Posts Tagged ‘options picks’

All Systems Go

12:45pm (EST) Futures were pointing towards a strong open and we knew when we were typing this morning’s update the bulls would be “good to go”.  We have been waiting for months to break out of a trading range from hell and we said once we did we should seeRead more

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Palm (PALM) Drops The Ball

9:10am (EST)  The market ended mixed on Thursday despite a number of fantastic earnings reports and an upbeat round of economic data.  The bulls took 2-out-of-3 from the bears after the latest jobless report revealed that initial claims for unemployment benefits fell by 5,000 last week.  It was the third consecutive decline inRead more

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Market Lower After 2-day Rally

1:00pm (EST) The bulls are taking a breather following the 2-day rally that has seen the Dow run-up 250 points.  The index hit a high of 9,793 on Tuesday but is currently down 41 points to 9,689.  Still, the momentum the bulls are showing points towards Dow 10,000 in theRead more

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Costco Beats Estimates

9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the first Dow stock to announce.  We have some other notable names reporting earnings as well but their fiscal year is just ending and they are reporting 4Q earnings. For instanceRead more

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Gold Hits All-Time High

1:00pm (EST) The bulls have pushed the Dow to another triple-digit gain and gold has hit an all-time high of 1,044 today.  Stocks are seeing their biggest gains in over two months as Gold and Energy stocks are zooming.  Halfway through the trading session, the Dow is up 140 at 9,740. The S&PRead more

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Hit Me With Your Best Shot

10:40am (EST) Fire away, hey-hey… The bulls invited the bears into the ring and immediately took the bears best shot.  The unemployment report came in as expected, 9.8%, but the job loss of 263,000 was way more than the 180,000 Wall Street had expected. I told you this morning IRead more

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Futures Pointing Towards A Lower Open

9:00am (EST) The bulls and bears are having a battle this week and the action has been intense.  On Wednesday, heavy punches were thrown and by the end of the day, the bears had made it 2-to1 for the week. On Monday, the Dow rallied 124 points, Tuesday the Dow fell 47 afterRead more

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Nike Call Options Up 200%

1:15pm (EST) The market was off to a good start until the Chicago PMI number hit Wall Street. Economists were expecting a reading of 52 for September and we got 46, down from 50 in August. The Dow had been up over 20 points to 9,764 but quickly fell to a lowRead more

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MomentumOptionsTrading Mid-Day Update For 9/28/09

12:30 pm (EST) The bulls are in charge today as they have taken a number of positive developments to move the market higher.  Mergers and acquisitions are the rave today as Abbott (ABT, $49.00, up $1.67) announced that it will acquire Solvay’s pharmaceuticals business for $6.6 billion ($4.5 billion euro) in cash. XeroxRead more

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Market Lower Heading Into The Weekend

1:00pm (EST) The market is struggling for direction as we head towards the closing bell.  Unless we get a major turnaround, it looks as though the bears are going to take this week’s round.  The Dow started the week at 9,820 and is down about 170 points, including today’s currentRead 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.