Momentum Options Trading Weekly Wrap for 4/6/2014
Momentum Options Trading Weekly Wrap for 4/6/2014 “We said the bulls needed to survive last week and while the bears did […]
Momentum Options Trading Weekly Wrap for 4/6/2014 “We said the bulls needed to survive last week and while the bears did […]
Mid-Market Update: This morning’s Nonfarm Payrolls number was crucial in keeping the bulls momentum going and futures were trading higher throughout the night ahead of the overseas market. There were other clues left on Thursday that were also bullish but this gave us a good feeling coming into this morning’s report the market would be okay.
Mid-Market Update: The trading pattern has followed much of Wednesday’s action as the indexes have danced in a tight range ahead of Friday’s Nonfarm Payrolls report. However, the blue-chips have traded to new all-times highs along with the S&P 500 before turning lower.
Pre-Market Update: The market traded in a tight range on Wednesday following slightly weaker-than-expected ADP numbers but the bulls pushed higher to get their fourth-straight win. The numbers were 2,000 light after the payroll provider estimated 191,000 jobs were added by employers in March.
Pre-Market Update: The market continued its rebound off last week’s lows to reach fresh peaks as the bulls won their 3-straight session. The bullish clues from last week were helpful despite the bears’ push to support as it showed flaws.
Mid-Market Update: Shares of Apollo Education Group (APOL, $32.09, down $3.07) are down 9% today following mixed earnings. The company reported a profit of $0.28 a share on revenue of $679 million versus expectations for $0.19 a share on revenue of $689 million.
Pre-Market Update: Wall Street jumped back on the bulls bandwagon following a strong rebound and push to resistance. We mentioned in the bulls needed to hold their gains and they did while pushing higher following our midday update. The back-to-back wins on Friday and Monday were a big plus following the broader market selloff last week and a major step in reestablishing the bulls momentum.
Mid-Market Update: The bulls are going for the hat trick today as they try to seal the deal on 3-straight winning sessions. The S&P 500 has hit an all-time intraday peak of 1,884.60, we’re not fooling, and the VIX has dipped below 13.50.
Mid-Market Update: The market will likely finish the month of March mixed but the bulls need a strong close today to avoid getting back-doored by the bears.
Pre-Market Update: While the action on Friday wasn’t thrilling, the movement for the week was bullish and the current environment is playing out a lot like last year.
MomentumOptionsTrading.com Weekly Wrap for 3/30/2014 11:30pm (EST) 1. Market Summary 2. Veeva Systems (VEEV) Near 52-week Lows 3. Earnings 4.
Mid-Market Update: It remains to be seen if today’s rally sticks or if there is a fade into the close but we have been telling our subscribers not to count the bulls out despite a volatile week.
Pre-Market Update: The market fell for the second-straight session on Thursday but the bulls did a good job of keeping the losses in check. There are still 2 trading days left for the month of March and despite this week’s pullback, there is a slight chance the bulls can make it up.
Mid-Market Update: The market has darted in-and-out of positive territory and is currently in the red as we make the turn.
Pre-Market Update: We mentioned the bulls needed to get through this week for a possible rally to new highs in April but the bears are doing their best to delay those plans following Wednesday’s pullback.
Mid-Market Update: We waited a little late to go to press as we saw some weakness developing and we wanted to see why. Rumors of geopolitical concerns seem to weighing on the indexes again but as long as support holds, the market should see higher levels in April.
Pre-Market Update: The bulls bounced back from Monday’s losses to win Tuesday’s session as they held support and pushed prior resistance.
2:05pm (EST) Shares of Sonic (SONC, $23.21, up $2.29) are surging to fresh 52-week peaks following another decent earnings report.
Pre-Market Update: The market rebounded to start the week as the Ukraine/ Russia threat simmered down but the bulls hit a speed bump halfway through after Fed Head, Janet Yellen, spooked the market.
Buy to open the IWM April 90 calls (QQQ140419C00090000).
Buy to open the IWM April 120 calls (IWM140419C00120000).
Mid-Market Update: The bulls impressive showing from last week got the market into positive territory for the year but today’s action has pushed all of the major indexes back into the red.
Pre-Market Update: We were ready for another 2-step downslide like the one the market experienced in late January and into February with the bears playing the geopolitical tension card. The flop was Monday through Wednesday’s action with the turn on Thursday and Friday. The bears went all-in again and could be reloading if there is a bounce on Monday and how we are playing this week.
There are other bearish developments that will at some point derail the bulls and they could come this week depending on what the zombies do but let’s take a look at some other indicators we are watching.
Mid-Market Update: As we make the turn, the Dow is up 113 points to 16,444 while the S&P 500 is higher by 10 points to 1,882. The Nasdaq is gaining a point to 4,320 and Russell 2000 is chugging a 6-pack to 1,205.
Pre-Market Update: We mentioned yesterday there might be one bad apple in the bunch but overall, we said the Financial stocks should show some strength this week. They have and now the question will be if the gains have staying power and if the Financials can lead the market on the next leg higher.
Mid-Market Update: As we make the turn, the indexes are pushing resistance once again and a follow through on Friday could get fresh highs in play.
Pre-Market Update: Uncle Ben left some big shoes to fill as the market usually responded well to his comments and his QE (quantitative easing) efforts. It remains to be seen how Aunt Janet’s first year plays out but she did the bulls no favors by going off script a little from the normal Fed rhetoric.
Mid-Market Update: With Wall Street getting ready for the upcoming 1Q earnings season in April, current earnings reports have been an afterthought. Publicly-traded companies have different reporting periods and quarters depending on when their corporations were formed and the offbeat quarters are still worth watching.
Pre-Market Update: The bulls got some kind words from Russian President Vladimir Putin on Tuesday that helped extend the “Putin Rally” for a second consecutive session.
Mid-Market Update: The bulls are trying to put together back-to-back wins to start the week and today’s action has been favorable providing current gains hold. The bears are looking to protect the next waves of resistance that served as prior support.
Pre-Market Update: Our chart work from the weekend showed a possible bottom was in as Friday’s action picked up steam in the final hour of trading. We mentioned a lot of traders were going short and protecting their portfolios ahead of the weekend drama but we stepped on the gas pedal as we felt the suit-and-ties were once again overreacting.
Mid-Market Update: St. Patrick’s Day has always been one of our favorite holidays as the green signals Spring is just around the corner. Although this year’s celebration has been mixed with white snow, we can’t complain as we were betting on a rebound today.
Pre-Market Update: The bulls are still holding gains on the Nasdaq and Russell 2000 and the Transports are still up 1% for the year. Biotech and the Financial stocks also slipped but are still in the green but Wall Street and the world took insurance out ahead of Crimea’s vote to join Russia.
The month of March has been bullish over the past 30 years with the S&P 500 trading higher in 20 of them with an average gain of 1.4%. There is usually strength mid-month followed by weakness near month end.
Mid-Market Update: There is a lot of headline risk over the weekend with the referendum scheduled on Sunday for Crimea to join with Russia. The outcome will likely have serious consequences and the result will cause another response from head officials here at home on Monday.
Pre-Market Update: We mentioned today’s close would be more important than yesterday’s but let’s peel back the onion to see who’s really going to be crying by the closing bell and into next week.
1:40pm (EST) We have another Profit Alert for our Weekly Wrap for one our current positions as our Stop Limit
1:40pm (EST) We have another Profit Alert for our Weekly Wrap for one our current positions as our Stop Limit
Mid-Market Update: Fridays have been bullish in recent weeks, especially in Tech, so today and tomorrow’s close will be important clues on how next week plays out. The bears are right at the second waves of support and the bulls will need to hold.
Pre-Market Update: The bears controlled the majority of the action on Wednesday but it was the bulls that got the majority of the market pie as they focused on Tech and the small-caps. However, the action was lack-luster as the market has formed a mini-trading range following last week’s test to new highs.
Mid-Market Update: As much as the talking heads and slick talking pros have said the market needs a 5%-10% pullback, we have mentioned we still see another 1%-2% upside potential and that a mini-trading range could develop until the next leg higher (or lower).
Pre-Market Update: The first blow came on Wall Street’s lunch break at the bears cracked the first wave of support and the second came when they got they second-straight win on the S&P 500 – a feat not accomplished since the beginning of February.
Mid-Market Update: With 4Q earnings season winding down, we mentioned the number of possible option trades would be dwindling as Wall Street prepares for a new season and 1Q earnings in April.
Pre-Market Update: The bears made a little noise on Monday after they scored a victory round and lead most of the fight from start to finish. The first waves of support were tested but the bulls also showed some strength as they rebounded off the lows to recover 2/3rd’s of the losses.
2:15pm (EST) We have a Trade Alert for our Weekly Wrap for one our current positions as our Stop Limit
Mid-Market Update: We are still trying to play catch up to the hour of sleep we lost Saturday night after the clocks in the US were moved forward. Alaska and Arizona are the 2 states excluded but we didn’t mind as it signals Spring is just around the corner and the weather is getting warmer.
Pre-Market Update: Futures were showing a nasty open for Wall Street on Monday following Russian’s “invasion” into Ukraine but quickly rebounded on Tuesday after softer words were spoken.
MomentumOptionsTrading.com Weekly Wrap for 3/9/2014 11:30pm (EST) 1. Market Summary 2. EMC Corporation (EMC) is Intriguing at Current Levels
Mid-Market Update: Futures were showing a positive open throughout the night as we were doing our homework and updating our current positions. We weren’t too worried if Nonfarm Payrolls came in north or south of triple-digits (100,000) as any number would be blamed on the weather, good or bad.
Pre-Market Update: The bulls pushed new highs on Thursday on the S&P 500 and the Dow ended higher, but the bears controlled Tech and the small-caps as they finished lower.
Mid-Market Update: With earnings season winding down, the number and quality of possible earnings trades have been dwindling. Every Sunday night, we look at all of the companies reporting earnings for the upcoming week to see if there is a possible call or put option trade as a way to play the stock’s move.
Pre-Market Update: Following Monday’s sharp pullback and Tuesday’s amazing rebound, we figured Wednesday (and Thursday) could be flat sessions ahead of Friday’s Nonfarm Payroll report.
11:00pm (EST) Working overtime as usual… As a reminder, one of our current trades for our Weekly Wrap was stopped
MId-Market Update: The bulls, and bears, are taking a small breather today following 2 days of incredible volatility and major price swings.
Pre-Market Update: The market soared to fresh all-time highs on Tuesday as tensions eased between Russia and Ukraine for now. The gains were strong across the board as the bulls regained all of Monday’s losses and then some.
1:10pm (EST) We have 2 New Trades we are getting into for our Weekly Wrap newsletter. One stock is at
Mid-Market Update: The market was on pins and needles early on rumors of Russia demanding Ukrainian forces in Crimea to surrender by 5:00 AM (EST) this morning or face an attack. Those rumors proved false after Russian President Vladimir Putin spoke for over an hour and said the Ukraine crisis won’t immediately escalate and that war was the last resort.
Pre-Market Update: The indexes have dropped on the first trading day of the month in all three to start 2014 and yesterday’s pullback was the first 2-session skid in a month for the Nasdaq and S&P 500.
Mid-Market Update: We were prepared for the pullback as we have been locking-in profits on our call option trades while trying to keep our portfolio light. While it may be too early to enter the shark tank today, there will be plenty of opportunities for new trades this week.
Pre-Market Update: The market broke out to new highs to start the week but had trouble holding resistance ahead of the Head Fed’s update on Thursday. Early morning surges past resistance failed until Janet Yellen gave the all clear signal that enabled the bulls to HOLD resistance once she spoke.
11:30pm (EST) 1. Market Summary 2. 2014 IPO Market Will be Exciting 3. Earnings 4. Weekly Wrap Portfolio
Mid-Market Update: We have talked about a continued run higher into March but we warned yesterday the month has been very volatile in recent years. We can’t wait as we are looking forward to a continued breakout or a back test that could get serious if support levels fail to hold.
Pre-Market Update: The market opened mixed on Thursday as Wall Street awaited Fed Head Janet Yellen’s testimony on Capitol Hill and once she finished, the bulls had the feeling she has their backs.
Mid-Market Update/b>: The Fed Head’s Q&A session today on Capital Hill went rather smoothly as Janet Yellen briefed the zombies on the Fed’s plans moving forward. She seemed rather calm and well prepared for the grilling session and the market is responding with another trip past resistance.
Pre-Market Update: The trading pattern inside the current trading range continued on Wednesday as the bulls made an opening run at the start of trading with the bears grabbing the horns by the close.
1:20pm (EST) It remains to be seen if today’s slight push past resistance holds as the bulls try for the
9:00am (EST) The bulls teased Wall Street again after getting the indexes above key resistance levels but the rally faded
Bears See Green/ Profit Alert (IR)!!! 1:15pm (EST) Futures were showing a flat open throughout the night and into this
12:05pm (EST) We have a New Trade we are getting into for our Weekly Wrap newsletter. We have followed the
12:05pm (EST) We have a New Trade we are getting into for our Weekly Wrap newsletter. We have followed the
9:00am (EST) Monday’s gains were good to see as the bulls finally cleared resistance for the most part but we
12:35pm (EST) Special Notice: If you haven’t logged into our Members Area to look at the charts from the weekend,
9:00 a.m. (EST) The bulls put together another solid week despite a spooky Fed report and shaky earnings and economic
MomentumOptionsTrading.com Weekly Wrap for 2/23/2014 11:30pm (EST) 1. Market Summary 2. Weekly Wrap 2013 Year in Review 3. Earnings
1:30pm (EST) Shares of Groupon (GRPN, $8.23, down $2.05) are down 20% today following the company’s earnings announcement after Thursday’s
12:35pm (EST) We have action to take on 2 trades in our Weekly Wrap newsletter that have returned us a
12:35pm (EST) We have action to take on 2 trades in our Weekly Wrap newsletter that have returned us a
February 2014 | mbers Do not risk more than 5% of your trading account on any one trade but do
9:00am (EST) continued…) The Dow dropped 27 points, or 0.2%, to close at 16,179. The blue-chips opened lower and traded
February 2014 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one trade
9:00am (EST) continued… The Dow jumped 104 points, or 0.6%, to finish at 16,207. The blue-chips opened a point lower
February 2014 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one trade
MomentumOptionsTrading.com Morning Update for 2/24/2014 Trading Range Developing but for How Long? 9:00am (EST) “Last week’s homework showed a
9:00am (EST) Thursday was a semi-crucial day for the bulls as futures were weak throughout the night and another test
Momentum Options Midday Update for 2/20/2014 M&A Action Heating Up 1:10pm (EST) Futures were showing a sloppy open for
9:00am (EST) The market was choppy on Wednesday following an opening pop and drop that ended with a lower close
1:25pm (EST) We mentioned there were nearly 50 charts we looked at and dissected for possible earnings trades this week
9:00am (EST) Futures were green throughout Monday and into Tuesday’s open that led to an good day for the bulls.
1:20pm (EST) The market has traded in a tight range to start the shortened week following Monday’s day off as
9:00am (EST) The market continued its incredible comeback as the bulls quieted talk of an impending collapse by rallying back
MomentumOptionsTrading.com Weekly Wrap for 2/16/2014 11:30pm (EST) 1. Market Summary 2. Cytokinetics (CYTK) Trying to Right the Ship 3.
Bulls Pushing Green Ahead of 3-Day Weekend/ Special Promotion 1:55pm (EST) We mentioned we would cover strangle option trades in
9:00am (EST) The bears got excited ahead of Thursday’s open as futures worsened on lousy retail sales for January and
2:15pm (EST) The battle at Dow 16,000; S&P 1,825; and Nasdaq 4,200 continues with the bulls reclaiming and holding these
9:00am (EST) continued… The Dow gained 92 points, or 0.6%, to end at 16,133. The blue-chips opened 4 points higher
February 2014 | Members Do not risk more than 5% of your trading account on any one trade but
9:00am (EST) continued… The Dow dropped 90 points, or 0.6%, to finish at 16,040. The blue-chips traded up to 16,225
February 2014 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one
9:00am (EST) continued… The Dow fell 24 points, or 1.5%, to close at 16,130. The blue-chips traded in a 60-point