Momentum Options

Mid-Market Update: The bulls are doing their typical Tuesday tap dance higher as the market is once again pushing resistance with the VIX heading south.

Mid-Market Update: We spent a lot of time this weekend thinking about trading ranges and we wanted to get our thoughts out in last night’s Weekly Wrap and this morning’s Daily because it is important.

Mid-Market Update: We have been on point with our daily market commentary as we have been in lock-step with the bulls game plan. After correctly predicting a good start to the week and a little weakness coming into Friday, we figured today would be a tossup.

Mid-Market Update: Wall Street fretted over Apple (AAPL, $566.47, up $41.72) and Facebook (FB, $61.84, up $0.48) but we told our subscribers to hang tight as we heard the bulls playing some Seger into the close (Like a Rock). Whenever that classic is playing, something good always happens.

Mid-Market Update: We mentioned there could be some weakness today or tomorrow following the bulls push past resistance yesterday. As we head into the second half of trading, that theory has played out as the indexes have traded in a tight range but to the downside.

Mid-Market Update: The bulls are pushing and clearing resistance after a number of positive earnings reports have Wall Street in a good mood. M&A has also picked up in recent weeks which is adding fuel to the fire but nothing is a given until we see how today’s close goes.

Mid-Market Update: The day after Easter has been bearish in recent years so any gains today could be considered a bonus. The good news is the following day is usually the best day of the year and Tuesday’s have been good to the bulls, overall.

Mid-Market Update: The bulls are trying to end the week with a clean sweep as we head into the final hours of trading. The market was mixed throughout the morning but the bulls continue to push upper layers of resistance as they try to regain the April momentum.

Mid-Market Update: The bulls are looking to extend their gains and winning streak to 3-straight with another green close. The bears are trying to hold resistance but have done a lousy job and are on the verge of collapsing.

Mid-Market Update: There were a number of earnings option trades we profiled in our Weekly Wrap Earnings section and Daily Watch List for this week. With earnings season just getting into second gear, there will be a bevy of opportunities for quick trades that could return 100% or more on stocks that move 5%-10%.

Mid-Market Update: The bulls needed some positive news ahead of the market open this morning as futures were trading lower throughout the night. The chart work we did from the weekend showed the bulls had some breathing room to work with if there was a lower open but we discussed the importance of the market finishing higher today.

Mid-Market Update: Given the severity of Thursday’s pullback and the way futures were shaping up, it was only natural there would be a continuation of selling pressure coming into the open. The bulls are bending but the bears are having a hard time breaking the next layers of support.

Mid-Market Update: Shares of Bed Bath & Beyond (BBBY, $63.75, down $4.16) are down 6% today after the company posted weaker-than-expected earnings results and lowered its outlook for the current quarter.

Mid-Market Update: Although 1Q earnings season is underway, today’s focus will be on the Fed with the latest FOMC minutes being released at 2pm (EST). After the close, there will be additional zombie talk from both the dovish and hawkish side with Wall Street looking for additional insight into the Fed’s outlook.

Mid-Market Update: Former blue-chipper Alcoa (AA, $12.60, up $0.13) will announce their quarterly numbers after the close today to “unofficially” kickoff 1Q earnings season. The bellwether company is a global manufacturer of aluminum products so the conference call could offer some clues on how the economy is doing.

Mid-Market Update: We spent a ton of time doing chart work this weekend and basically worked all day Saturday and Sunday digging for clues on where the market could be headed over the near-term. We were in the matrix but we never mind doing the homework as it is fun to try and figure out where the indexes could trade to and finding the right options to play on a possible move north or south in a stock or index.

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.

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.

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.

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.

Mid-Market Update: The market has darted in-and-out of positive territory and is currently in the red as we make the turn.

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.

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.