Posts Tagged ‘Dow Jones Industrial Average Index’

NewsFlash: First Solar Gets Whacked in After-Hours

I mentioned in the Weekly Wrap on Sunday night that I was watching First Solar (FSLR, $137.68, up $12.84) as a possible trade. I watched the March 150 calls (HJQCJ, $7.40, up $2.50) open at $5.20 and I wanted to jump on them if they got below $5 but theirRead more

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Dow Falls 250

The Dow took another step closer to falling below 7,000 yesterday as bears took control of the market shortly after the opening bell. The market started off in positive territory following word the government may help Citigroup (C, $2.14, up $0.09) but the rally was short-lived. The Dow dropped 250Read more

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General Electric Hitting New Lows

General Electric (GE, $8.90, down $0.48) continues to set new 52-week lows after falling below $10 last week. Wow. It is really hard to believe this stock is in the single digits. The stock is getting so cheap to where it can be actually be traded but option traders areRead more

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Gold Hits $1,000

Gold has topped $1,000 an ounce this morning, rising $23.80, or 2.4%, to $1,000.30. The last time gold topped $1,000 was last March when the price reached a record $1,033.90 an ounce. Gold is up nearly 50% from its low of $681 in October and that $1,033 record appears likelyRead more

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Market Struggling to Stay Positive

The Dow started the morning off in positive territory and has been up and down ever since after waiting to hear details on how Obama’s $75 billion mortgage relief plan is going to work. The plan is designed to help stabilize the housing market and reduce foreclosures and comes onRead more

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Dow Testing November Lows

It was a nasty day for the market as the Dow tanked nearly 300 points to close at 7,552. The nearly 4% dropped puts the Dow in a stone’s throw of testing its November low of 7,400. The Nasdaq fell below 1,500 as it dropped 63 points, or 4.15%, toRead 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.