Posts Tagged ‘option trading picks’

Bears Push Support, Market Teetering

9:00am (EST) The bears did some technical damage yesterday as near-term support faded following a 1% drop in the major indexes.  The bulls held the second wave of support but the action was bearish and today’s session could be crucial on who has the upper-hand heading into next week’s UncleRead more

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China's Curveball Rocks Market, Bank Of America (BAC) Tanks Again

9:00am (EST) The bulls got their first scare for October after China dropped a bomb on Wall Street yesterday with an interest-rate hike, their first such tightening in 3 years.  There were a number of “better-than-expected” earnings reports but there were a few clunkers which also weighed on stocks as the major indexes experienced theirRead more

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Apple (AAPL), IBM Can't Satisfy Wall Street

8:50am (EST) You can’t always get what you want… The bulls finally got some good news from the Financial sector as Bank stocks helped push the market higher on Monday.  We talked about Citigroup’s (C, $4.17, up $0.22) numbers yesterday as the company reported a better-than-expected quarter and also said itRead more

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Bulls Feeling Good

12:00pm (EST) The market is powering its way higher as the bulls push the upper limits of the current 4-month long trading range.  We went over a lot of the technical levels last night in our Weekly Wrap and we will go over them again before we end this updateRead more

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Gold $5,000?

1:10pm (EST) Folks, there is more action in our Members Area than a poker table on payday.  Trading is choppy today as the Dow has darted in and out of positive territory.  We are currently at 10,437, down 34 points.  The S&P 500 is at 1,107, down 2 points, butRead more

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NEW OPTION TRADES

12:00pm (EST) Current subscribers, please check the Members Area or your email for two new trades today.  We will be back at 1pm with our regular update.  These trades are listed in the Members Area NOW…  ]]>

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MomentumOptionsTrading.com Morning Update for 12/02/09

It’s as if the Dubai news never happened… The market picked up more momentum on Tuesday, as the Dow added 126 points to close at 10,471.  We mentioned in the Weekly Wrap there was evidence of “baby bulls” when we were talking about Friday’s market correction… “The Dow was pressured right from theRead more

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Gold Tops $1,200

1:10pm (EST) The bulls have pushed the market back to pre-Thanksgiving highs as the Dow is enjoying a 118 point gain and now stands at 10,463.  The S&P 500 is back over 1,100 and is up 12 to 1,108 while the Nasdaq is up 31 points to 2,175. We got a coupleRead more

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Market Looking At A Higher Open

9:10am (EST) The market managed to end the month of November with a slight gain as the Dow added 35 points yesterday and finished at 10,344.  The Dow and the S&P 500 rose more than 5% in November, their biggest monthly gain since July. The S&P 500 closed at 1,095, up 4Read more

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Dendreon Rumors Making Rounds Again

1:00pm (EST) It’s been another battle today as both bulls and bears struggle to gain momentum.  The Dow opened with a slight loss and traded to a low of 10,273 before bouncing back and touching a high of 10,364.  As Wall Street gets ready for the 2nd half of today’sRead 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.