Posts Tagged ‘Gold’

Futures Pointing Towards Lower Open

8:45am (EST) The bulls tried to challenge current resistance levels but failed once again to break through for the third straight session as the market ended slightly lower on Wednesday.  There was no economic news to trade on and Wall Street seemed to ponder what the Fed’s announcement late Tuesday would meanRead more

More

Friday’s Tidbits; Jailbreak Next Week?

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

More

MomentumOptionsTrading.com Weekly Wrap for 5/31/10

1:00pm (EST) Sell in May and go away… Those words were worth their weight in gold (pun intended) as the market ended the month of May with its worst performance in 70 years.  After a yearlong rally, the bulls were finally challenged by the bears who may have been resting forRead more

More

Gold Breaks Four Figures

9:10am (EST) Gold has toped the $1,000 an ounce level this morning as it is up $11 to $1,007.  Futures are pointing towards a big open.  Dow futures are up 80 to 9,497, S&P 500 futures are up 10 to 1,024 while Nasdaq 100 futures are up 14 to 1,650. Oil isRead more

More

Weekly Wrap for 2/22/09

1. Commentary 2. Gold and Platinum 3. Trading Bank of America 4. 2008/ 2009 Portfolios 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary If 666 is the number of the beast, it must be that of a bear because it roared its ugly head at the market.Read more

More

Weekly Wrap for 2/16/09

1. Commentary 2. Oil and Gold 3. Options Education 4. Credit Spreads 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary The market was under tremendous pressure last week and as the saying goes, pressure bursts pipes. Wall Street took a back seat to Washington as the stimulusRead more

More

Spider Gold Shares Rally

Spider Gold Shares (GLD, $93.21, up $3.00) are finally rallying after a couple of weeks of doing nothing. Gold started to rally yesterday when the bank stocks started to fall and is up $30 today to $945 an ounce, a seven-month high. Gold bulls are buying the metal amid doubtsRead more

More

Weekly Wrap for 2/1/09

1. Commentary 2. Month-end Review 3. Opening and Managing a Trading Account 4. Using Option Straddles 5. Current Trades 6. Earnings 7. Closing Thoughts ************************************************** 1. Commentary The market suffered its fourth straight losing week but the losses were kept to less than 1%. The Dow got off to aRead more

More

Morgan Stanley Too Good to Pass Up?

Morgan Stanley (MS, $18.10, down $10.60) is down $4+ from its opening price of $22.83 and $5 since my earlier blog. The opening price was nearly $6 lower from where the stock closed Tuesday. We are talking about a 35% drop in for a company that smashed Wall Street’s exceptations.Read more

More

Market Fails to Hold Tremendous Gains

The market opened with a bang on Tuesday as Wall Street got excited that Hurricane Gustav did not cause any significant damage or oil-supply disruptions over the holiday weekend. However, by the end of the day the Dow gave up a 250-point gain and ended the session down 26 toRead more

More

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.