Momentum Trades

Posts Tagged ‘option trading’

November 30, 2011

Bulls Weather Storm

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

9:00am (EST) The market ended mixed on Tuesday although the bulls “unofficially” won the session by taking 2-out-of-3.  We went into yesterday’s session hoping to at least hold Monday’s huge gains and that mission was accomplished.  We also wanted to see a test past resistance which also got a checkRead more

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November 23, 2011

Make it a Six-Pack

by Rick Rouse / Posted in Daily Update

2:05pm (EST) We knew another test to lower support levels was inevitable today as futures were pointing towards a nasty open before Europe’s markets even opened.  The game of chicken to solve the eurozone’s debt crisis heightened after Germany and China exposed some more problems.  China’s manufacturing numbers came upRead more

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November 15, 2011

Market Slips to Start the Week, Futures Lower

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

9:00am (EST) The bulls were faced with headline risk over the weekend coming into Monday’s session but all the news seemed pretty good.  Italy was able to approve key austerity measures over the weekend and announced European Commissioner Mario Monti would now run the show.  Meanwhile, Prime Minister Lucas PapademosRead more

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November 10, 2011

Cisco Systems (CSCO) Turning the Corner

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

12:55pm (EST) Futures were pointing towards a nice pop at the open as some of the Tech names reported better-than-expected earnings while jobless claims came in under 400,000 again.  However, despite the strong start, the momentum has failed to hold as the indexes gave back all of their gains withRead more

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November 10, 2011

Markets Gets Whacked for 3%

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

9:00am (EST) We should have known Tuesday’s push to resistance wasn’t going to be smooth sailing as we expected some kind of back test before a breakthrough rally, but wow, not 3.5%.  The good news is that we penciled-in a test back to support, which held, so there was noRead more

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November 9, 2011

Bears Battle Back but Bulls Hold Support

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

12:40pm (EST) It looks as though the bulls will need to send more troops. Following yesterday’s run to the top of resistance, the bulls ran into an ambush this morning as the bears wasted no time in pushing them back.  Much of the focus has been on Italy as theRead more

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November 8, 2011

Priceline.com (PCLN) Beats Expectations, Again

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

9:00am (EST) We said it looked as though the bulls would battle back in the second half on Monday and shortly after our midday update, the comeback began.  The bears were riding the back of Italy worries but the resilience of the bulls has been evident since last Tuesday’s bounceRead more

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November 7, 2011

Bulls Looking to Get Back on Track

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

9:00am  We came into the week thinking the bulls would have the upper hand as we were betting on a few heavy-hitters in Tech to beat earnings estimates and better-than expected economic news to carry them to another weekly win.  What we didn’t expect was the heightened drama Greece wouldRead more

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November 2, 2011

Bulls Hope Big Ben Says Something Good

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

12:55pm (EST) After two days of steep declines, the bulls are trying to get back on track and are doing a good job today as they push the market towards prior resistance.  The Fed just released its FOMC rate decision and their accompanying statement remained the same as very littleRead more

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November 1, 2011

Bulls Blue after Red Monday

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

9:10am (EST) The bears waited until the last day of October to put a little scare in the bulls as they were able to push the market lower by 2%.  Monday’s drubbing was the worst session in a month but the bulls didn’t seem to care as they ended October with double-digit gains.Read 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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