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Friday, January 6th, 2012
12:55pm (EST)
The market is following much of the week’s current trading pattern by opening lower and working its way back to even as we enter the second half of trading. We will go over the jobs numbers in our Weekly Wrap and the other happenings on Wall Street but we have too much to talk about it our Members Area as we set up our New Trades with targets and stops.
This morning’s weakness, hopefully, created a nice buying opportunity as we watched support stick like glue. We took advantage of the dip to open a bevy of new positions that have gotten off to a nice start.
We also have a busy weekend as well as we are going to try to get a video out for you that will cover our new trades, where the market is, and a look ahead at 4Q earnings which start next week.
Folks, if you really want an option education and you want to learn how the market rolls then you really should consider the upgrade to our 1-year deal. Remember, you can get our Daily and Weekly for an incredible deal and you will also receive our option trading manual, How to Trade Options on Momentum Stocks, which includes ongoing videos, at no cost (an $899 value!). These videos have been a big hit with our subscribers and we have gotten many comments on how much better they see the market and our trades. We also cover trades that aren’t in the newsletter as we show our subscribers how to “think outside the box”.
Our goal is to make YOU a great option trader as you learn from us. The option courses you see the suit-and-ties selling for thousands of dollars are a joke which is why we wrote a real option trading manual which includes a Momentum Options Watch List for hundreds of stocks to help get you organized. The special offer will only last thru this weekend. We realize many of you are just getting back from the holidays and back into the swing of things so we extended the offer for another week. The information you learn will last you a LIFETIME and you can use to play the market whenever you feel like it.
We continue to feel a push higher to resistance and the July highs will come but we are cautious. It’s kind of like riding a roller coaster but now that we have gotten through a few profitable trades to start 2012, the ride is just getting started.
As we head to press, the Dow is down 20 points to 12,395 while the S&P 500 is off by a point to 1,280. The Nasdaq is up 9 points to 2,678. Subscribers, check the Members Area for the updates and we hope to see the rest of you Sunday night. Until then, have a great weekend everyone!
Tags: call options, Momentum stocks, option trading course
Posted in Market Analysis, Market Commentary, Trade Update, Trading Psychology | Comments Off
Wednesday, December 14th, 2011
1:20pm (EST)
It has been an “all bears” week so far as the market continues to slide on a falling euro and rising Italian bond yields. The global markets are still unimpressed with Europe’s efforts to stem their debt crisis which forced Italy to pay a euro record high yield of nearly 6.5% to sell five-year notes.
The bulls continue to give up ground and today has been a full fledge breakdown as commodities like copper and gold are also tanking.
Gold is often considered a safe haven and has rallied on market pullbacks throughout 2011 but that trade is no longer working. We don’t trade as much as we use to in the sector and we were right earlier this year when we said gold would run to $2,000 an ounce before pulling back.
The yellow metal reached a peak of $1,923 an ounce in September but is at $1,582 an ounce today, down $80. Gold’s 200-day moving average (MA) is currently at $1,614 and we wouldn’t be surprised to see a test down to $1,450 before a rebound. However, if this level holds, gold could be a buy at current prices.
We came into the week expecting a pullback but we also held out hope on the Fed which we thought could sprinkle a wrinkle on new stimulus measures to offset the effects of the European crisis – but that didn’t happen.
The good news is we are right near the support levels we have outlined at the beginning of the week which is create a buying opportunity for either calls or put options. We have averaged nearly 3 trades a week for 2011 but we have only opened 3 trades since the beginning of the month.
We also have some older positions from the massive profitable run that we had from August through the end of October. We closed 44-out-of-52 winning trades but we will have a few positions expiring this week that will likely make this 44-out-of-60 winning trades.
Come next Monday, we will only have a handful of trades open, and some of which we have already closed half profits in. This means we will have room up to 10-15 trades and the market should be exactly where we want it to be.
We have been building our Watch List with both calls and puts and we are looking at January, February, April and June options. There is still a massive move coming and we will see the Dow at 11,000 or 13,000 come the end of January. We are still favoring calls because we are still bullish and the put options have gotten EXPENSIVE which is another reason we have sat on the sidelines.
We said in early November when the market reached resistance we could have a pullback and since then we have been in a 4-week trading range. This is exactly how the market acted in July and August before the huge rally back to the top.
This time, we could either follow the same pattern and surge higher over the next 30 days – or – the market could test its August lows.
The Dow is currently at 11,859, down 95 points, while the S&P is off 10 points to 1,215. The Nasdaq is showing a decline of 38 points and is at 2,540.
Subscribers, pay close attention to this morning’s Watch List and we will be adding a few more candidates tonight as possible breakout or breakdown plays. Stay locked and loaded and get the wheelbarrow out because we plan to make you some bank.
Tags: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Market Analysis, Market Commentary, Trading Psychology | Comments Off
Thursday, December 1st, 2011
9:00am (EST)
“Whatever method you use to pick stocks (or options)…your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed. It isn’t the head but the stomach that determines the fate of the stock (or option) picker” – Peter Lynch with help from us
When we said in August that volatility would be here for a while, we weren’t kidding. In November, we reiterated that statement and said we could see even bigger price swings in the market. Now do you believe us?
Following last week’s debacle to the downside, this week’s surge has erased all of those losses, and then some, after a number of positive developments hit Wall Street before the bell on Wednesday. The Dow futures lit up like a Christmas tree at the crack of dawn after being down triple-digits overnight. The bad dream we had of a market crashing because of the Keystone Kops in Europe disappeared once we woke up. Whew! What a relief! Big Ben saves the day again.
The bulls went ballistic after the announcement by the global central banks to strengthen the existing “swap lines” which will allow them to provide dollars to domestic banks as needed. You can bet Ben Bernanke had a smile on his face after the suit-and-ties learned the Federal Reserve, along with our good neighbors, Canada; and England, the ECB, Japan and Switzerland were acting together to strengthen the existing swap lines…(read more)
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If you are not a subscriber but would like to read more and check our chart work for the Dow, S&P 500 and the Nasdaq please click here. We are one of the fastest growing stock options trading advisors on the internet. We offer powerful call and put option trades aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Sign-up now and receive access instantly!
Futures are flat as we head to press. Dow futures are down 16 points while the S&P futures are down 2 points. The Nasdaq futures are up a point. Subscribers, check the Members Area for the trade updates.
Tags: binary options, call options, futures options, high beta stocks, Hot stocks, momentum options, Momentum stocks, option market, option tips, options, options mentoring, options trading, options trading course, stock market options, weekly options, what are options
Posted in Market Analysis, Market Commentary, Trading Psychology | Comments Off
Monday, November 28th, 2011
9:00 (EST)
The market continued its recent slide as the bears had their best bull feast in nearly 80 years as Wall Street fell 5% last week. The recent selling pressure became much more serious as all of the indexes fell below their 50-day moving averages (MA) with the bears stretching their winning streak to seven-straight sessions.
The headline news read like a Vegas betting parlor as a number of European countries face further risks of defaulting. Germany was the latest country which showed a chink in the armor after trying to raise $6 billion euro but was only able to raise a little over half of it. Spain also went to the well and was successful in its bond auction but the yields came at a hefty price. Italy faces a huge crisis in 2012 if they can’t raise more dough, and they are trying, but it’s costing them an arm-and-leg.
The news here at home continues to come in better-than-expected and this week will be big with a number of month-end reports due out. As far as the charts, they have been stretched which often happens when headline news trumps the technical picture. The bears have clearly had the advantage and at some point there will be a rebound but until Europe can figure out its mess, the market will be held hostage.
The Dow slipped 26 points, or 0.2%, to finish at 11,232 on Friday’s shortened session. We went into the week looking for 11,600 to hold but that level was taken out on Monday. Our next downside targets were 11,400 and then 11,200, which held, but there is risk down to 10,800 this week if current levels don’t hold. If the bulls can get past 11,400 (black line, purple circles) then they could make a run back towards 11,600 and then 12,000 but the news has got to be awfully good. For the week, the Dow dropped 564 points, or 4.8%, and is now down 346 points, or 3% YTD…
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If you are not a subscriber but would like to read more about where the market is headed and to take a closer look at our chart work along with our current trades, please click here. Since early August we have made 48 recommendation, both calls and puts, and have hit on 40 out of 48 trades for a winning percentage of over 80%! Some of our recent winners include:
+169% on Joy Global (JOYG) call options in 2 days
+137% in Research In Motion (RIMM) put options in 3 weeks
+130% in Spreadtrum Communications (SPRD) call options in 4 weeks
+164% in FedEx (FDX) put options in 6 days
+184% in Goldman Sachs (GS) put options in 5 days
+191% in O’Reilly Automotive (ORLY) call options in 17 days
+100% in VMWare (VMW) call options in 4 days
We are one of the fastest growing stock options trading advisors on the internet. We offer powerful call and put option trades aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Sign-up now and receive access instantly!
Futures are pointing towards a strong start for today’s session and look like this: Dow (+255), S&P 500 (+34), Nasdaq 100 (+53). We recommended 4 new trades on Friday and after two weeks of being patient and building new positions, hopefully we get the surge we have been expecting. Subscribers, check the Members Area for the updates.
Tags: Dow, Momentum stocks, stock options trading advisors
Posted in Apple, BioTech, China, Commodities, Company Commentary, Covered Calls, Earnings, Economic News, Entertainment Stocks, European Union (EU), Financial Stocks, Futures, Gold, Google, Hot Stocks, IPOs, Market Analysis, Market Commentary, Mergers and Acquisitions, Money Management, Oil, Option Trades, Rick's Account, Sectors, Stock Earnings, strangle option trades, Trade Update, Trading Psychology, Trading Tips, Uncategorized, VIX, Watch Lists, Yahoo / Microsoft | Comments Off
Tuesday, October 4th, 2011
1:00pm (EST)
We have a mixed market and we may have hit a temporary bottom. We could see a dead-cat bounce today but we aren’t worried. We have locked in profits and set HARD STOPS on the other half of our positions.
We have been sleeping weird hours over the past few weeks as we try to get a read on the overseas markets while at the same time trying to see how our markets will react to the bevy of news that continues to embellish Wall Street. It has paid off.
We have often said trading is for the long haul and since we have started Momentum Options, we have never had a losing year. At times, trading ranges and headline breaking news have whipsawed us out of positions but overall we continue to cover the market’s moves like grass on dirt.
We often get asked why some years were better than others but here is the bottom line. Choppy markets are hard to trade and all we try to do is stay even by playing calls and puts. Trending markets is when we make our bank and we usually trade more contracts than usual because a clear trend is in place. Over time, we have winning streaks and losing streaks but when we tell you a TREND is in place, we usually stay hot.
With the market coming down to our next wave of support targets, there is still more downside risk, but we are also seeing GREAT setups for future CALL option trades.
We will cover more tomorrow but for now we have to roll.
As we head to press, the Dow is down 67 points to 10,588 while the S&P is up 3 points to 1,102. The Nasdaq is higher by 30 points to 2,365. Subscribers, check the Members Area for the updates and more Profit Alerts! We may also release a NEW TRADE today so stay tuned…
Tags: bears, blue-chip stocks, bulls, Dow, Dow quotes, gold quotes, momentum, momentum options, Nasdaq, option mentoring, option trading course, RIMM’s earnings miss, S&P 500, VIX
Posted in Trading Psychology, Trading Tips | Comments Off
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Bulls Looking for Weekly Win
Friday, January 6th, 2012
12:55pm (EST)
The market is following much of the week’s current trading pattern by opening lower and working its way back to even as we enter the second half of trading. We will go over the jobs numbers in our Weekly Wrap and the other happenings on Wall Street but we have too much to talk about it our Members Area as we set up our New Trades with targets and stops.
This morning’s weakness, hopefully, created a nice buying opportunity as we watched support stick like glue. We took advantage of the dip to open a bevy of new positions that have gotten off to a nice start.
We also have a busy weekend as well as we are going to try to get a video out for you that will cover our new trades, where the market is, and a look ahead at 4Q earnings which start next week.
Folks, if you really want an option education and you want to learn how the market rolls then you really should consider the upgrade to our 1-year deal. Remember, you can get our Daily and Weekly for an incredible deal and you will also receive our option trading manual, How to Trade Options on Momentum Stocks, which includes ongoing videos, at no cost (an $899 value!). These videos have been a big hit with our subscribers and we have gotten many comments on how much better they see the market and our trades. We also cover trades that aren’t in the newsletter as we show our subscribers how to “think outside the box”.
Our goal is to make YOU a great option trader as you learn from us. The option courses you see the suit-and-ties selling for thousands of dollars are a joke which is why we wrote a real option trading manual which includes a Momentum Options Watch List for hundreds of stocks to help get you organized. The special offer will only last thru this weekend. We realize many of you are just getting back from the holidays and back into the swing of things so we extended the offer for another week. The information you learn will last you a LIFETIME and you can use to play the market whenever you feel like it.
We continue to feel a push higher to resistance and the July highs will come but we are cautious. It’s kind of like riding a roller coaster but now that we have gotten through a few profitable trades to start 2012, the ride is just getting started.
As we head to press, the Dow is down 20 points to 12,395 while the S&P 500 is off by a point to 1,280. The Nasdaq is up 9 points to 2,678. Subscribers, check the Members Area for the updates and we hope to see the rest of you Sunday night. Until then, have a great weekend everyone!
Tags: call options, Momentum stocks, option trading course
Posted in Market Analysis, Market Commentary, Trade Update, Trading Psychology | Comments Off