MomentumOptionsTrading.com Morning Update for 12/02/09
It’s as if the Dubai news never happened… The market picked up more momentum on Tuesday, as the Dow added 126 […]
It’s as if the Dubai news never happened… The market picked up more momentum on Tuesday, as the Dow added 126 […]
1:10pm (EST) The bulls have pushed the market back to pre-Thanksgiving highs as the Dow is enjoying a 118 point
9:10am (EST) The market managed to end the month of November with a slight gain as the Dow added 35
1:00pm (EST) It’s been another battle today as both bulls and bears struggle to gain momentum. The Dow opened with
9:05am (EST) Futures are pointing to a lower open this morning as Wall Street tries to balance concern about fallout from Dubai’s
11:10pm (EST) It may have been a short week of trading but the market took investors for a wild ride
3:05pm (EST) We wanted to wait until the market closed to give today’s mid-day update. The market absorbed the Dubai
8:35am (EST) Folks, we are looking at a NASTY open this morning. After pushing the major averages to new highs
11:10am (EST) We were betting on a good housing number this morning and we got it. The Commerce Department reported sales
9:00am (EST) To quote a famous football coach of the Green Bay Packers back in the day… “What the hell
12:45pm (EST) The market is has come off its morning lows but is still in negative territory for the day.
9:10am (EST) The market bounced back in strong fashion yesterday as the bulls snapped a three-day slide and took the
12:45pm (EST) The market is off to a strong start this week and we called it right in the Weekly
11:40am (EST) “I got 99 problems but the market ain’t one”… Man, what a week. We wanted to do today’s
1:30pm (EST) We date options, we don’t marry them… The market is getting punished today after getting some unpleasant economic news
1:00pm (EST) The market is struggling today but the major averages are holding the support levels we mentioned this morning.
9:05am (EST) The biggest thing we took away from yesterday’s action in the market was the S&P 500 holding the
1:15pm (EST) The market is a little choppy today and is trying to make a comeback as we go to
9:05am (EST) The market got off to a great start on Monday after a better-than-expected rebound in retail sales helped
12:45pm (EST) The bulls are pushing the market higher today although Bernanke just took the podium and said “significant economic
12:15pm (EST) Looks like we missed the Walt Disney (DIS, $30.38, up $1.33) trade… One of the best things about
9:15am (EST) Abercrombie & Fitch (ANF, $36.76) is up 5% this morning in pre-market trading after beating Wall Street’s earnings
12:50pm (EST) Intel (INTC, $19.88, up $0.04) and Advanced Micro Devices (AMD, $6.51, up $1.19) have buried the hatchet after
9:05am (EST) The futures are pointing towards another strong open this morning as the market looks to add-on to its
11:30pm (EST) The bulls battled back last week and let it be known they are not about to give up
1:00pm (EST) We have had a busy day and the bulls are pushing Dow 10,000 as we head towards Friday’s
9:15am (EST) Cisco Systems (CSCO, $23.29, up $0.38) does it again. It shouldn’t come as a surprise the company beat
9:15am (EST) It what comes as no surprise, CIT Group (CIT, $0.72, down $0.23) made it official by filing for Chapter
12:45pm (EST) The market is get spooked the day before Halloween as the Dow is off triple-digits, or 150 points,
9:15am (EST) The market rebounded in strong fashion yesterday as the bulls pushed the Dow higher by 200 points and
12:40 pm (EST) The market is higher today but the Dow isn’t showing a lot of muscle despite some good
1:00pm (EST) The Dow is struggling to hold the 10,000 level but the bulls have been trying. Futures were pointing towards a
12:30pm (EST) In August, we listed a group of IPO’s that were coming out and in September and many of them
1:00pm (EST) The bears took advantage of a weak housing report today and have crashed the earnings party the bulls
1:10pm (EST) The market is surging higher today as the Dow is up 104 points to 10,100. The more important
9:00am (EST) MARKET COMMENTARY Futures are pointing towards a higher open this morning after reversing course overnight. There are a number of
11:30pm (EST) MARKET COMMENTARY Friday was a rough day for the bulls as the Dow fell 67 points, or 0.7%,
1:00pm (EST) The bulls are hanging around today and seem determined to take the market higher. We have spent much
12:40pm (EST) Is it me or does it feel like we are watching paint dry? In what should have been
9:05am (EST) Futures are pointing towards a HUGE open this morning after strong earnings results from Intel (INTC, $20.49) and JPMorgan Chase (JPM,
12:40pm (EST) The market is moving higher today as the Dow now stands 100 points away from 10,000. Currently, the
8:30am (EST) The bulls took the ball and ran with it as the market headed higher throughout the week and
8:40am (EST) We all know that stock-splits don’t mean much in monetary value when a company announces a 2-for-1 split.
1:00pm (EST) The bulls are resuming their climb towards Dow 10,000 after getting positive earnings from Alcoa (AA, $14.54, up $0.34) and a
9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the
3:00pm (EST) The bulls got the ball rolling today after a positive ISM number this morning has put Wall Street in
3:45pm (EST) Special Note: We are sending today’s Weekly Wrap early. I am away on travel and hope to be
8:15am (EST) I wanted to send today’s update early because there are a lot of things I’m looking at as we
1:00pm (EST) If you are a bull today you might as well head back to camp. The market is taking
1:15pm (EST) The market was off to a good start until the Chicago PMI number hit Wall Street. Economists were expecting a
9:00am (EST) Nike (NKE, $63.90, up $3.81) is up over 6% in pre-market trading after beating Wall Street’s estimates on
12:30pm (EST) The market got off to a good start this morning but has been weaker after the Consumer Confidence
12:30 pm (EST) The bulls are in charge today as they have taken a number of positive developments to move
11:40 pm (EST) Market Commentary The bears finally made some noise last week as they sent the market down 2%, on
1:10pm (EST) The market got off to a good start after the Labor Department reported the number of newly laid off workers seeking unemployment
12:40pm (EST) Dendreon (DNDN, $29.83, up $0.37) popped over $30 again this morning after an analyst initiated coverage of the
12:05pm (EST) The market took a hit this morning (as it seems to do every Monday morning) but has bounced off
9:00am (EST) Futures are pointing to a slightly higher open today, as the bulls look to resume this week’s rally after a slight
9:00am (EST) Futures were slightly higher before the Retail and PPI numbers came out at 8:30am. Before the reports
9:10am (EST) Futures are pointing towards a negative open amid concerns about a growing trade dispute between the U.S.
1:20pm (EST) The market is trending lower today although the bulls were out early. The Dow is currently down 49 points to
9:00am (EST) The bulls made it five in-a-row on Thursday and will look to extend their winning streak to a
11:00pm (EST) 1. Commentary 2. Imax Could Be A Wildcard 3. Earnings 4. Current Trades 5. Closing Thoughts ************************************************** 1.
2:00pm (EST) The Dow is struggling after starting off the morning in the green. Intel (INTC, $20.25, up $0.78) got
11:30pm (EST) 1. Commentary 2. Checking in on the VIX 3. Baltic Dry Index Continues To Tank 4. Earnings 5.
Abercrombie & Fitch (ANF, $31.68, up $0.32) September 32 puts (ANFUJ, $2.05, down $0.20) Entry Price: $1.25 (8/14/09) Exit Target:
9:15am (EST) European markets are bleeding red and the big talk is China’s Shanghai stock market which has fallen 5%
11:00pm (EST) Abercrombie & Fitch (ANF, $31.47, down $0.07) September 32 puts (ANFUJ, $2.20, flat) Entry Price: $1.25 (8/14/09)
1:00pm (EST) Abercrombie & Fitch (ANF, $31.96, down $2.29) is down 7% today and the September 32 puts (ANFUJ, $2.00, up
9:10am (EST) From last Thursday: “This has been a tough tape to read folks but I do think the market
1. Commentary 2. Allocating Option Trades 3. Putting a Collar Option on Your Investments 4. Earnings 5. Current Trades
9:15am (EST) The Dow futures are lower by 13, and Nasdaq futures are down 8 points as we head towards the
9:00am (EST) Futures are sharply higher this morning as broad gains in the overseas markets have helped put Wall Street
Ford (F, $7.91, up $0.52) continues to push $8 and is looking golden to hit $10 by year-end if not
1:45pm (EST) Sometimes the writing is on the wall. Make that…sometimes the writing is on the Blog. For
9:15am (EST) I’m running a little behind this morning so I’m doing today’s Blog on the fly. Dow futures are
11:30pm (EST) Don’t shoot the messenger… Green Mountain Coffee Roasters (GMCR, $67.50, down $0.25) reported earnings after the
1. Commentary 2. Green Mountain Coffee Roasters Brewing Big Gains 3. Earnings 4. Current Trades & Closed Trades 5. Monday
10:30pm (EST) Talk about a product(s) that sells itself. Every year, quarter after quarter, Apple (AAPL, $151.51, down $1.40) seems
Intel (INTC, $18.05, up $1.22). Even better was the fact that the company also issued higher guidance for the third
10:20 PM (EST) Wall Street had a positive day but you gotta have that feeling that the bulls stomachs
2:30pm (EST) After spending the first couple of hours in positive territory, the market has given up all of its
10:45pm (EST) In what started out as a “steady” day for the bulls turned out to be a disaster waiting
1. Commentary 2. Earnings 3. Current Trades & Closed Trades 4. Closing Thoughts ************************************************** 1. Commentary The market ended the
8:00am (EST) Sorry for the delay on this one. Lost my Internet connection for awhile last night due to a
1. Commentary 2. Palm Continues To Surge 3. Precision Trading Tools & Tactics Live Webinar 4. Earnings 5. Current Trades
10:30am (EST) I wanted to wait until after we got the housing numbers to do this morning’s update and to
It was a brutal Monday for the market if you were a bull as all three major indexes took a beating.
11:00am (EST) Today is one of those rare days in the market that only happens four times a year. It’s
9:15am (EST) What a rough two days it has been. The Dow has dropped 300 points and it is funny
4:00am (EST) It’s no secret I have been the last standing bull that I can find in my circle of
10:00pm (EST) The bulls are back in town. Well, they never left really. The bears came up swinging Monday after
1. Commentary 2. Dow Takes New Shape 3. TiVo Hits 52-Week High 4. Earnings 5. Current Trades 6. Closing Thoughts
10:00am (EST) The euphoria wore off quickly as Wall Street started to digest the unemployment numbers. The Dow reached a
TiVo (TIVO, $10.70, up $3.32) shares hit a 52-week high today after a judge ruled that Dish Network (DISH, $15.56,
9:15am (EST) Out with the old, in with the new. Sorta. The Dow managed to extend its May gains with
9:30am (EST) Like cotton on sheep, the bulls are all over the opening bell. The Dow just opened and is
1:30pm (EST) Just wanted to add something to the blog below. The GM June 1 puts (GMVR, $0.61, up $0.07)
9:00pm (EST) Home Depot (HD, $22.70, down $0.63) and Lowe’s (LOW, $19.02, down $0.61) lost 3% after a report showed