Posts Tagged ‘Potash’

Dow Nears 52-Week Highs

1:35pm (EST)  Lots of good happenings today, folks. We had a little trouble sleeping last night in anticipation of this morning’s nonfarm payrolls numbers.  Futures were up overnight by about 0.2% and we had a pretty good feeling this morning that the bulls would push the tippy-top of resistance.  The headlines forRead more

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Market Opens Higher

9:40am (EST) I waited a few minutes to see how we opened so I could give you an early read on our trades. Bank of America (BAC, $17.70, up $0.35), Citigroup (C, $4.89, up $0.07), Imax (IMAX, $9.72, up $0.02), Potash (POT, $97.40, up $1.13) and Sirius XM (SIRI, $0.73, upRead more

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Trade Updates

9:30pm (EST) I didn’t like the afternoon action today as the market came off its highs.  The futures are slightly lower as I head to press and we will have to watch the action closely this week.  With earnings season winding to a close, economic reports will take on moreRead more

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Futures Turn Negative After Jobless Claims/ POT Trade

9:15am (EST) The futures had been up this morning but have lost steam after a worse-than-expected weekly jobs report. The number of US workers filing new claims for jobless benefits rose 15,000 last week to 576,000. Wall Street had forecast new claims of 550,000 from the previously reported 558,000. AsRead more

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The Good, Bad, and Ugly

It was a brutal Monday for the market if you were a bull as all three major indexes took a beating.  The Nasdaq and S&P 500 fell 3% and the Dow dropped a little over 2%.  When I saw the futures take a turn for the worse , I knew we were in for a crummy day.  Read more

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Creating Watch Lists

9:00am (EST) In the past, I have talked about keeping Watch Lists and today I wanted to expand on this subject a little further. Most brokerage accounts or financial sites allow you to set up Watch Lists and they are used to help you keep track of stocks. They areRead more

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Why I Love Trading Options

Weekly Wrap for 3/22/09

1. Commentary 2. Take-Two Revisited 3. Is Dendreon Headed for Double Digits? 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary The market got off to a good start last week but struggled to hold onto gains by the end of a five-day workRead more

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Weekly Wrap for 3/15/09

1. Commentary 2. Intel Jumps 3. Triple Witching Friday 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary We got the bounce we were looking for. After testing its lows and being pushed to its limit, the market caught fire last week as theRead more

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Market Rebounds, Call Options Up

It was a good day for for the market and it was a great day for us. The Dow surged 380 points, or 5.8%, and closed at 6,926. If there were another hour of trading today the Dow probably would have hit 7,000. The Nasdaq soared 90 points, or 7%,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.