Wells Fargo (WFC) Earnings in Focus/ Promotional Discount
Wells Fargo (WFC) Earnings in Focus/ Promotional Discount 8:00am (EST) Special Notice: Please take advantage of our discount offer and […]
Wells Fargo (WFC) Earnings in Focus/ Promotional Discount 8:00am (EST) Special Notice: Please take advantage of our discount offer and […]
MomentumOptions.com Pre-Market Update for 1/9/2017 Small-Caps Slack 8:00am (EST) The bulls started 2017 with the way they closed out 2016
MomentumOptions.com Mid-Market Update for 1/6/2017 Record Highs Back in Play/ New Trades (GDOT, S) 1:25pm (EST) Although futures were slightly
MomentumOptions.com Pre-Market Update for 1/6/2017 Tech Shines on Slight Pullback 8:00am (EST) The market finished mixed on Thursday with Tech
MomentumOptions.com Mid-Market Update for 1/5/2017 Twillio (TWLO) Shares Stay Volatile/ Profit Alert (SNE) 2:30pm (EST) Shares of Twillio (TWLO, $27.99,
MomentumOptions.com Pre-Market Update for 1/5/2017 Ho, Ho, Ho, Bulls Make it Two-in-a-Row 8:00am (EST) The Santa Rally is now official
Twillio (TWLO) Shares Stay Volatile/ Profit Alert (SNE) 2:30pm (EST) Shares of Twillio (TWLO, $27.99, up $0.48) continue to
MomentumOptions.com Mid-Market Update for 1/4/2017 4Q Earnings Around the Corner 2:25pm (EST) The start of 4Q earnings season gets underway
MomentumOptions.com Pre-Market Update for 1/4/2017 VIX Closes Back Below 13.50 8:00am (EST) The bulls checked-off a few boxes on Tuesday
MomentumOptions.com Mid-Market Update for 1/3/2017 Resistance Back in Play/ New Trade (TSEM) 1:35pm (EST) The last trading day of the
Bulls Continue 8-Year Run 8:00am (EST) The bears ruined the ringing in of the New Year with a Friday win
MomentumOptions.com Mid-Market Update for 12/30/2016 Bears Crack Trading Range/ Trade Alerts (CVS, VIAV) 3:30pm (EST) I often mention how trading
MomentumOptions.com Pre-Market Update for 12/30/2016 Small-Caps Edge Higher 8:00am (EST) The bears got their second-straight win although the damage done
MomentumOptions.com Mid-Market Update for 12/29/2016 VIX Pushes Upper Resistance 1:20pm (EST) The bulls are trying to regain momentum following yesterday’s
MomentumOptions.com Pre-Market Update for 12/29/2016 Volatility Rises on Light Volume 8:00am (EST) The market pulled back on Wednesday after starting
MomentumOptions.com Mid-Market Update for 12/28/2016 Bears Push Near-Term Support 1:40pm (EST) Futures were showing a nice open this morning for
MomentumOptions.com Pre-Market Update for 12/28/2016 Bulls Keep Momentum 8:00am (EST) The bulls showed continued signs higher highs are still in
MomentumOptions.com Mid-Market Update for 12/27/2016 Nasdaq Trips 5,500/ Trade Alert (TIVO) 1:50pm (EST) The talking heads are still on standby
MomentumOptions.com Pre-Market Update for 12/27/2016 Bulls Get Back on Track 8:00am (EST) The market finished higher last week with the
MomentumOptions.com Mid-Market Update for 12/23/2016 Bears on Track for Weekly Win/ New Trade (SNE) 2:55pm (EST) I mentioned the last
MomentumOptions.com Pre-Market Update for 12/23/2016 Light Volume Hampering Bulls 8:00am (EST) Volume has dried up this week as I often
MomentumOptions.com Mid-Market Update for 12/22/2016 Still on Standby 12:40pm (EST) Futures were lower throughout the morning but were improving ahead
MomentumOptions.com Pre-Market Update for 12/21/2016 VIX Holds 11.50 8:00am (EST) The talking heads were cheerleading throughout the day for another
MomentumOptions.com Mid-Market Update for 12/21/2016 Tight Trading Range/ New Trade (ARRY) 1:30pm (EST) Futures were slightly higher throughout this morning
MomentumOptions.com Pre-Market Update for 12/21/2016 Small-Caps Lead Bullish Charge 2:45pm (EST) The Dow party hats were being pulled out on
MomentumOptions.com Mid-Market Update for 12/20/2016 VIX Taps 11.50 2:45pm (EST) The bulls are pushing higher highs as the Dow has
MomentumOptions.com Pre-Market Update for 12/20/2016 Bulls Get Monday Win 8:00am (EST) The market traded in a tight range on Monday
MomentumOptions.com Mid-Market Update for 12/19/2016 Earnings for the Week/ Profit Alert (GLD) 2:35pm (EST) Fourth-quarter earnings season is less than
MomentumOptions.com Pre-Market Update for 12/19/2016 Another Mixed Week 8:00am (EST) The market ended mixed for the second-straight week although the
MomentumOptions.com Mid-Market Update for 12/16/2016 Trivago (TRVG) Goes Public/ Trade Alerts (IMAX, LSCC) 3:20pm (EST) Shares of Trivago (TRVG, $11.76,
MomentumOptions.com Pre-Market Update for 12/16/2016 Resistance Holds 8:00am (EST) The bulls got back on track Thursday and pushed higher highs
MomentumOptions.com Mid-Market Update for 12/15/2016 Dollar Rises, Metals Pull Back 2:45pm (EST) Futures were showing some weakness on the open
MomentumOptions.com Pre-Market Update for 12/15/2016 Fed Finally Makes a Move/ Trade Alert (CBI, GLD)/ Profit Alerts (RMBS, QQQ) 8:00am (EST)
MomentumOptions.com Mid-Market Update for 12/14/2016 Fed Decision on Deck/ New Trade (GLD) 12:15pm (EST) It’s now or next year for
MomentumOptions.com Pre-Market Update for 12/14/2016 Tech Rebounds 8:00am (EST) The bullish momentum continued on Tuesday with Tech leading the charge
MomentumOptions.com Mid-Market Update for 12/13/2016 Record Highs Back in Play/ Profit Alert (MSFT) 1:55pm (EST) The market continues to push
MomentumOptions.com Pre-Market Update for 12/13/2016 Blue-Chips Hold Court/ Profit Alert (ETFC) 8:00am (EST) The market held its pattern of a
MomentumOptions.com Mid-Market Update for 12/12/2016 Gold Holding $1,160 Level/ Profit Alert (CBI) 12:00pm (EST) I mentioned this morning Gold was
MomentumOptions.com Pre-Market Update for 12/12/2016 Bulls Continue Record Run 8:00am (EST) The market regained its momentum last week following a
MomentumOptions.com Mid-Market Update for 12/9/2016 Volatility Slips as Bulls Push New Highs 12:15pm (EST) One of the key indicators I’m
MomentumOptions.com Pre-Market Update for 12/9/2016 Tech Taps Another All-Time High 8:00am (EST) The Nasdaq joined the other major indexes in
MomentumOptions.com Mid-Market Update for 12/8/2016 Lululemon (LULU) Surges on Earnings Beat/ New Trade (VIAV) 11:30am (EST) Shares of Lululemon Athletica
MomentumOptions.com Pre-Market Update for 12/8/2016 Shorts Get Squeezed 8:00am (EST) The bulls continued their record run on Wednesday as new
MomentumOptions.com Mid-Market Update for 12/7/2016 Apple Holding 100-Day Moving Average 2:35pm (EST) Apple (AAPL, $110.64, up $0.69) continues to be
MomentumOptions.com Pre-Market Update for 12/7/2016 Small-Caps Tap Record High 8:00am (EST) The market was sluggish for much of Tuesday before
MomentumOptions.com Pre-Market Update for 12/6/2016 Small-Caps Lead Bullish Charge/ Important Login Information 8:00am (EST) Although the Dow got much of
MomentumOptions.com Mid-Market Update for 12/6/2016 Earnings for the Week 1:10pm (EST) Earnings season has come to a crawl and will
MomentumOptions.com Mid-Market Update for 12/5/2016 Dow Pushing Record Highs 12:00pm (EST) The bulls are rebounding from last week’s losses as
MomentumOptions.com Pre-Market Update for 12/5/2016 Bears Snap 3-Week Losing Skid 8:00am (EST) The bulls had their 3-week win streak snapped
Mid-Market Update: The bulls were anxious to see this morning’s jobs number in order to help them regain some lost momentum this week. Futures were negative ahead of the open, but they improved ahead of the news that nonfarm payrolls rose by 178,000 in November.
Pre-Market Update: The market followed a similar pattern on Thursday, as the major indices were mixed with continued divergence between the blue-chips and tech. The rotation has punished momentum stocks that aren’t in the mix, which is either a sign of continued weakness or a buying opportunity.
Mid-Market Update: Today’s flat to slightly lower action has been no surprise, as I mentioned that there could be choppiness into tomorrow’s job report. The suits-and-ties have forecasted that 180,000 jobs were added last month, and Wall Street will be looking for growth.
Pre-Market Update: The market finished mixed on Wednesday despite getting off to a good start. Oil rose as OPEC decided to cut production, but it ran into key resistance levels at $49-$50. Economic news has been good of late, and traders are anxiously looking ahead to tomorrow’s jobs report.
Mid-Market Update: Oil was up 7% in pre-market trading this morning ahead of OPEC’s oil-production decision. Futures were also up and pointing towards a higher open, with record highs still on the horizon.
Buy to open the ETFC January (2017) 35 calls (ETFC170120C00035000) for a maximum price of $1.15.
Buy to open the QQQ January (2017) 122 calls (QQQ170120C00122000) for a maximum price of $1.10.
Buy to open the RMBS February (2017) 14 calls (RMBS170217C00014000) for a maximum price of $0.70.
Buy to open the TIVO January (2017) 22.50 calls (TIVO170120C00022500) for a maximum price of $0.65.
Pre-Market Update: The bulls returned to their winning ways on Tuesday following some opening weakness, as the market finished mostly higher. The small-caps slacked, but tech tapped another all-time intraday high. Today’s action could see wider swings as a result of OPEC’s decision and the subsequent reaction in oil prices to a possible cut in production.
Mid-Market Update: One of my favorite sectors to play long and short positions on is the grocery and supermarket stocks. I usually stick to two names for the most part, which I have recommended on a frequent basis as official positions for the portfolio over the years.
Pre-Market Update: The bears made a brief appearance on Monday following three weeks of hibernation, but they did little damage in their efforts to slow the momentum. The small-caps had their 15-session win streak halted, although the pullback held rising support and last Monday’s levels. The close off of the lows was slightly bullish, but volatility rose to a level that needs to be respected.
Mid-Market Update: Futures were showing a slippery open this morning, with near-term support coming into play. While this is giving the talking heads comfort in knowing that the market doesn’t always go straight up, they can hang their hats on finally calling for a pullback, providing the losses hold into the close.
Pre-Market Update: The bulls kept their post-election momentum going on Friday, as the market closed higher for the third-straight week. With three trading days left in the month of November and the bears still in hibernation, record highs are still possible, as fund managers will be forced to chase as they come back from a holiday week.
Pre-Market Update: The market continued its traditional Thanksgiving rally this week, as the major indices pushed record highs again on Wednesday. Tech was a little slack, but the small-caps extended their winning streak to 14-straight. Today’s half-session is expected to be flat, as volume will be light and much of Wall Street will be taking extended vacations.
Mid-Market Update: The small-caps continue to shine and are working on their 14th-straight win, providing they hold today’s gains into the close. The post-election rally has been breathtaking, and I mentioned that it could be smooth sailing into the first week of December.
Buy to open the IMAX January (2017) 36 calls (IMAX170120C00036000) for a maximum price of $1.10.
Pre-Market Update: The market enjoyed another banner day on Tuesday, as all of the major indices continued their assault on all-time highs. With my fluff targets now in play, all we have to do is try and relax during the Thanksgiving action. Trading will likely be light today ahead of the Thanksgiving holiday on Thursday, but we will still be watching for warning signs of a market top while we nibble on bullish positions.
Mid-Market Update: With many of the slick-talking pros taking it easy and going on early vacations this week, the bulls aren’t giving the market a reason for a pullback, as the technical outlook continues to improve.
Pre-Market Update: The market continued its run to record highs yesterday, as the bulls got off to another good start for the week. I have been talking about the early hibernation by the bears into December and, with volatility falling below a key level of support, this week looks “all clear” to stay long.
Mid-Market Update: Futures were forecasting a slightly higher open and continued strength to higher highs ahead of this morning’s opening bell. Today’s action has helped the broader market break out to fresh all-time highs, and my fluff targets from this morning’s Pre-Market Update are coming into play.
Pre-Market Update: The bulls started last week on another high note, with the Russell 2000 joining the Dow in setting fresh 52-week peaks. However, the divergence continued, as the broader market and tech showed weakness. The bears tried their best against rising support, but they struggled for back-to-back sessions.
Mid-Market Update: November options expiration day has been bullish over the past 13 years, as the bulls have won the battle in 11 of them, or nearly 85% of the time. The bears had an edge going into today’s action, as futures were slightly weak overnight and heading into this morning’s opening bell.
Pre-Market Update: The bulls continued their thirst for higher highs, with the small-caps leading Thursday’s pack. The financial stocks showed strength again, which put the bears back on defense. Wall Street might be hesitant to go long over the weekend, but my current outlook shows blue-sky territory now continuing into the first week of December.
Mid-Market Update: I mentioned in yesterday’s Mid-Market Update that the king of the penny-beat, Cisco Systems (CSCO, $29.81, down $1.76), was reporting earnings, and it had a slight surprise for Wall Street on Wednesday after the close. The company actually beat estimates by $0.02, and revenue was higher as well. The problem was that the current forecast came in $0.02-$0.04 below expectations.
Pre-Market Update: The talking heads were finally patting themselves on the back yesterday, as they blamed Wednesday’s “pullback” on a market that had gone too high, too fast. However, that theory was broken by last Friday’s close. In reality, the market was split and closed mixed, with tech continuing its rebound. The financial stocks held the bulls from what would likely have been clean sweep, but momentum is still on their side.
Mid-Market Update: Earnings will come back into play in a big way today and for the rest of the week, as a number of high-profile companies and Wall Street darlings are set to confess their latest numbers.
Pre-Market Update: This week’s morning choppiness continued on Tuesday, and the market moved within a narrower trading range for much of the session. However, momentum picked up in the afternoon, led by the Nasdaq, and the Dow extended its win streak to seven-straight sessions. Higher highs continue to appear to be on the horizon, and volatility is also relaxing.
Mid-Market Update: Bank of America (BAC, $19.97, down $0.11) shares cleared $20 on Monday and are trying to hold longer-term resistance at this level. Momentum is a powerful tool, although it can sometimes be intimidating to even the best traders.
Buy to open the AAPL January (2017) 115 calls (AAPL170120C00115000) for a maximum price of $1.40.
Pre-Market Update: The market was mixed during much of Monday’s action, as both the bulls and bears split the session. Some of the baby bulls showed up to push the financial stocks to fresh highs, but the bigger story was the small-caps, which tapped a fresh all-time peak.
Mid-Market Update: Although the Nasdaq is holding near-term support, several high-profile tech stocks are getting whacked today. Shares of Apple (AAPL), Facebook (FB), Netflix (NFLX) and Alphabet (GOOG) are down around 3% on average.
Pre-Market Update: The market was oversold as it came into last week following a two-week pullback and backtest to the major moving averages. While a rebound was nearly a given on a Hillary Clinton win, a Donald Trump presidency wasn’t, and that caught Wall Street off guard.
Mid-Market Update: Despite another choppy open, the bulls have pushed higher highs today and are on track for the best week in two years. The market quickly went from being oversold coming into the week to being stretched at current levels heading into the weekend.
Pre-Market Update: The Dow surged to all-time highs on Thursday despite the pullback in tech. The action has caught Wall Street off guard, as most thought a selloff would occur as a result of a Trump presidency, but they were wrong. More follow-through today would be bullish for next week.
Mid-Market Update: The market is taking two different paths today, with the Dow pushing an all-time high while tech is pulling back. The divergence is a slightly bearish signal, as a number of high-profile stocks are taking hits.
Take profits and sell to close the first half of the MSFT December 57.50 puts at current levels.
Pre-Market Update: The market shrugged off a rocky start and some overnight jitters to push higher highs and additional layers of resistance yesterday, registering its third-straight win. The gains helped put all-time highs back in reach, and the VIX closed below 15 for the first time since late October.
Mid-Market Update: While much of the nation watched the electoral votes come in last night in anticipation of who might win the election, futures were giving a much clearer signal. Dow futures were down more than 800 points at one time last night, but they recovered massively ahead of this morning’s opening bell.
Pre-Market Update: Despite a slow start to the session, the bulls got their second-straight win on Tuesday. The slight dip on the open was a simple backtest to fresh support and one that was expected following Monday’s huge rally. The rebound to higher highs was also a given, with the bears holding resistance ahead of the presidential election.
Mid-Market Update: Shares of Shake Shack (SHAK, $32.75, up $0.45) will be on the move in extended trading on Wednesday, as the company is scheduled to announce earnings after the closing bell. Shares recently tested a multi-month low of $30.90 but held the 52-week low of $30 that was set in January of this year. Below is a two-year chart that shows the IPO debut and the subsequent run towards $100 afterwards.
Pre-Market Update: The bulls registered their best session since March following Monday’s blowout rally, which put an end to a nine-session slide. The bears were caught off guard, and they gave back more than half of the losses over that time period, but they still hold an edge as additional layers of resistance come into play.
Mid-Market Update: Futures were showing a strong open this morning following the news over the weekend that the FBI would not bring any charges against presidential candidate Hillary Clinton regarding her email debacle. While I often say that market pundits like to attach a headline when the market goes higher or lower, my notes from the weekend focused on the market’s oversold condition and a possible rebound rally this week.
Pre-Market Update: The bears pushed lower lows to end last month, and November also started off weak, with a break below the October lows ahead of the Fed news mid-week. The zombies’ decision to leave interest rates unchanged was certainly not a shocker from a hand that has been read worse than a fish at a poker table filled with sharks.
Mid-Market Update: Futures were flat ahead of this morning’s non-farm payrolls report, but they improved following the news that 161,000 jobs were added for October, with the unemployment rate falling from 5% to 4.9%. Wall Street was looking for a print of 175,000.
Pre-Market Update: The nervousness on Wall Street went up a notch following Thursday’s continued pullback and ahead of this morning’s jobs report. Good or bad, the lower lows came on continued volatility, as another key level of resistance was cleared. The upcoming weekend and presidential election will make it hard for investors to stay long, and buying on weakness seems to have gone out of style.
Mid-Market Update: Wall Street will be cheerleading for Starbucks (SBUX) to announce better-than-expected earnings today, as they are due to be released after the close. Analysts are expecting the company to post a profit of $0.55 a share on revenue of $5.68 billion.
Buy to open the SBUX January (2017) 47.50 puts (SBUX170120P00047500) for a maximum price of $1.10.
Set a Limit Order to sell to close the LSCC December 7.50 calls at $0.90.
Pre-Market Update: The market pundits were accurate in predicting that the Fed would stand pat on raising interest rates, and the December meeting is now in focus. Still on the radar for this week is Friday’s unemployment report, which could come in weaker-than-expected based on another private sector jobs report released on Wednesday.
Mid-Market Update: The bears are trying to push fresh lows ahead of the Fed’s decision on interest rates today, which is due to be released at the top of the hour. Wall Street is nearly 100% certain that no rate hike will be announced, but I have taught myself to expect the unexpected when it comes to trading the stock market.
Pre-Market Update: The market pulled back on Tuesday, with the major indices falling below the previous October lows. The stretch below support and the lower lows could lead to further weakness, as Wall Street is finally noticing the spike in volatility.
Mid-Market Update: The market has traded on both sides of the ledger during the first half of the action and ahead of the Fed’s two-day meeting that starts today. The zombies will be sleeping through the get-together, however, as the upcoming presidential election is just a week away. There is no scheduled press conference afterwards, so risk may be limited.