Momentum Trades

Posts Tagged ‘option trading’

July 14, 2011

Ratings Agencies Holding Bulls Back

by Rick Rouse / Posted in Daily Update, Market Analysis, Market Commentary

9:00am (EST) The bulls got a pair of Aces yesterday and appeared to have a set hand as futures were pointing towards a strong start.  Their first Ace was China which reported a stronger-than-expected GDP number then a second Ace when Bernanke said the Fed still has bullets left inRead more

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July 13, 2011

Moody’s (MCO) Strikes Again

by Rick Rouse / Posted in Market Commentary, Daily Update, VIX, Company Commentary

8:50am (EST) The bulls were trying hard to stop the bears recent momentum and they appeared ready to end their losing streak after holding camp for much of the day.  However, the bears made it 3-in-a-row by winning Tuesday’s session after a late round of afternoon selling pressure pushed the market lowerRead more

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July 12, 2011

Bears Going for Hat Trick

by Rick Rouse / Posted in Market Analysis, Market Commentary, Daily Update

9:00am (EST) The bears won their second straight session on Monday after walloping the bulls for a 2% loss, on average, as the major averages fell back towards key support levels.  There was no green to be found and yesterday’s action sounded like a full blown correction if you wereRead more

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July 11, 2011

Italy Gets Booted Around, Alcoa (AA) on Deck

by Rick Rouse / Posted in Daily Update, Earnings, Market Analysis, Market Commentary

12:45pm (EST) Futures were pointing towards a significantly lower open this morning as the market seems focused on Europe’s debt issues, this time Italy, instead of the start of 2Q earnings.  Not that there is much to get excited about after the close as Alcoa (AA, $15.99, down $0.40) getsRead more

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July 11, 2011

Second Quarter Earnings Take Center Stage

by Rick Rouse / Posted in Market Commentary, Daily Update, Market Analysis

8:45am (EST) Despite a hectic Friday, the bulls were able to hold onto their weekly gains as they recouped half of the losses off the lows and held key support levels in the process.  It was short week following Monday’s holiday but the economic news was flowing as the marketRead more

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July 8, 2011

Unemployment Hits 9.2%

by Rick Rouse / Posted in Daily Update, Market Analysis, Market Commentary

9:00am (EST) The numbers from Thursday won’t matter much this morning but let’s go over them anyway. The Dow added 93 points, or 0.7%, to finish at 12,719.  The index traded up to 12,753 and the next area of resistance is at 12,800 which, if cleared, could get 13,000 intoRead more

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July 7, 2011

Bulls Push Resistance, Breakthrough Coming?

by Rick Rouse / Posted in Daily Update, Market Analysis, Market Commentary

 1:00pm (EST) The market is rallying today on better-than-expected economic news and ahead of Friday’s key June jobs report.  Futures were pointing towards a strong open after the Automatic Data Processing (ADP) showed June jobs in the U.S. private-sector rose by 157,000 last month.  The gain was well above theRead more

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July 7, 2011

Coffee Stocks Continue to Rock

by Rick Rouse / Posted in Daily Update

9:00am (EST) The bulls returned to their winning ways on Wednesday by pushing the major averages higher for the sixth time in seven sessions.  The market once again traded in a tight range over Europe’s debt concerns but found some strength once their markets closed.  Although the indexes finished slightlyRead more

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July 6, 2011

Market Powers Higher Despite Headwinds

by Rick Rouse / Posted in Daily Update, Market Analysis, Economic News

1:35pm (EST) The bulls are looking to get back on track after a slow start and seem to have found their groove over the last few hours.  The market spent much of the morning in negative territory following an interest rate increase in China (its third of the year) andRead more

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July 6, 2011

Global Concerns Keeping Bulls in Check

by Rick Rouse / Posted in Market Analysis, Market Commentary, Daily Update

9:00am (EST) The market traded in a tight range on Monday before ending mixed with Tech showing strength while the Financial stocks took a step back following last week’s rebound.  There were some lingering concerns over Greece which we mentioned but Moody’s (MCO, $38.87, down $0.14) decided to go backRead 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.

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