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Wednesday, December 30th, 2009
11:40am (EST)
Two more trading days…
Folks, that is all we have left as the market winds down to a close for 2009. Actually, make that one more day or 8 more hours. We have a little over fours hours in today’s session and the market will close early on Thursday for New Year’s. We will be extra busy bringing you updates today and tomorrow as we have a number of positive trades that will either be closed to lock in profits or carried over into 2010 for tax purposes.
As far as the current market, the bulls are struggling to gain any momentum as the bears seem to be hanging around to ruin the party. The Dow is down 9 points to 10,536 while the S&P 500 is off by 2 to 1,124. The Nasdaq is lower by 6 to 2,282.
We had a chance to take a look at the Casino stocks this week up close and in person and they have been flat for a month. For instance, Las Vegas Sands (LVS, $15.04, down $0.25) has traded between $15-$16 after making a high of $20 in September. Yes, even a “mini-vacation” turns out to be work for us but it’s all good. We love our job!
We talked to a number of people in the casinos and in the restaurants. We talked to taxi cab drivers, boardwalk taxis (the ones on the bikes) and even the maids to see how business was doing. Oh yeah, there will be a trade for us in 2010…trust us.
Elsewhere, we got to check out Avatar in a REAL Imax (IMAX, $13.33, up $0.36) movie house and we are speechless. Maybe it is an omen…the stock is at another 52-week high today. Of course, that has meant good news for our current subscribers and those of you who have joined us in over the past few weeks.
As far as the trade updates, we are working on those now. We will be back shortly with another market update and a fresh outlook but we wanted to let you know we are back in town. We got back to the office at exactly 9:30am this morning after all night of traveling which is why we didn’t post at our usual 9:00am update this morning.
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 Company Commentary, Hot Stocks, Market Commentary, Watch Lists | Comments Off
Tuesday, December 29th, 2009
11:30pm (EST)
Folks, we are traveling tonight and may miss the opening bell on Wednesday. We will be back for the 1pm daily market wrap on Wednesday but we wanted to give an update on our current trades tonight.
We are showing three TRIPLE-DIGIT winners and we wanted to update our targets for the trades. Current subscribers, please check the Members Area for tonight’s Special Report.
Posted in Hot Stocks | Comments Off
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
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The Boys Are back In Town
Wednesday, December 30th, 2009
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 Company Commentary, Hot Stocks, Market Commentary, Watch Lists | Comments Off