Posts Tagged ‘Exxon Mobil’

Market Flat at Halfway Point

12:45pm (EST)   The market is trading in a tight today as the Dow has drifted within a 35 point range.  Currently, the index is up 11 points to 10,531.  The Nasdaq and S&P 500 are also higher by 5 and 2 points, with the Nasdaq standing in at 2,290 whileRead more

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Futures Pointing Towards Lower Open

9:00am (EST) The bulls got some good news yesterday in the form of the Dubai $10 billion “bailout” package and the Dow’s advance could have been more if Exxon Mobil (XOM, $69.69, down $3.14) didn’t drop 4%.  The company said it would acquire XTO Energy (XTO, $47.86, up $6.37) for $30 billion or so andRead more

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Oil Continues to Surge

12:50pm (EST) Every now and then there comes a time where you just know how a stock reacts, what its support and resistance levels are, and if it is ready to resume an up or down trend.  Then, even after you had your alerts in place and a set limit price,Read more

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Dendreon Making Noise Again

12:40pm (EST) The market is moving higher today as the Dow now stands 100 points away from 10,000.  Currently, the index is up 37 to 9,901 and traded as high as 9,931 earlier this morning.  Trading has been fairly light due to the Columbus Day holiday and the bond markets are closed.  There are no majorRead more

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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

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GM, Merck, Exxon Mobil Halted

12:10pm (EST) Three servers went down on the NYSE and trading in Exxon Mobil (XOM, $73.50, down $0.55), General Electric (GE, $13.31, down $0.15) and Merck (MRK, $26.99, up $0.80) has temporarily been halted. In all, I’m hearing over 200 stocks have been affected by the communication problem between WallRead more

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Market Rebounds, Call Options Up

It was a good day for for the market and it was a great day for us. The Dow surged 380 points, or 5.8%, and closed at 6,926. If there were another hour of trading today the Dow probably would have hit 7,000. The Nasdaq soared 90 points, or 7%,Read more

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Start Half Positions In Exxon Mobil

The Dow is taking another blow as the index is down 191 points to 6,684. The S&P is off 23 to 689 and well below the 700 level the bulls were clinging to. Things look bad but we have been expecting this bottoming process. I told you the Dow wasRead more

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April Call Option Watch List

Here are a few call options I’m watching. I have listed the options from March but we will probably not do anymore trades with the March contracts. The market is in the process of making new lows or is bottoming here at these levels. I’m not sure how the restRead more

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Unemployment Report Weighs On Market

We knew it was going to be nasty and the release of this morning’s unemployment report is taking the Dow lower by 241 points to 8,134 a little over an hour into the trading session. The unemployment rate now stands at 6.7% but the fact that 533,000 jobs were lostRead 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.