Posts Tagged ‘Wall Street’

March Madness Ready to Begin

9:00am (EST) “If we do clear our “fluff” targets, the market could setup something like this.  For the next 2 weeks we get a run past and up to our fluff targets then the market pulls back into April which is when 1Q earnings season starts.  By then, companies willRead more

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July Highs Within Reach

9:00am (EST) We love the holidays and it was refreshing to have “some” time off but we told you we like to work the week of Christmas and New Year’s because Wall Street traders get lazy and think they deserve a vacation.  We have no problem with that because weRead more

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Market Back In Black

12:50pm (EST) The Dow opened in negative territory and was down a little over 50 points to a low of 10,339 before the bulls stepped in and started buying.  It was an inevitable sign that the Fed was going to raise the discount rates rates but cooler heads have prevailedRead more

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E*Trade On The Block

9:10am(EST) Futures are mixed as we head towards the opening bell this morning.  Dow futures are lower by 20, S&P 500 futures are off by 2 while the Nasdaq futures are up 4 points. There was plenty of action in E*Trade Financial (ETFC, $1.84, up $0.11) last Friday as over 60Read more

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MomentumOptionsTrading.com Weekly Wrap for 1/18/10

8:00pm (EST) It was a tough Friday for the bulls as the market suffered its worst decline for 2010 despite some solid earnings reports.   The Dow fell 100 points for the day, erasing all of its gains for the week to close at 10,609.  The index reached a high ofRead more

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Intel Crushes Earnings Estimates

9:00am (EST) Intel (INTC, $21.48, up $0.52) blew past Wall Street’s forecast after the bell yesterday and reported some impressive numbers. The company said it earned a profit of $2.3 billion, or $0.40/ share versus $234 million, or $0.04, in the year earlier period.  Revenue climbed nearly 30% to $10.6 billionRead more

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Intel on Deck

1:45pm (EST) All eyes will be on Intel (INTC, $21.30, up $0.34) after the bell.  Wall Street expects $0.30 a share and revenue is expected to rise to $10.2 billion from $8.2 billion last year.  Economic News…For retail sales, Wall Street was expecting an increase of 0.5%, weaker than November’s 1.3% increase.  We came in worse thanRead more

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Google Makes A Stand

9:10am (EST) We told you the volatility pick up… The market was setting up for a steep decline yesterday but managed to bounce back in the last couple of hours after bullish traders stepped in and bought off the lows. This is options expiration week and the kick-off of earnings season so weRead more

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Market Retesting Lows

1:05pm (EST) The market is testing the lows we got this morning after trying to battle back from a nasty open.  The Dow started with a 72 point loss and fell to a low of 10,591, then recovered most of the losses but is currently down 65 to 11,598. The S&P 500 is offRead more

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Alcoa Misses Mark, Shares Tank

9:10am (EST) Futures are pointing towards a nasty open this morning after Alcoa (AA, $16.15, down $1.30) disappointed Wall Street with its earnings report.  After the bell on Monday, the company reported a $277 million loss for its most recent quarter, or $0.28 a share, compared with a profit of 6 cents a shareRead 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.