9:00am (EST)
We were watching yesterday’s close like a Power Ball lottery as the Dow danced around our 13,777.77 fluff target from mid-December. The Nasdaq was just a smidge above our 3,150 target and we nailed the S&P 500’s close of 1,492 on Tuesday. We were a few points off from pulling off a hat trick but yesterday’s close was exactly what we have been calling for.
From Sunday’s Weekly Wrap:
If IBM can score numbers above the high estimate of $5.32 a share and revenues come in north of $30 billion, shares could reclaim the $200 level and challenge the 52-week high. This would require an 8%-10% move in the stock which might be asking a bit much from Big Blue, but not impossible.
IBM is a huge Dow component and makes up a whopping 11% of the index. Chevron is next as it makes up 6.5% of the Dow’s weight. If IBM can beat current estimates with higher revenue AND ups their outlook then we could easily see the Dow challenging our 13,777 fluff target Wednesday morning.” (END)
The Dow added 67 points, or 0.5%, to finish at 13,779 on Wednesday. The index held green all session long but the bulls can thank IBM which accounted for 65 points of the Dow’s gains. The high point for the blue-chips came in at 13,794 and we have mentioned resistance at 13,800. If cleared, the bulls could make a run past 14,000 before the bears’ wakeup from hibernation. The all-time high for the Dow is 14,198 (intraday) and was hit on October 11, 2007. Support is at 13,600 and then 13,450 on a pullback.
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If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we had an incredible 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we were 159-70 (70% win rate) for both newsletters in 2012 awith over 30-triple-digit winners. Our 5-year track record from 2008-2012 is now a staggering 621-273 that is also a 70% win rate. We doubt you will find a better options trading service.
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How ya’ Like Them Apples?
9:00am (EST)
We were watching yesterday’s close like a Power Ball lottery as the Dow danced around our 13,777.77 fluff target from mid-December. The Nasdaq was just a smidge above our 3,150 target and we nailed the S&P 500’s close of 1,492 on Tuesday. We were a few points off from pulling off a hat trick but yesterday’s close was exactly what we have been calling for.
From Sunday’s Weekly Wrap:
If IBM can score numbers above the high estimate of $5.32 a share and revenues come in north of $30 billion, shares could reclaim the $200 level and challenge the 52-week high. This would require an 8%-10% move in the stock which might be asking a bit much from Big Blue, but not impossible.
IBM is a huge Dow component and makes up a whopping 11% of the index. Chevron is next as it makes up 6.5% of the Dow’s weight. If IBM can beat current estimates with higher revenue AND ups their outlook then we could easily see the Dow challenging our 13,777 fluff target Wednesday morning.” (END)
The Dow added 67 points, or 0.5%, to finish at 13,779 on Wednesday. The index held green all session long but the bulls can thank IBM which accounted for 65 points of the Dow’s gains. The high point for the blue-chips came in at 13,794 and we have mentioned resistance at 13,800. If cleared, the bulls could make a run past 14,000 before the bears’ wakeup from hibernation. The all-time high for the Dow is 14,198 (intraday) and was hit on October 11, 2007. Support is at 13,600 and then 13,450 on a pullback.
****************************
If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we had an incredible 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we were 159-70 (70% win rate) for both newsletters in 2012 awith over 30-triple-digit winners. Our 5-year track record from 2008-2012 is now a staggering 621-273 that is also a 70% win rate. We doubt you will find a better options trading service.
This entry was posted on Thursday, January 24th, 2013 at 2:31 AM and is filed under Earnings, Market Analysis, Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.