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Monday, December 28th, 2009
9:00am (EST)
Futures are pointing towards a slightly higher open this morning as the bulls look to continue their recent momentum. Dow futures are up 10 as we head to press, Nasdaq futures are up 4 while the S&P 500 futures are up 2.5.
Apple (AAPL, $211.50, up $2.46) and Amazon.com (AMZN, $139.11, up $0.64) are up in pre-market trading and look like a solid pair of pocket Aces to hold.
Apple got its price target raised to $260 as the company continues to gain share while generating tremendous amounts of cash. Same with Amazon. We were hoping Amazon would come back down the day after we made a 50% profit last week but shares haven’t looked back.
We are keeping an eye on both stocks and if there is another chance to get in Amazon.com we will alert you. We have updated all of our current trades and subscribers can check the Members Area this morning for the updates.
Tags: alternative investments, Apple upgrade, 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 Apple, Company Commentary, Earnings, Option Trades | Comments Off
Sunday, December 27th, 2009
10:25pm (EST)
The market managed to close at new highs for the year Thursday although the climb has been slow and steady for weeks. The bulls have been in control since March and we have been bullish all month, partly because we feel investors are still sitting on gains and may hold onto stock in the hopes of recouping more 2008 losses.
Last week we reiterated our short-term targets for the market which were 10,800 for the Dow; 2,275 on the Nasdaq and 1,175 for the S&P 500. The Dow closed at 10,520; the Nasdaq settled at 2,285 while the S&P 500 closed at 1,126 on Thursday. Obviously, Tech has led us higher but we still feel like the Dow and S&P 500 will catch up over the next two weeks and come close to our year-end targets we set in AUGUST.
Selling losing stocks for tax purposes can weigh on the market at year-end but we think the rally continues this week and next. It has been easier to hold stocks over the weekend but there are still geopolitical events happening that we need to keep an eye on. However, it seems the market has done well on Friday’s followed by steady Monday’s which leads us to believe the bulls are still hanging around and running the show.
The $900 billion Healthcare Bill seems to be getting some clarity and that could be a relief for the market as well. The bill requires most of us to have health insurance or pay a penalty and forces most employers to offer coverage. However, it does not contain the government-run health plan program that most Democrats are pushing for which is included in the House version of the legislation, and opposed by most Republicans. The two sides will try to work out a compromise when 2010 begins.
We mentioned volume has been light as many traders take off for the week between Christmas holiday and New Year’s and there are no company earning reports worth mentioning this week. This means economic data could provide some volatility as the market looks for clues heading into January.
Among the week’s few economic releases, here is what we are looking at:
Tuesday: Redbook released at 8:55am; S&P Case-Shiller HPI due out at 9am and the Consumer Confidence report will be in 10am. Also, the State Street Investor Confidence Index news comes out at 10am.
Wednesday: MBA purchase applications released at 7am while the Chicago PMI comes out at 9:45am.
Thursday: Jobless claims at 8:30am.
We got a deeper-than-expected drop in initial jobless claims last Thursday which helped the market move higher so this and Tuesday’s Consumer Confidence report will be the two biggies this week.
We also mentioned last week that January could get interesting as earnings season gets underway. Wall Street is expecting a big improvement in fourth-quarter results compared to the last quarter of 2008.
Analysts will be looking for increased revenues instead of cost-cutting to show an improving economy and if they don’t come though then the market could be headed south. Revenues are expected to gain 7%, marking the first quarter of revenue growth since the third quarter of 2008. We shall see…
Here is the thing folks, if corporate earnings for the fourth quarter come in better-than-expected then we could be adjusting our targets for the market much higher. As you can see, the first few weeks is setting up to give us some great clues on market direction.
If you can get market direction right then you stand a pretty good chance of making money with options and we have done well over the past few weeks playing the “Santa” rally. Let’s hope it continues a few more days and weeks.
We will be back in the morning with the trade updates and a fresh outlook.
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, Earnings, Economic News, Weekly Wrap | Comments Off
Thursday, December 24th, 2009
2:00pm (EST)
Wall Street closed early today and the bulls left us with more presents. The market finished at new highs for the year as Tech led the way once again. The Dow moved higher by 53 points and settled at 10,520 while the Nasdaq bolted higher by 16 points and closed at 2,285. The S&P 500 also closed at new highs for 2009 and is resting at 1,126 (up 6 points for the day) as we get ready for the holidays.
Volume was light as you would expect in a shortened session and has been over the past few weeks but we told you the market would probably have a good week.
One stock that got some extra Christmas love was A123 Systems (AONE, $21.02, up $1.69). The stock rallied nearly 10% on no real news and we were hoping that we would close above $20 today. We got that and then some.
Meanwhile, First Solar (FSLR, $133.80, up $1.22) bounced back after a rough week and looks like it could easily move 10 points up or down next week. We are still watching for a safe entry point but there are too many headwinds facing us with this one.
Research In Motion (RIMM, $66.92, down $0.69) continues to look like it wants to cry “Uncle” and we think shares are poised for a steep drop. It may or may not happen but we are watching for a break below $65 which could take shares back down to the $57-$58 level. If we break below that, it gets nasty.
We wanted to update the current trades before we head out and they are ready in the Members Area. We also wanted to wish each and every one of you a very, Merry Christmas.
We will be back Sunday night with the Weekly Wrap.
Tags: A123 Systems, alternative investments, asset management, blog Wall Street, buying call options, buying put options, call option trading, chicken option trades, Covered Calls, financial, financial investment, First Solar, 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, momentum stock option trading, 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, option trade picks, option trading online, options, options blog, options expiration, options mentoring, options newsletters, options track record, options trade, options trading, options trading strategies, private equity, put option trading, Research In Motion email outage, Rick Rouse, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trade pick service, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strangle option trades, strategies options, support and resistance levels, the Wall Street, trading, trading option, trading options, triple-digit option trades, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management Posted in Hot Stocks | Comments Off
Thursday, December 24th, 2009
8:15am (EST)
Folks, we will be back shortly after the market opens with a full update on the market. Futures are leaning towards a slightly higher open this morning. Current subscribers, check the Members Area for the trade updates 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 Hot Stocks | Comments Off
Wednesday, December 23rd, 2009
12:25pm (EST)
The bulls are trying to take the market higher for the fourth day in a row and the Dow is flat as we go to press at 10,464.
We have updated all of our trades and we are super busy today. We would love to give a full market update today but the action is in the Members Area.
Barrick Gold (ABX, $40.64, up $1.75) has made a move above $40 today which is great news for our subscribers who got into the trades yesterday.
Current subscribers, check the Members Area for the updates…
Tags: alternative investments, asset management, blog Wall Street, buying call options, buying put options, call option trading, chicken option trades, Covered Calls, 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, momentum stock option trading, 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, option trade picks, option trading online, options, options blog, options expiration, options mentoring, options newsletters, options track record, options trade, options trading, options trading strategies, private equity, put option trading, Rick Rouse, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trade pick service, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strangle option trades, strategies options, support and resistance levels, the Wall Street, trading, trading option, trading options, triple-digit option trades, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management Posted in Company Commentary, Gold, Hot Stocks, Market Analysis | Comments Off
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Bulls Looking to Run
Monday, December 28th, 2009
Tags: alternative investments, Apple upgrade, 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 Apple, Company Commentary, Earnings, Option Trades | Comments Off