1:10pm (EST) Folks, there is more action in our Members Area than a poker table on payday. Trading is choppy today as the Dow has darted in and out of positive territory. We are currently at 10,437, down 34 points. The S&P 500 is at 1,107, down 2 points, butRead more
Gold $5,000?
NEW OPTION TRADES
12:00pm (EST) Current subscribers, please check the Members Area or your email for two new trades today. We will be back at 1pm with our regular update. These trades are listed in the Members Area NOW… ]]>
MomentumOptionsTrading.com Morning Update for 12/02/09
It’s as if the Dubai news never happened… The market picked up more momentum on Tuesday, as the Dow added 126 points to close at 10,471. We mentioned in the Weekly Wrap there was evidence of “baby bulls” when we were talking about Friday’s market correction… “The Dow was pressured right from theRead more
Gold Hits All-Time High
1:00pm (EST) The bulls have pushed the Dow to another triple-digit gain and gold has hit an all-time high of 1,044 today. Stocks are seeing their biggest gains in over two months as Gold and Energy stocks are zooming. Halfway through the trading session, the Dow is up 140 at 9,740. The S&PRead more
Weekly Wrap for 5/17/09
1. Commentary 2. Power Stock Trading Strategies 3. Covered Calls 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Well, we knew it was coming. After a two-month rally, we saw some major profit taking last week. The Nasdaq which had been up nineRead more
Wednesday's Wake-Up Call
9:15am (EST) Here is a quick rundown of what we have going on: Barrick Gold (ABX, $35.10, up $1.46) May 30 calls (ABXEF, $5.10, up $1.40) Entry Price: $1.35 (4/21/09) Exit Price: $5.00 (5/12/09) Return: 270% We started closing out positions yesterday and most of you should have gotten atRead more
Barrick Gold Takes Flight
Tuesday's Tidbits
9:00am (EST) Futures are actually positive this morning as I prepare this post for Tuesday’s Tidbits (my time is 1:30am now…). Pretty amazing since we got a 300-point drop on the Dow yesterday. A few updates. Amazon.com (AMZN, $77.57, down $0.48) dipped to a low of $76.83 on Monday andRead more