this week. The S&P 500 briefly touched 1,000 and isRead more

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Market Opens Higher

10:15am (EST) I wanted to see how we opened this morning before posting so I could get a feel for how things may play out today. The Dow is currently up 13 points to 9,167. The bulls will be taking aim on S&P 500 1,000 and right now the indexRead more

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Trade Updates

11:15pm (EST) Ford (F, $7.39, up $0.27) December 6 calls (FLI, $1.85, up $0.20) Entry Price: $1.25 (5/18/09) Exit Price: $2.50 Return: 48% Stop: $1.45 December 7 calls (FLJ, $1.20, up $0.13) Entry Price: $1.00 (5/18/09) Exit Price: $1.50-$2.00 Return: 20% Stop: 75 cents, raise to $1.00 Action: Another newRead more

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Fireworks After The Bell

1:00pm (EST) The bulls seem to be on vacation this week and the ones left behind are trying to hold Dow 9,000.  The market is holding up well despite the lack of momentum which is a good sign.  There are still political and economic risks to this market and I mentionedRead more

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Wednesday’s Wake-Up Call

9:00am (EST)   Futures are pointing towards a negative open after Durable Goods orders came in lower than expected.  Dow futures are down 38, S&P 500 index futures were down 6, while Nasdaq futures were down 7.    I mentioned the bulls were trying to hold Dow 9,000 and with earningsRead more

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Updated Trade Format

I have taken your requests and have tweaked how I’m going to profile the trades we are currently following and for the new ones down the road.  I use to do it this way in the Weekly Wrap but have added a few features.  As always, keep the comments andRead more

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Monday Morning Playbook – Cisco Gets Upgrade

10:30am (EST) We have a tiger by the tail… The Dow is currently up 75 points to 8819 while the Nasdaq is up 17 to 1903. The S&P 500 is over 947…yes, the bulls are back in town and they are having a party. The Tech sector is getting aRead more

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Another One Bites the Dust?

10:00am (EST) I was jamming to Queen’s classic hit song on my iPod last night and started wondering if Wall Street was doing the same for another company that might be taking a tombstone in the corporate graveyard.  The New York Stock Exchange (NYSE) halted shares in CIT Group (CIT,Read more

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Early Bird Special, Thursday’s Outlook – Sunny?

8:00am (EST)   Two words for today.  IBM (IBM, $107.22) and Google (GOOG, $438.17).  But before we get to that I’m going to take you through the woods.   Being an option trader is THE best job in the world folks and I got interested in the stock market whenRead 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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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.