Momentum Stock Options Trading Strategies

Bears Trying to Hold Resistance

Rick Rouse — Tue, 07 Sep 2010 13:03:27 +0000

9:00am (EST) The market is pointing towards a lower open this morning to start the holiday-shortened week on concerns over the health of a few European banks. There isn’t much economic news or earnings releases scheduled to hit Wall Street this week so trading could be tricky. Although news will be light, Wednesday could be pivotal as the [...]

MomentumOptionsTrading.com Weekly Wrap for 9/6/10

Rick Rouse — Tue, 07 Sep 2010 03:55:15 +0000

11:45pm (EST) 1. Market Summary 2. An Introduction to LEAPs 3. What’s Wrong With CBOE? 4. Strangle Trade Update 5. Earnings = = = = = = = = = = = = = = = 1. Market Summary It was another classic battle last week as the bulls and bears pushed the action with Wall Street on vacation. As the [...]

Rally Fades, Market UNDER Resistance Levels

Rick Rouse — Fri, 03 Sep 2010 16:03:33 +0000

12:00pm (EST) Trying to time the market is never easy… It has been a crazy, choppy, volatile market this week, and we warned you of that, but we have pinned the action and right now our research is holding up well. We knew going into yesterday, the market was going to be “flat” although the bulls got a [...]

Bulls Are All Smiles

Rick Rouse — Fri, 03 Sep 2010 13:01:37 +0000

9:00am (EST) We will go over Thursday’s action quickly: The Dow managed to tack on 50 points, or 0.5%, by the close and finished at 10,320. The index went out on its high for the day and resistance of 10,400 held. The S&P 500 added a 10 spot, or 0.9%, and settled at 1,090. The bears were trying to hold the 1,100 level, [...]

Expect a Triple-Digit Dow Move on Friday

Rick Rouse — Thu, 02 Sep 2010 17:31:15 +0000

1:30pm (EST) You can almost feel the tension today between the bulls and bears as the market has stayed in a tight trading range. The major indexes are showing slight gains as better-than-expected numbers on housing and retail have provided the bulls some ammo heading into Friday’s update on employment. The National Association of Realtors said contracts [...]