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Tuesday, December 29th, 2009
12:05pm (EST)
The bulls are trying to take us higher after a strong start but the bears seem determined to end the market’s 7-day streak. It’s still early and we are busy checking the charts.
The Dow is currently up 11 points to 10,558 while the Nasdaq is down by 3 points to 2,288. The S&P 500 is flat at 1,127.
The Conference Board reported consumer confidence rose to 52.9 in December from a revised 50.6 in November as job market pessimism eased and consumers’ expectations reached a two-year high.
Meanwhile, Standard & Poor’s/Case-Shiller said its home price index rose for a fifth straight month in October, edging up 0.4%. The index was off 7.3% from October last year, roughly in line with expectations.
We continue to like all of our current trades and will back in the morning with a full update. We are watching Barrick Gold (ABX, $30.94, down $0.58) but will HOLD our positiosn for another day. We are close to getting stopped out for a small profit but we take another look at the trades. If we do not send an update, we will continue to hold and adjust our stops.
Tags: alternative investments, asset management, blog Wall Street, buying call options, buying put options, financial, financial investment, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, options, options expiration, options trade, options trading, options trading strategies, private equity, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strategies options, the Wall Street, trading, trading option, trading options, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management Posted in Hot Stocks | Comments Off
Tuesday, December 29th, 2009
9:45am (EST)
Folks, we just released a trade update for A123 Systems (AONE, $22.35, up $1.48) which has now DOUBLED. Current subscribers, check the MEMBERS AREA for our comments.
Posted in Hot Stocks | Comments Off
Tuesday, December 29th, 2009
8:50am (EST)
Futures are pointing towards another strong open this morning as the bulls try to make it seven in-a-row. Dow futures are currently up 26 points, Nasdaq 100 futures are higher by 4.5 while the S&P 500 futures are up 3.3.
In pre-market trading, shares of A123 Systems (AONE, $20.87, down $0.20) are at $21.50 and could be active today.
Microsoft (MSFT, $31.17, up $0.17) got an upgrade this morning and is also getting some action. We knew once shares broke $30 and held that a move to $35 could be in the works.
Fannie Mae (FNM, $1.27, up $0.22) and Freddie Mac (FRE, $1.60, up $0.24) got a lift yesterday after remarks that the Treasury could lift limits on financial aid to the companies. It’s hard to get excited in stocks that are at a buck and there is a reason why these two stocks are so cheap…stay away!
We have updated all of our trades this morning and have provided fresh updates. We would love to hang out but the action is in the Members Area, folks. Current subscribers, check for the updates…
Tags: A123 Systems, alternative investments, asset management, blog Wall Street, buying call options, buying put options, Fannie Mae, financial, financial investment, Freddie Mac, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, Microsoft, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, options, options expiration, options trade, options trading, options trading strategies, private equity, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strategies options, the Wall Street, trading, trading option, trading options, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management Posted in Hot Stocks | Comments Off
Monday, December 28th, 2009
1:10pm (EST)
Folks, we have just released a NEW OPTION TRADE for a stock that is making an explosive move today. We think further gains are coming. Current subscribers, check the Members Area NOW for the trade.
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Monday, December 28th, 2009
12:45pm (EST)
The market is trading in a tight today as the Dow has drifted within a 35 point range. Currently, the index is up 11 points to 10,531. The Nasdaq and S&P 500 are also higher by 5 and 2 points, with the Nasdaq standing in at 2,290 while the S&P 500 is at 1,128.
As we expected, volume is light in this holiday-shortened week and traders are looking for clues as to where the market is headed next month. The data we see coming in is pointing towards a higher market but the devil will be in the details.
MasterCard’s Advisors’ Spending Pulse Holiday report indicated shoppers spent a little more this season as retail sales rose 3.6%, compared with a 2.3% drop in the year-ago period. We have been mentioning the battle going on between the retailers and online merchants and both seem to be winning with this big turnaround.
Oil is up 95 cents, to $79/ barrel which is helping energy shares. We are looking for Exxon Mobil (XOM, $69.01, up $0.35) to make a run to over $70 in the next few weeks…
Airline stocks are taking a dive as the U.S. tightened airline security after some idiot smuggled explosives aboard a plan over the weekend. We aren’t big fans of airlines stocks anyway and we rarely trade the sector but this could curtail business travel on lucrative international routes.
AMR (AMR, $7.75, down $0.39), Delta Air Lines (DAL, $11.25, down $0.52) and JetBlue Airways (JBLU, $5.51, down $0.13) are all tanking today. These stocks are probably headed lower but we really don’t see an option trade here.
As far as our other option trades, A123 Systems (AONE, $21.35, up $0.28) has moved into positive territory and we are expecting a run to $24 this week. Meanwhile, General Mills (GIS, $71.46, up $0.51) continues to set 52-week highs. We will be back in the morning with a full update on all of the trades but continue to hold them.
Tags: A123 Systems, airlines stocks, alternative investments, AMR, asset management, blog Wall Street, buying call options, buying put options, Exxon Mobil, financial, financial investment, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, options, options expiration, options trade, options trading, options trading strategies, private equity, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strategies options, the Wall Street, trading, trading option, trading options, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management Posted in Company Commentary, Economic News, IPOs, Market Analysis, Market Commentary | Comments Off
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Market Flat at Halfway Point
Monday, December 28th, 2009
As we expected, volume is light in this holiday-shortened week and traders are looking for clues as to where the market is headed next month. The data we see coming in is pointing towards a higher market but the devil will be in the details.
MasterCard’s Advisors’ Spending Pulse Holiday report indicated shoppers spent a little more this season as retail sales rose 3.6%, compared with a 2.3% drop in the year-ago period. We have been mentioning the battle going on between the retailers and online merchants and both seem to be winning with this big turnaround.
Oil is up 95 cents, to $79/ barrel which is helping energy shares. We are looking for Exxon Mobil (XOM, $69.01, up $0.35) to make a run to over $70 in the next few weeks…
Airline stocks are taking a dive as the U.S. tightened airline security after some idiot smuggled explosives aboard a plan over the weekend. We aren’t big fans of airlines stocks anyway and we rarely trade the sector but this could curtail business travel on lucrative international routes.
AMR (AMR, $7.75, down $0.39), Delta Air Lines (DAL, $11.25, down $0.52) and JetBlue Airways (JBLU, $5.51, down $0.13) are all tanking today. These stocks are probably headed lower but we really don’t see an option trade here.
As far as our other option trades, A123 Systems (AONE, $21.35, up $0.28) has moved into positive territory and we are expecting a run to $24 this week. Meanwhile, General Mills (GIS, $71.46, up $0.51) continues to set 52-week highs. We will be back in the morning with a full update on all of the trades but continue to hold them.
Tags: A123 Systems, airlines stocks, alternative investments, AMR, asset management, blog Wall Street, buying call options, buying put options, Exxon Mobil, financial, financial investment, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, options, options expiration, options trade, options trading, options trading strategies, private equity, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strategies options, the Wall Street, trading, trading option, trading options, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management
Posted in Company Commentary, Economic News, IPOs, Market Analysis, Market Commentary | Comments Off