Posts Tagged ‘General Motors’

Bulls “Rock On”

12:10pm (EST) It has been a big day on Wall Street as General Motors (GM, $35.35, up $2.35) and some great economic news have revved up the bulls’ engines.  The market has powered its way back towards its April highs and is up 1.7%, on average, as the major indexesRead more

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General Motors Turns A Profit

9:05am (EST) The bulls got off the mat on the 9 count after a barrage of punches thrown by the bears had them reeling on Monday.  However, they were able to win the round as all three of the major indexes finished in the green as the Euro bounced offRead more

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Tuesday’s Tidbits

9:10am (EST) The market got off to a strong start on Monday and the bulls are looking to follow-up on that momentum this morning.  The Dow rallied 79 points to finish at 10,403, as 26 of its 30 components finished higher.  It was only the second time since January thatRead more

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Market Rebounds After Starting Lower

10:00pm (EST) The bulls are back in town. Well, they never left really. The bears came up swinging Monday after being bullied around last week and were off to a good start. However, today’s round actually went to the bulls as the Dow finished with a slight gain (1 point)Read more

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Weekly Wrap for 5/31/09

1. Commentary 2. Oil Surges in May 3. General Motors Put Options 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Another week, another win for the bulls. Although we have been stuck in a trading range, the bulls carried the market higher onceRead more

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More on General Motors – Update at 1:30pm

1:30pm (EST) Just wanted to add something to the blog below. The GM June 1 puts (GMVR, $0.61, up $0.07) have traded nearly 100,000 contracts as open interest has swelled to over 425,000 contracts. The put options opened at 57 cents today. The action is amazing and it remains toRead more

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GM Bankruptcy Immenent/ Market Opens Higher

9:50am (EST) The Commerce Department’s reported first-quarter gross domestic product showed the economy contracted by 5.7% which was an improvement over the fourth-quarter’s decline of 6.3% As a result, futures we strong all morning as the Dow Jones futures were up 41 points before the bell, while the Nasdaq futuresRead more

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Weekly Wrap for 4/5/09

Futures Pointing Towards Lower Open

The Dow futures are down 174 points which means we are headed towards a sharply lower open. News that General Motors (GM, $3.62, up $0.21) may be headed for bankruptcy is weighing heavily on the market. The stock has a bid of $2.87 which is looking like a 30% haircutRead more

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Weekly Wrap for 3/8/09

1. Commentary 2. Bounce or No Bounce? 3. Apollo Group Heads Lower 4. Earnings 5. Current Trades 6. Monday Morning Playbook (Take-Two) 7. Closing Thoughts ************************************************** 1. Commentary The market took another pounding for the week as all three indexes lost between 6%-7%. There was a flurry of expected andRead 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.