The market is mixed as we head into the second half of trading with Tech showing some strength. Earnings will continue to be the main focus of the market but the Fed and economic news will play a role in helping the bulls are bears achieve their price targets this week.
The Dow is down 2 points to 13,893 while the S&P 500 is lower by a point to 1,501. The Nasdaq is up 9 points to 3,159.
There are a few trades we are trying to get into today and we were unable to get our fill prices on the open this morning for one of them. The good news is prices have come down so we are going to get in The march options we recommended. We also have another trade that is an earnings trade. The options have pulled back as shares are slightly lower today but we expect the company to report a strong quarter on Wednesday.
These are “cheap” options that we feel could double from current prices as we could see the stock make a strong move past $50. We want to get in ahead of the news so we are going to establish positions now.
Subscribers, check the Members Area for the New Trade recommendations and use limit orders to get the best fills. We will be back in the morning with a full report.