Momentum Trades

Posts Tagged ‘BBY’

January 16, 2014

Best Buy (BBY) Crumbles on Weak Sales, Options Zoom 1,300%

by mome2143 / Posted in Company Commentary, Daily Update, Sectors, Earnings

1:35pm (EST) Shares of Best Buy (BBY, $27.20, down $10.37) are down 28% today after the company posted weaker-than-expected holiday sales. There have been a number of analyst upgrades on the rocket ride from a 52-week low of $13-and change to a 52-week peak north of $44 but they areRead more

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May 22, 2012

Market Edges Higher

by Rick Rouse / Posted in Daily Update, Earnings

1:05pm (EST) The bulls are working on a 2-session win streak as they look to push the next layer of resistance.  After a solid start the major averages have come off their highs but are still showing solid gains.  While overseas news has been light, we did notice Fitch’s downgradeRead more

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March 28, 2012

Market Pulls Back

by Rick Rouse / Posted in Daily Update, Earnings

2:00pm (EST) Futures were up when the European markets opened for trading this morning and were advancing as we headed towards the opening bell here at home.  However, the early momentum was halted before Wall Street’s gates opened after Durable Goods Orders for February disappointed.   DGO’s rose 2.2% but wereRead more

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December 13, 2011

Best Buy (BBY) Misses, IPO’s Market Heats Up

by Rick Rouse / Posted in IPOs, Market Analysis, Daily Update, Earnings

1:40pm (EST) The bulls are trying to power ahead following Monday’s pullback and got off to a good start despite more shaky comments from across the pond.  Today’s rhetoric comes from German Chancellor, Angela Merkel, who said he was opposed to increasing the size of Europe’s bailout fund.  The currentRead more

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September 13, 2011

Best Buy is Not a “Buy”

by Rick Rouse / Posted in Earnings, Market Analysis, Market Commentary, Daily Update

1:00pm (EST) Futures were pointing to a lower start this morning amid ongoing concerns about Greece and Italy but started to improve as we headed towards the opening bell.  The market opened flat for the most part and drifted lower, before recovering and turning positive.  Although the major indexes areRead more

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June 14, 2011

Market Holds Strong Gains

by Rick Rouse / Posted in Daily Update, Earnings, Market Commentary

12:35pm (EST) The bulls are making some headway as futures were pointing towards a strong open this morning which has carried over into today’s session.  Most of the gains were made at the open and have held but the important question will be if they hold into the close.  ThereRead more

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June 14, 2011

Bull Stampede Coming at the Open

by Rick Rouse / Posted in Daily Update, Trade Update, Market Analysis, Strategies

9:00am (EST) We didn’t expect much from Monday’s action as economic news was light and earnings are winding down to a trickle ahead of July’s big 2Q announcements.  As such, the market ended flat for the session but we expect the action will pick up starting this morning as we have a numberRead more

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September 14, 2010

Bulls Going For Five-In-A-Row

by Rick Rouse / Posted in Daily Update, Earnings, Market Analysis

12:40pm (EST) After a rough start, the bulls have powered their way higher as the market continues to push towards the top end of its ranges.  There are few economic reports worth mentioning and earnings are coming into play on a few stocks which have helped provide support as theRead more

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July 30, 2010

Friday’s Tidbits; Jailbreak Next Week?

by Rick Rouse / Posted in Weekly Wrap RR, Trading Tips, Daily Update, Company Commentary, Trading Psychology, Watch Lists

1:00pm (EST) We have a lot to talk about today so we are going to throw the kitchen sink at you… The market is once again choppy as a both the bulls and bears try to gain leverage ahead of the weekend and before Monday’s opening bell.  The bears startedRead more

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July 28, 2010

Is Best Buy (BBY) A Buy?

by Rick Rouse / Posted in Market Commentary, Daily Update, Market Analysis, Company Commentary

9:05am (EST) The market did nothing on Tuesday as the bulls tried to penetrate resistance while the bears were looking to hold ground.  The bulls led the way at the open but sour economic news gave the bears some leverage.  However, both sides seem tentative at these levels which isRead more

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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.

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