Wednesday, July 17, 2013 (PM)
July 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one […]
July 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one […]
9:00am (EST) continued… The Dow added 20 points, or 0.3%, to finish at 15,484. The blue-chips traded to a high
July 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one
MomentumOptionsTrading.com Morning Update for 7/15/2013 Big Week for Earnings 9:00 am (EST) The bulls came into July stuck in a
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9:00am (EST) The FOMC meeting minutes showed some of the zombies agree on tapering sooner rather than later and most
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9:00am (EST) The bulls managed to clear and hold the next wave of resistance ahead of the FOMC meeting minutes
9:00am (EST) The bulls posted their second-straight Monday win following Friday’s push past the 50-day MA’s and were able to
9:00am (EST) The bulls opened with a strong run to the 50-day MA’s (moving averages) on Friday and were met
9:00am (EST) The Dow zoomed 169 points, or 1.1%, to close at 15,460. The all-time intraday high is at 15,542
July 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one trade
9:00am (EST) continued… The Dow dropped 8 points, or 0.1%, to close at 15,291. The blue-chips made a run to
July 2013 | Members Do not risk more than 5% of your trading account on any one trade
9:00pm (EST) The Dow advanced 75 points, or 0.5%, to end at 15,300 on Tuesday. The blue-chips reached a peak
July 2013 | Members Do not risk more than 5% of your trading account on any one trade but
MomentumOptionsTrading.com Morning Update for 7/8/2013 New Sheriff in Town 9:00am (EST) The bulls opened with a strong run to the
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9:00am (EST) The Dow added 88 points, or 0.6%, to finish at 15,224 on Monday. The blue-chips traded to a
July 2013 | Do not risk more than 5% of your trading account on any one trade but
MomentumOptionsTrading.com Midday Update for 7/5/2013 Opening Pop Fades at 50-Day MA’s 12:30pm (EST) Futures were showing a strong open throughout
MomentumOptionsTrading.com Morning Update for 7/5/2013 Wall Street Braces for Nonfarm Payrolls Report 8:00am (EST) The back-and-forth action between
MomentumOptionsTrading.com Morning Update for 7/3/2013 Another Late Day Pullback 9:00am (EST) The market experienced another late day pullback on
MomentumOptionsTrading.com Midday Update for 7/2/2013 Another Push Higher Meets Resistance 12:45pm (EST) The bulls are trying to push the
MomentumOptionsTrading.com Morning Update for 7/2/2013 Late Day Fade Stalls Rally 9:00am (EST) The bulls started off the second half
MomentumOptionsTrading.com Midday Update for 7/1/2013 Stuck in the Middle 3:10pm (EST) We mentioned in the Weekly Wrap last
12:50pm (EST) The bulls are still on track to win the week despite today’s pullback but the bears will win
==9:00am (EST) The battle to win the month of June is coming down to the last trading day of the
12:40pm (EST) Our charts from last night were showing more upside potential following last week’s break out of the “symmetrical
July 2013 | Members MEMBERS AREA 12:30 pm (EST) Do not risk more than 5% of your trading account on
July 2013 | Members MEMBERS AREA 9:00am Do not risk more than 5% of your trading account on any one
July 2013 | Members MEMBERS AREA 12:45pm (EST) Do not risk more than 5% of your trading account on any
July 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one
Back to Members Monday, July 1, 2013 Tuesday, July 2, 2013 Wednesday, July 3, 2013 Thursday, July 4, 2013 Friday,
9:00am (EST) The bulls continued their comeback off Monday’s test to the 100-day MA’s (moving averages) and made a push
9:00am (EST) After having won 20-straight Tuesday’s to start they year, the bulls lost 2 before winning their second-straight Tuesday
1:30pm (EST) Futures were pointing towards a higher open on Wall Street this morning as the bulls got a bevy
9:00am (EST) We didn’t think the bears had enough firepower to hit the 200-day MA’s to start the week but
11:25am (EST) Futures were weal throughout the night and got progressively worse ahead of this morning’s opening bell as global
12:50pm (EST) Futures were strong throughout the night and were showing a nice recovery following Thursday’s selloff but they were
9:00am (EST) continued… The S&P 500 gained 10 points, or 0.6%, to settle at 1,613. The bulls made a run
June 2013 | Members 12:50pm (EST) continued… We have been following Blackberry for years, formally known as Research In Motion,
9:00am (EST) continued… The Dow soared 150 points, or 1%, to close at 14,910. The blue-chips reached a peak of
June 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one
9:00am (EST) The Dow jumped 100 points, or 0.7%, to settle at 14,760. The blue-chips traded up to 14,812 and
June 2013 | Members Do not risk more than 5% of your trading account on any one trade but do
9:00am (EST) The Dow dropped 140 points, or 0.9%, to close at 14,659. The blue-chips traded to a low of
June 2013 | Members Do not risk more than 5% of your trading account on any one trade but
9:00am (EST) “There were a number of streaks that were in play last week as the bears made another attempt
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9:00am (EST) For those of you that have followed us for years, we often say the bulls like to take
9:00am (EST) The market traded in a tight range for much of Wednesday’s session and with the indexes just below
11:50am (EST) The bulls are looking for their third-straight win today, a feat that hasn’t been accomplished since late April
9:00am (EST) The bulls got off to a great start on Monday and made a strong run at resistance for
2:05pm (EST) The charts from our weekend homework were pointing towards a major breakout (or breakdown) this week as the
9:00am (EST) The market traded in a tight range to start the week but it didn’t take long or the
12:45pm (EST) The bears are on track for the weekly win if current levels hold. The bulls have done well
9:00am (EST) The Dow declined 354 points, or 2.3%, to finish at 14,758 on Thursday. The blue-chips fell to a low of
June 2013 | Members Do not risk more than 5% of your trading account on any one trade
9:00am (EST) continued… The Dow dropped 206 points, or 1.4%, to close at 15,112. The blue-chips traded to a high
June 2013 | Members Do not risk more than 5% of your trading account on any one trade but
June 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any
9:00am (EST) Riverbed Technology (RVBD, $16.26, up $0.17) July 16 calls (RVBD130720C00016000, $0.90, up $0.05) Entry Price: $0.75 (6/11/13) Exit
June 2013 | Members Do not risk more than 5% of your trading account on any one trade but do
9:00am (EST) “There were a number of streaks in play last week that were snapped or continued that favored both
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The Dow gained 180 points, or 1.2%, to close at 15,176 on Thursday. The blue-chips traded to a high of
12:10pm (EST) Futures were pointing towards a nasty open on Wall Street this morning when we were doing our late
9:00am (EST) Volatility can cause chaos and confusion and with the whippy action we have seen in the market over
12:25pm (EST) Futures were pointing towards a strong open this morning and after an initial pop, the market has pulled
9:00am (EST) The bears got their second-straight Tuesday win following another volatile session on Wall Street. The blue-chips experienced multiple
9:00am (EST) Following a couple of weeks of extreme volatility, the market traded flat to start the week with both
1:45pm (EST) It was important for the bulls to get off to a good start today, or at least hold
9:00am (EST) Wall Street played out like a Hollywood Blockbuster that had a lot of action, drama, and emotion with
12:15pm (EST) Futures were flat as a pancake when we were doing our late night homework while watching the overseas
9:00am (EST) The bulls were able to hold their gains on Thursday and made a nice push higher into the
June 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one
9:00am (EST) continued… The Dow tanked 127 points, or 0.8%, to end 14,995. The blue-chips traded to a high of
June 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one
9:00am (continued…) The S&P 500 dipped 16 points, or 1%, to end at 1,626. The index traded down to 1,622
June 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any
9:00am (EST) continued… The Dow lost 9 points, or 0.1%, to settle at 15,238. The blue-chips made a run to
June 2013 | Members 12:00pm (EST) continued… One stock that is not likely to recover today, or anytime
Bulls Get Weekly Win 9:00am (EST) “Before we get into Friday’s action, let’s talk about the bullish May the bulls
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9:00am (EST) The current market environment has been volatile but sometimes it is hard for the talking heads and most
9:00am (EST) The bears continued their assault on the 50-day moving averages (MA) and they got a little closer following
12:15pm (EST) We talked about the indexes 50-day Moving Averages (MA’s) this morning and how they were just 2%-3% away
9:00am (EST) The bulls 20-session Tuesday win streak is over. Now that we got that out of the way, the
9:00am (EST) The bulls were pressured throughout Monday by the bears following Friday’s pullback below support that is now trying
2:00pm (EST) We knew coming into the week the market would remain volatile and today’s action is just the start
9:00am (EST) We mentioned when we got back from the holiday weekend we did some roller-coaster riding to keep our
9:00am (EST) continued… The Dow dropped 217 points, or 1.4%, to close at 14,960. The blue-chips started the session in
June 2013 | Members Do not risk more than 5% of your trading account on any one trade but
9:00am (EST) continued… The S&P 500 slipped 9 points, or 0.6%, to settle at 1,631. The index traded to a
June 2013 | Members Do not risk more than 5% of your trading account on any one trade
9:00am (continued…) The Dow jumped 138 points, or 0.9%, to finish at 15,254. The blue-chips tested a low of 15,123
June 2013 | Members MEMBERS AREA Do not risk more than 5% of your trading account on any one