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Posts Tagged ‘Nasdaq’

Bulls Pushing Green

Tuesday, February 7th, 2012

1:20pm (EST)

We have been super busy today as you can tell so we have to be short with our update as we want to get our subscribers inside our Members Area.

After a slow start, the market is still trading within a tight range but is higher as we head to press.

The Dow is up 30 points to 12,875 while the S&P 500 is higher by 2 points to 1,346.  The Nasdaq is showing a pop of 4 points to 2,906.

We have action to take on 2 more trades today, one is a 200% winner and we are taking half profits in another trade that is up 50%.  We told you we would be filling up the wheelbarrows again in February so let’s go take some more profits.

We will be back in the morning with a full briefing and it’s a great time be trading, folks!

Market Mixed at Halftime

Wednesday, January 11th, 2012

12:40pm (EST)

The market has spent much of today’s session in negative territory but Tech is showing strength as we head into the second half of trading.  The S&P and Dow are off their lows and are trying to join the Nasdaq as the bears are looking to slow down the bulls momentum into the close.

Tech is showing strength despite Microsoft (MSFT, $27.87, up $0.03) saying PC sales were off about 1%.  Our subscribers recently closed a Microsoft January call option trade for a 124% return and we recommended rolling some of the profits into some longer-term options. 

Shares appear headed to $30+ as the slight pre-warning ahead of next week’s earnings announcement doesn’t faze us.  Microsoft should easily beat analysts’ estimates which is what we are hoping for at least.   

While Wall Street is on lunch break, we see an opportunity to add another option trade.  We have been watching a put position on a stock that has been on our Watch List and we feel a breakdown is coming.

As we head to press, the Dow is down 46 points to 12,416 while the S&P 500 is off 3 points to 1,288.  The Nasdaq is higher by 3 points to 2,705.  Subscribers, check the Members Area for the NEW TRADE and for the updates on our current trades. 

Bulls Pushing July 2011 Highs

Tuesday, January 10th, 2012

1:30pm (EST)

We have our fingers in a lot of pies so we have to keep today’s afternoon commentary short.

Futures were pointing towards a nice pop at the open which was enough to push the major indexes right up to our near-term targets.  We are still waiting for confirmation of a “breakout” to our upper-end targets but today’s move has generated some nice profits for us either way.

The Dow is up 65 points to 12,457 while the S&P is higher by 10 points to 1,291.  The Nasdaq is advancing 23 points and is at 2,699.  Tech has kissed 2,700 after trading to a high of 2,712 so let’s see if it holds as we enter the second half of trading.

We have been super busy this morning after releasing a New Trade and closing half of another to take profits of 90%.  Some of our other positions are showing strong 30%, 40% and 50% gains so we are also getting close to locking in profits for those trades as well.  As we head into the back half of the week, these trades could approach triple-digit returns if the bulls can keep the rally going.

Although our foot is on the gas pedal, we still want to close a few positions into strength in case there is a curveball or pullback after the run up to resistance.

Subscribers, check the Members Area for the updates and stay locked-and-loaded.  We may have some action to take later this afternoon.

Can’t Keep a Good Bull Down

Tuesday, January 10th, 2012

9:00am (EST)

The bears tried their best to keep the bulls underwater but the market continued to bounce off its lows into the second half of trading to finish in positive territory on Monday.  Sentiment improved once the European markets closed and we face a few obstacles this week with some of their debt offerings but the market got off to a good start with Wall Street clearly focused on 4Q earnings.

The Dow added 33 points to close at 12,392 but reached a high of 12,409 which was all we were looking for after the open.  The S&P 500 gained 3 points to end at 1,280 and kissed 1,282 on the cheek while the Nasdaq chipped-in with a 2 point pop to finish at 2,676. 

We had some sweet pin action yesterday with a few of our trades and we have been giving you some nice option tips to start 2012 to get you on board.  There are a lot of traders waiting for a pullback because we told you many of them took the last 2 weeks off in December and now they are trying to play catch up. 

The Nasdaq jumped 43 points on the first day back to close at 2,648 and we said if Tech got over 2,650 things could get exciting.  The close above 2,675 means the suit-and-ties and professional money managers have already missed 3% to the upside and could be chasing if the index breaks 2,700.

Alcoa (AA, $9.43, up $0.27) said some good things last night after the bell despite posting a loss for the quarter – its first in nearly a year – on lower aluminum prices.  The company reported red ink of $191 million, or 18 cents a share, versus last year’s profit of $258 million, or 24 cents a share.  Aluminum prices were down 12% in the fourth-quarter and nearly 30% from its April 2011 peak which hurt Alcoa to some degree.

The devil-in-the-details is that Alcoa took a one-time charge of nearly $160 million to shut-down some of its smelting operations which will help the bottom line over the long-haul.  Otherwise, Alcoa would have checked in with a loss of 3 cents a share.  Analysts had forecast a loss of 2 pennies a share.

The company did beat on revenue estimates, $6 billion versus a forecast for $5.7 billion, which was the best part.  Alcoa also said global demand should grow by 7% this year which was ahead of the 6.5% that had been projected.  In early action, shares are up 32 cents to $9.75.  

Futures are showing a BIG open and look like this:  Dow (+119), S&P (+14), Nasdaq (+24). 

We will likely have another busy morning so stay on your toes for possible Profit Alerts or New Trades if our targets are hit or we see something else we like.

Subscribers, check the Members Area for the updates.

Add Another Headline Worry

Wednesday, December 28th, 2011

12:20pm (EST)

Now we know why we learned World History in high school.

After a decent start, the market is pulling back on fears of a possible US conflict with Iran.  Tensions have been rising for a few weeks over Iran’s threat to shut down the Strait of Hormuz which happens to run 15 million barrels a day of oil through its waters, or one-fifth of the global production. 

The country has been moved to the top of the global sanctions list due to its thirst for nuclear weapons and said shutting down the Strait would be easier than drinking a glass of H20.  The US fired back (possible future pun intended) by saying no way Jose and will take action if Iran attempts to block the 4-mile width passage.

The US has been trying to, ah what’s a good word, “conform” Iran for decades and this threat of war shouldn’t be taken lightly.  We aren’t worried about the outcome of who would “win” a war because it is never a good thing but the fight would be swift and Iran would suffer terribly.  We are more worried about Iran’s hunger to build a nuclear weapon and the fact that oil could double to $200 if shots are fired. 

Let’s hope it doesn’t come to battle and cooler heads prevail but this could get ugly.

As far as the impact on the market, the bears are pushing support after the bulls ran the indexes higher at the open.  However, once the US/ Iran news started making the rounds on the business channels, stocks pulled back.  War doesn’t necessarily mean the market will automatically go lower and there our other countries who share our same interest in keeping the Strait open.

As we head to press, the market is near its lows.  The Dow is down 133 points to 12,157 while the S&P 500 is off by 14 points to 1,250.  Both indexes have slipped below their 200-day moving averages.  The Nasdaq is showing a decline of 30 points to 2,595.

We have some more profits to take in case the pullback gets worse but we are looking for support to hold.  Subscribers, check the Members Area for the updates.

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2012 Closed Trades:
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2008 - 2010
Track Record
94.05%
73% winners
Results are NOT compounded.

Request our detailed Track Records which are updated in our Members Area. As soon as you sign-up for a subsciption, you will have access to all open and closed trades for 2011 and past years.

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Trader Comments:

    REGINA L.
    I just want you to know that I love the way you write and explain everything. I am new to this, and have lost 50% of my account until I met you guys. Iit is slowly coming back. I will be calling to set up a year
    of membership rather than the one quarter. Thanks again, and LOVE YOU ALL.

    STEVE T.
    Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help.

    SCOTT H.
    Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide.

    PETER G.
    Rick & Team, GREAT Call on NKE for my two trading accounts:
    1) Entry at .65, out at 1.45, 1.55 Profit = $415
    2) Entry at .60, out at 1.75, 1.50 Profit = $485

    LAWRENCE O.
    Hey Rick! Here is an update on what your picks have done in my accounts.

    1) Great call on the JoyG March 55. I bought when you said, then bought again on one of the dips. Booked 80+% profit. Made enough to pay for your service for years to come.

    2) Also booked profits on your Berk Feb 74 (80%) and threw a major chunk of change at the March 75’s (190+%). I would have never known that Buffet's stock had split if it weren’t for your service. Bought the shares also for the long haul. Won’t look at them for another 20 years. Great job on getting us in before the indexes did.

    3) Took profit on your Imax March 12.5. 20 cent trailing stop at 1.90 yesterday. Not sure what the profit on that was, but profit is profit.

    I see that you took a loss on some of these. It’s all good. I look to trade your “ideas” not your exact calls. I THANK YOU! For your ideas and commentary. Keep up the good work. And keep those ideas coming.

    C.J.
    Loving this subscription so far! I got into the BRK feb 76 calls the day you talked about right before the split...now up over 300% (0.70 to 2.475)! Keep the good picks coming and let's see some OSIS and EMC upside soon! Just wanted to share my positive enthusiasm on your newsletter...it gives us individual investors great ideas on not only the options market, but also the broader equity market! Case in point is BRK...I can't always read the breaking business news but its easy to read your twice daily updates on my smartphone...helped me get some BRK shares immediately after the split which I will hold for the long haul! Thanks again!

    SHAUN
    Aloha Rick - Thank you so much for the great CL pick. I am not sure if there was buy-out/merger news or what but at 3PM today Colgate-Palmolive absolutely EXPLODED to the upside, and my calls turned into green candy when they went from 1.40 to 3.8 in a matter of seconds! I even sold a few for over 4.0! Much thanks and keep the solid picks up my friend, honestly. Only a fool would scoff at 267% gains... Peace!

    MICHAEL K.
    I like the fact that you ask for comments from subscribers. Good customer service. By the way, am enjoying the service so far. Some good
    profitable calls. Keep up the good work.

    PARAG P.
    Woo hoo! Out for 50% on WMT this am. Making up for my depression for getting out of pcln for a 30% gain monday :( you the man! any word on the manual? My friend Mike ( who I sent to your service) told me he emailed you about your integrity in reporting fills. I echo that sentiment big time.. keep it up! Cheers!

    JAY P.
    Hi Rick, as a new member all I can say is, 'show off' LOL, with PCLN.

    MIKE
    Rick, I am a new subscriber to your service, and I want to say I am impressed. I am impressed by your results, but more than that I am impressed by your reporting of your fills. You could have easily said you got that Wal-Mart call today for 80 cents, instead you reported 98 cents! Good job and keep it up, I watched the reporting of the fills first, and then I subscribed. Thank You.

    TRISH D.
    Hi, good morning. I jumped the gun a little on this one (PCLN). But still made $1,675.00 profit!! Very happy!! Keep up the good work!! Thanks.

    MIN L.
    Hi there, I have joined recently, and I am very happy to tell you that I am up over $10,000 on your picks in a month. I started on 10/7 with the Intel pick. I'll be your member for life. Please don't quit on us. Also, I am learning a lot about options. I didn’t get in your recent APOL and that gold trade and only had one loss on CHK. I appreciate all the DD you do. I enjoy your market commentaries. Best advice site period, and I have tried a few here and there. Again, you guys rock!

    JOE G.
    Thanks be to Momentum Options Trading for providing me with some fantastic wins. I just started with this service and am up nearly 50% in less than a month. There have been losses, but if I manage them properly, I will continue the best efforts given on the blog (in which there are no complaints). What a great cause for humanity. I feel more confident about my trades and continue to play the wins. Best of all, I am now keeping my regular paychecks in the bank! Thank you!

    GREG F.
    Rick - I wanted to say thanks for getting me started on the right foot with your service. I have made six trades since starting on October 22, 2009. Five are winners and One loser netting me $6,245. Thanks again and keep the trade recommendations coming.

    NOEL
    I got into the Nike 60 Call at 1.85, sold at 5.00, also bought a 55 put at 1.05, but got stopped out at .35. What a ride! $2830.00 in the black even with the put. It's right at 100% return. I hope earnings season coming up is going to look like this trade.

    TODD F.
    Nice call on Nike. I think I'll go buy a pair with my profits! : ) I did the straddle for safety but still made 62% on the trade. Not bad for less than 24 hours. If Goldman is right, then the Nov 70s or 75's could be a steal today.

    PAUL H.
    What a sweet way to get introduced to Momentum. My first trade based on your picks and it a 2X. Thank you!

    NOEL
    “Limit order was set at 1.60 on RIMM so it sold. I may have left some money on the table but you can't go broke making a profit. That was a fun trade. Thank you. Good call. I’ve been watching and trading Rick's advice since March. It’s usually a fun ride, but I give him heck when it's wrong to. :) ”

    CHRISTIAN
    “Your service rocks! I made bank on Dendreon last week! The other thing I have to say is that it took me quite a while to find a REAL options trading service like yours. Most of what’s out there is 99% scam and very sketchy. Momentum Options Trading is the first service I found that I can trust and seriously make money with.”

    JOHN
    “I made $420.00 on ANF in 2 days. Thanks for the trade and updates on getting out of the trade.”

    CHARLES M.
    “I did follow a lot of your trades with 1-2 contracts per trade and YTD I’m up 108%. I try not to follow blindly by not entering all of your trades and sometimes entering the ones you don’t. I entered AIG a few weeks ago against recommendation – that one hurt.”

    BRYAN C.
    “I have been following you for several months and am interested in the new service. I hate to see the free service go away but as they say, “all good things must come to an end”. My ability to join will be greatly influenced by the monthly fee so I’m very curious to see the new prices. Thanks for making April a great month for me and my family.”

    JOHN H.
    “I have really enjoyed the past month since finding your blog. You have made some great calls. I would appreciate info. on the new options mentoring program. Thanks.”

    JEFFREY
    “Hi Rick, I have been following your blog for several months now and I would like to be including on the list for your new service and to receive more information about it. And yes I was a Dendreon winner with your tips. Turned $280 into $7700, and literally saved my butt.”

    ED
    “I made over 6k on your Dendreon trade, and I’m very interested in learning how you pick and trade options. Sign me up.”

    GREG
    “Rick – Wow what a day! I got in at the Dendreon calls at $2.25. Thanks to for your advice. I appreciate that. This company has a lock on this type of therapy and no one else in the world is close. Kind of reminds me of the type of companies that Peter Lynch and Warren Buffet suggest that investments be made in. Companies that can build a moat around their business model, that allows them to charge a premium for their product or service. In other words - a monopoly.”

    KEN
    “Hi Rick, Thank you so much for the Dendreon trade, I made almost $10,000 with that trade with a little over $2,000 investment. You have shown me the power of options trading. Again, thank you so much for all your inputs.”

    GARETT
    “Hi Rick, thanks for the encouragement to play the dendreon calls! did freaking great! Got in the first lot at $1.44 on 3-24-09, sold at $2.45, 70% not bad. Bought it back at $2.30 on 4-7-09 closed out on 4-14-09 for 454% gain! Wow! I love it when that happens. So, thanks the encouragement to get back in when others were saying sell, sell, sell. Keep up the good work.”

    TERENCE
    “Rick – Thanks for Dendreon – it has made all the headlines today! I missed on RIMM earlier, but I’ve been holding onto DNDN calls since 3rd week March. Of course today it all paid off today, as DNDN rocketed up.”

    Jan. 31 2012
    Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

    3/18/11
    Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

    2/3/12
    Hi Rick,

    I will start off with a thank you for your time and dedication to all
    the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

    Hi Rick,

    I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
    at finding winning trades. I have attached a copy of the trade from
    my brokerage screen.

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