Recap Momentum Trades of the Week

Despite a lot of volatility this week, our members were able to capitalize on some great returns with this week's Momentum Trades. 

Last Sunday, Eric shared with our members his trading plan on SPY, AAPL, FB and AMD . Let's see how they played out. 

SPY 

We didn't have to wait too long to see this one play out! We were able to score some great returns by entering a swing trade on Wednesday morning when price went below our bearish entry.

Then all we had to do is wait for price to fall to the targets, an easy way to score 94% ROI in just a couple of days. 

AAPL

On Sunday, we shared in our Momentum trades that if Price failed to hold above the 50SMA on AAPL, a quick move down to test its long-term trend support and look for buyers at the 100SMA should be expected. 

And it did! By following the plan highlighted in our Momentum trades, our users were able to lock in 50% return in a single day.

FB 

On Sunday - Eric shared with his members: 

As price remains below long term SMAs and the 50SMA remains below the 200 on the daily I am really only interested in short opportunities here. If we get another move down in markets and FB closes below last week's low and weekly support at 315.43, I'll expect FB to make a swift move down to the targets marked in this chart. 

We had to wait all week for this move but a $10 move in one day is a great day to finish the week nice and green, especially if you missed out on the big Thursday drop. 

AMD 

We shared on Sunday that AMD appeared to be setting up a descending triangle pattern here at this 130.6 support level. 

And once again, with the momentum of the market, AMD didn't fail to hit the targets highlighted in the Momentum trades trading plan netting our users an impressive 80% return. 

Want to know what next week has in stock? 

Sign up for our Momentum Trades for only $39/per month and receive Eric's analysis and trading plan for the week ahead on SPY and 3-5 additional tickers. 

All you have to do is:

1) Receive Eric's weekly watchlist and draw your Momentum Trades levels on each stock on Sunday Night/Monday Morning

2) Wait for the stock to break bullish or bearish entry levels and buy calls or puts when they do!

3) Close the trade for profit at the price targets.

For perspective, only one contract from any of the trades we just highlighted would have covered the cost for the entire year!!