MomentumOptionsTrading.com Weekly Wrap for 10/30/11
11:30pm (EST) 1. Market Summary 2. Zoom Technologies (ZOOM) – Zoom or Doom? 3. Molex (MOLX) – Value Play with […]
11:30pm (EST) 1. Market Summary 2. Zoom Technologies (ZOOM) – Zoom or Doom? 3. Molex (MOLX) – Value Play with […]
12:25pm (EST) It has been an incredible week (and month) to say the least, and one of historic proportions which
9:05am (EST) Wall Street was giddy on Thursday after hearing Europe’s long-awaited plan to fix their debt crisis is finally
12:40pm (EST) Futures were pointing towards a jailbreak by the bulls this morning and the market is soaring after Europe
9:00am (EST) We told you in our afternoon update yesterday to expect volatility into the close and it seemed as
1:10pm (EST) Trading has been choppy today as Wall Street hinges on every headline coming from across the pond. There
8:45am (EST) Tuesday’s action showed nervousness by the bulls as they fretted over growing sentiment on Wall Street that the
2:00pm (EST) They say a picture is worth a 1,000 words. Well, in option trading, sometimes a picture is worth
9:10am (EST) The bulls continued their winning ways on Monday following better-than-expected manufacturing data out of China and continued enthusiasm
9:00am (EST) The bulls were riding a 2-week winning streak and looked determined to make it 3-in-a-row coming into Monday’s
1:45pm (EST) The market appeared to be in trouble after Wall Street heard IBM’s revenue miss last night but the
1:00pm (EST) Futures were pointing towards a strong open when we hit the rack last night as it appeared the
9:00am (EST) The bulls came into the week looking to keep their momentum following a test to new 2011 lows
9:00pm (EST) 1. Market Summary 2. Vitamin Shoppe (VSI) – A Vitamin a Day Keeps the Bears Away 3.
2:05pm (EST) The market is on track for its second-straight weekly win as we head into the final hours of
8:45am (EST) It was another mixed session on Wall Street Thursday as the bears took 2-out-of-3. On Tuesday, it was
12:55pm (EST) Now this is what we call the start of earnings season… Third-quarter earnings got underway on Tuesday with
9:15am (EST) It was a great day to be long as we were able to score our 11th straight winning
2:25pm (EST) The talking heads are saying we are off to a disappointing start to the earnings season but obviously
9:00am (EST) We were looking for the bulls to continue their recent momentum and Tuesday’s session turned out well following
12:50pm (EST) After a slow start, the market is mixed as we head into the second half of trading. The
9:15am (EST) The bulls got good news over the weekend as we told you yesterday the eurozone leaders seem determined
1:05pm (EST) Moody’s and Fitch just can’t get enough of the downgrades. Futures were up throughout the night before the
12:35pm (EST) Futures were trading in a tight range ahead of this morning’s jobs data as Wall Street was unsure
9:00am (EST) The bulls won their second straight outing on Wednesday as the market rallied on better-than-expected economic news and
12:35pm (EST) The market got off to a slow start following yesterday’s wild swings as the bears held court for
9:05am (EST) We could tell going into Tuesday’s action there was going to be some scary, downside pressure as futures
1:00pm (EST) The market has traded lower for much of today’s session with the bears picking up where they left
9:00am (EST) September was certainly a month to remember as the market continued its violent swings but stayed within its
9:30pm (EST) 1. Market Summary 2. Microsoft (MSFT) – A “Safe” Covered Call 3. TiVo (TIVO) Facing Stiffer Competition
1:10pm (EST) The bulls are looking to rebound from last week’s selloff and went into today’s session holding a slight
9:00am (EST) The market got off to a good start on Thursday and made a quick run to resistance before
12:45pm (EST) Futures were strong throughout the night and this morning as they were pointing towards a slightly higher open
9:00am (EST) (Subscribers, make sure you check the Members Area this morning for the 5 charts we are profiling. There
1:55pm (EST) We wanted to update you on the Research In Motion (RIMM, $22.34, down $0.31) story we broke for you
9:00am (EST) The market extended its winning streak to three straight on Tuesday as the news from across the pond
2:00pm (EST) The bulls continue their push higher on hopes Europe may be making progress in dealing with its debt
9:00am (EST) After a slow start, the bulls made a quick check on resistance but waited for the perfect moment
12:50pm (EST) Futures were pointing towards a strong open this morning on word the International Monetary Fund (IMF) was preparing
9:00am (EST) The bears were looking to extend their winning streak to 5-straight sessions on Friday but the bulls got
1:00pm (EST) History was not on the bulls’ side this week but it’s amazing how sentiment can change on a
9:00am (EST) September is quickly becoming a month to remember as the volatility continues. Yesterday’s action was all about the
1:15pm (EST) We have been warning of volatility for weeks and we mentioned in our Weekly Wrap on Sunday night
9:00am (EST) The market got off to a good start on Wednesday but we didn’t think the bulls had enough artillery yesterday
9:00am (EST) The market ended flat on Tuesday despite a strong run by the bulls to resistance as Wall Street
1:15pm (EST) We are short on commentary today as we have been extremely busy this morning. We have added 2
9:00am (EST) The bears got their first win in more than a week after winning Monday’s session from start to
9:00am (EST) Years ago, it was rare for investors or Wall Street to watch the global market or currencies because
8:00pm (EST) 1. Market Summary 2. Carrizo Oil & Gas (CRZO) – A Long-term Buy 3. Covered Call Options/ Special
9:10am (EST) The bulls made it 4-in-a-row following Thursday’s break past resistance after the U.S. Federal Reserve and the ECB (European
9:10am (EST) The bulls kept their momentum for the week to win their third straight session as the bears retreated to
2:00pm (EST) The bulls are trying to extend their rally for a third day and have pushed past resistance following
9:05am (EST) The bulls scored another victory over the bears on Tuesday for their second straight win in a choppy session
1:00pm (EST) Futures were pointing to a lower start this morning amid ongoing concerns about Greece and Italy but started
9:00am (EST) The bulls were held hostage to start Monday’s session as the bears quickly used their momentum from Friday
1:50pm (EST) Futures were weak for much of last night and throughout the morning which lead to a lower open
9:00am (EST) The bears went into the shortened holiday week with a little momentum from the previous week and used
11:00pm (EST) 1. Market Summary 2. NetEase.com (NTES) a Good Play on China’s Online Gaming Boom 3. Vivus (VVUS)
12:45pm (EST) We knew the bulls would have trouble advancing the market today but we thought they had enough left
9:00am (EST) The market was weak for much of Thursday’s session as the bears took advantage of some nervousness to push the major
1:20pm (EST) Get your popcorn ready. The circus started last night as the GOP Presidential candidates talked to America about
9:00am (EST) When I get to the bottom I go back to the top of the slide Where I stop
1:05pm (EST) Futures were strong throughout the night and into this morning which lead to a sharply higher open. The
9:00am (EST) The bulls and bears each had their 15 minutes of fame on Tuesday but it was the grizzlies
1:05pm (EST) The selling pressure from Friday has carried over into today’s session as Wall Street gets back to work
9:00am (EST) The bulls started last week strong as they pushed the market higher by 2%, on average, after riding
1:35pm (EST) The overseas markets were anticipating a weak jobs report last night as most of the indexes started their
9:00am (EST) The bulls gave up some ground ahead of this morning’s headline news so let’s go over the numbers
1:35pm (EST) The market held up well following the jobs data before the bell and caught a bid after better-than-expected
8:45am (EST) The bulls ended August with a win as they extended their streak to four straight sessions and 7-out-of-8 after saying
9:00am (EST) Following a strong rally past resistance on Monday, we figured the market would pull back a little to test
8:40am (EST) After getting their first weekly win in a month, the bulls were anxious to keep the ball rolling
9:00am (EST) The bulls were holding a nice lead going into Friday’s session as they were looking for their first
12:25pm (EST) There was a lot of tension heading into today’s speech by Federal Reserve Chairman Ben Bernanke as the
10:10am (EST) It appears as though Ben Bernanke’s speech is not impressing Wall Street. We will give you the details
9:05am (EST) When we went over the charts in our Weekly Wrap for the major indexes on Sunday, we knew the market
1:30pm (EST) We mentioned on Tuesday we could be nearing a bottom for Financial stocks and it seems Warren Buffet
9:00am (EST) The bulls were looking to extend their winning streak to 3 sessions on Wednesday and did so by the
2:00pm (EST) Futures were weak in overnight trading and when the overseas markets opened this morning for trading after the
9:10am (EST) It was a crazy day at the office to say the least and we topped it off by
1:30pm (EST) No one knows when the Financial stocks will bottom and we doubt we have seen the lows for
9:00am (EST) The bulls got off to a strong start on Monday following decent gains from the overseas markets but
12:55pm (EST) The market is getting a lift today as the bulls push resistance following a 4-week losing streak but
9:00am (EST) Chalk another week up to the bears, as weak economic news and less-than-stellar earnings continued to weigh on
1:30pm (EST) The market has traded on both sides of the ledger today as the bears were able to push
9:10am (EST) The bulls got rocked on Thursday following a selloff around the globe as Europe’s troubles made headlines again.
1:35pm (EST) Futures were pointing towards a weak open here at home when the overseas markets opened this morning and
9:00am (EST) The bulls were enjoying early gains on Wednesday as they tried to crack another level of resistance but
2:10pm (EST) The bulls were motivated to start today’s session higher following Tuesday’s setback and quickly gained the momentum to
9:00am (EST) The market spent all of Tuesday in negative territory as the bears finally got back in the win column following
1:00pm (EST) The bulls were behind the 8-ball this morning as the bears broke first to start today’s trading session.
8:40am (EST) The bulls started off the week in rally mode as they powered the major indexes past their first level
1:40pm (EST) The bulls are looking to extend their winning streak to three straight sessions and have a pretty good
9:00am (EST) Down, up, down, up, up, bears win. That pretty much sums up last week’s action in the market
1:50pm (EST) The bulls are trying to finish the week with a bang but still have some work to do
1:30pm (EST) The bulls are holding their gains and are pushing the market higher as we head into the second
9:05am (EST) The theme on Wall Street continues to be volatility and Wednesday it was the bears’ turn to go
1:45pm (EST) The market continues to see-saw as Europe’s woes came back in focus today on the possibility of a
9:00am (EST) Although there was volatility on Tuesday, the bulls bounced back in a big way despite the bears best efforts