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Wednesday, January 16th, 2013
9:00am (EST)
The bulls were able to recover from an opening bear attack in yesterday’s action as they were able to push higher ground for the most part. Tech still finished in the red but the rebound was impressive as support held and the losses were minimal. Of course, Apple (AAPL, $485.92, down $15.83) stayed near session lows and seems stuck in the mud but other sectors picked up the slack.
The Dow gained 27 points, or 0.2%, to settle at 13,534. The blue-chips traded down to 13,445 but rebounded triple-digits off the low to hit 13,546. The bulls are moving closer towards 13,600, and if cleared, our 13,777 target from mid-December would be up next. Support has been strong at 13,350 and is moving up.
The S&P added 2 points, or 0.1%, to finish at 1,472.34. It was a new closing high for the year and the 52-week high is 1,474.51. The bulls easily held 1,450 as yesterday’s low checked-in at 1,463 and we have mentioned a print above 1,475 should get 1,500 in play, quickly.
The Nasdaq fell 7 points, or 0.2%, to close at 3,110. Tech tested a low of 3,093 but held 3,100. There is risk to 3,075 and then 3,050 but the bulls are still eyeing a run past 3,150 to 3,200.
The Russell 2000 hit a fresh 52-week and all-time high after advancing more than 4 points, or 0.5%, to end at 884.60. The peak was 884.84 and our mid-December target has been 885. We mentioned over the weekend there could be room for a run to 900 and for 2013 the small-caps could push 1,000. However, we doubt the road is going to be paved that smoothly so at some point we will have to prepare for a possible back test. Until then the trend is our friend.
Futures are showing a mixed open this morning as Boeing (BA, $76.94, up $0.39) is weighing on the blue-chips: Dow (-51); S&P 500 (-3); Nasdaq 100 (+3).
We will cover a few companies that are reporting in our midday update but for now it’s all about our current trades which are showing solid gains. Subscribers, check the Members Area for the details and stay locked-and-loaded in case we take action this morning.
Posted in Apple, Market Analysis, Market Commentary | Comments Off
Tuesday, January 15th, 2013
12:15pm (EST)
So far, this week’s pattern is playing out like last week’s market moves as the bears pushed support until midweek before the bulls took over to push new highs. Of course, there are still 3 full trading days left, including the rest of today, but earnings will be out in force starting today after the bell, and if they are better-than-expected, then we could see a repeat of last week.
Today’s big news is Facebook (FB, $31.27, up $0.32) and what they will be announcing at 1pm (EST). There has been a lot of speculation on what on what Zuckerberg is “building” and guesses have ranged from a new campus to a new mobile phone. There are rumors they could announce a new partnership with Microsoft (MSFT, $26.94, up $0.05) that would include expanding Skype, or it could be a new search engine.
Wall Street is unsure if Facebook will match the hype that’s being created but we are sure mobile will play a major role.
The Dow has made a nice recovery off its lows as the blue-chips are only down 13 points to 13,495 after kissing 13,445 at the open. A positive close today will likely lead to a run past 13,600 this week.
The S&P 500 is off 2 points to 1,468 after falling to a low of 1,463. This is still 1% above the 1,450 level but we are watching support like a hawk. A close above 1,472 would be very bullish for the rest of the week and could lead to a run past 1,500 over the short-term.
The Nasdaq is getting hit for 13 points and is at 3,103 after a print of 3,093 shortly after the open. The 3,100 level has been strong support since the beginning of the year and it is important the bulls hold this level today. (continued…)
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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.
Posted in Apple, Earnings, Market Analysis | Comments Off
Thursday, January 10th, 2013
9:00am (EST)
The bulls bounced back on Wednesday to get their first win of the week as the market ended higher for the session. There was a late-day pullback that ate away at the gains but overall the bears were quiet. They still have the weekly lead but the bulls are closing in.
The Dow gained 62 points, or 0.5%, to finish at 13,390. The blue-chips traded to a high of 13,416 and held green all session long. The close back above 13,350 keeps 13,600 in play.
The S&P added 4 points, or 0.3%, to settle at 1,461. The index reached a peak of 1,464.73 but, more importantly, the 1,450 level held once again and is serving as strong support. Resistance is up ahead at 1,475.
The Nasdaq advanced 14 points, or 0.45%, to end at 3,105. Tech kissed a high of 3,111 and we mentioned a close back above 3,100 would be bullish. The bears will try to attack 3,075 again while the bulls push for a finish above 3,125 this week.
Apple (AAPL, $517.10, down $8.21) looked lost again yesterday and continues to bleed back towards the $500 level. The mid-December low was $501.23 and a close below this level will spark panic or another buying opportunity. The “double-bottom” break below support would be a good clue to use put options for a possible drop to $475. Shares could see a “triple-bottom” reversal if $500 is tested and holds and call options could be used in a move back above $510 to play a run to $540-$550.
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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.
Posted in Apple, Hot Stocks | Comments Off
Monday, December 17th, 2012
9:00am (EST)
“The bulls have momentum but a final resolution on the Fiscal Cliff could get stretched until the last minute of 2012. We have said we would like to see a deal get done by December 21st and that means the zombies will be working overtime. The December holiday adjournment for Congress is this Friday, December 14th. It will likely get extended by a week and why we went on record and said the 21st for a deal to get done.
Of course, the zombies do not want to hang around past their scheduled time off but it is highly unlikely a deal gets done this week. The red zombies still do not want to raise taxes and there is talk now the blue zombies are prepared to drive America off the Cliff, if necessary, to get their way. The Democrats will blame everything on the Republicans and vice-versa but we still expect a compromise, or a kick of the can down the road, before Christmas.
The zombies can then pat themselves on the back and say how hard they worked on overtime to get a deal done before we do it all over again at some point in 2013. If there is no deal by Christmas, the market could still rally into yearend as hopes of a last-minute agreement before the December 31st deadline would still be in play. If the zombies do push us off the Cliff, expect a major pullback in January.
We haven’t talked much about the Friday/ Monday closes in recent weeks because they have been mixed of late. The bears have been winning the Monday’s and pushing lower prices into Wednesday’s before the bulls rebound to close out the week with Friday wins. In trending markets, if the bulls are in control you will usually see up Friday/ Monday’s and when the bears are dominating, lower Friday/ Monday’s. If the bulls are going to make a run they will once again need to start a Monday off strong. This would signal more money coming into the market.
The other bullish sign we are seeing is the strength in the Financial stocks. The Financial Select Sector Spider (XLF, $16.02, up $0.13) is nearing its 52-week and multi-year highs after closing above its 50-day MA late in the week. It’s early, but a run to $20 could be in the cards at some point in 2013.
We will be watching American Express (AXP, $56.61, up $0.49) and JPMorgan Chase (JPM, $42.56, up $1.09) as a way to play the pop. The 52-week high for AXP is $61.42 and we may use call options for our Daily to play a possible run to $60.
The 52-week peak for JPM is $46.49 and there are some cheap options we can play for a run past $45 over the next few weeks.
We correctly predicted Apple’s (AAPL, $533.25, down $13.99) drop to $520 last week as shares kissed $518.63 on Wednesday before bouncing back on Thursday and slipping again on Friday. We missed a golden opportunity for a quick trade to make 200% on the December call options but we still have the stock on our Watch List. Apple will need to get in back in gear if it is going to help the bulls rally as it is a big component of the major indexes.
The talk all week was the “death cross” the stock is headed for unless there is a sudden reversal this week. This technical term refers to when the 50-day MA falls below the 200-day MA but we doubt the final nail is in Apple’s coffin as better days are ahead. A close above $550 would be very bullish for a run back to $600 but there could be a retest to $520 on further weakness. A close below $520 would suggest $500-$475 will come into play.
We said on Wednesday the market faced a make or break moment as further damage by the bears could have fueled additional selling pressure. The trading range from the mid-October highs and the November lows is still in play as the bulls continue to push the top of the range. Although trading has been choppy, the bulls are making higher highs and higher lows for the most part that should continue despite the possibility of more negative rhetoric from DC this week.
We gave yearend price targets for the major indexes last week and said we believe the Dow could push new highs by the end of the year. We are officially making it 13,777.77 as there could be some “fluff” if resistance at the highs is cleared. If we win the contest we will give the iPad to the second best guess (sly grin). Our target for the S&P is 1,492 and for the Nasdaq we will go with 3,140. For the Russell 2000 we have a target of 867.
The big event this week will be the Fed meeting on Wednesday. We mentioned a few weeks ago there was talk of QE4 and it could be bullish or bearish for the market if announced. The “Operation Twist” quantitative easing Ponzi scheme has run its course as the Fed’s purchase of short-term treasuries to buy long-term treasuries is scheduled to end this month. QE4 would be the purchase of long-term treasuries but Big Ben could put the pressure back on the zombies.
Bernanke has been vocal in the past for the zombies to get their house in order but with the fragility of the economy in his hands, he will keep the printing presses on (and rates low). We expect the Fed will continue to add $40-$50 billion a month to the system but Bernanke’s speech on Wednesday at 2:15pm could be crucial as far as market direction for the week.
If Tech and Apple can rebound and the Financial stocks can keep their momentum then the bulls will have something to work with. A higher Monday close and a framework from the zombies to get a deal done would also add to the momentum. If these events start to take a negative tone, expect the bears to attack and make a push back to the bottom of the current trading range.” (from 12/9/2012 Weekly Wrap)…
The bulls had their 3-week winning streak snapped as Tech stayed in a funk with Apple (AAPL, $509.79, down $19.90) dipping to new lows. The market powered past resistance on Tuesday and was flat on Wednesday before the bears found their groove. Tuesday’s rally was enough to zoom past the first level of support and the bulls nearly caught the second wave before the tide came in on Bernanke’s comments.
We said midweek we didn’t think there was enough momentum to clear the next hurdle but there was a good chance paper-thin support (which was prior resistance) would hold. Friday’s action was tight as the zombies wasted a golden opportunity to make a statement concerning the Fiscal Cliff and in our midday update we pointed out the market was still UP for the week.
The talking heads and slick talking pros are bailing on the bulls but the technical picture still looks semi-bullish. It is amazing to see where the action is pinned at and the charts we have drawn up for you show you the exciting battle that lies ahead. This week should be interesting as the deadline for the Cliff draws near and as Air Force One warms up the engines for a trip to Hawaii – deal or no deal.
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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 are doing well for 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 and is 26-0. Together, we are 150-55 (73% win rate) for both newsletters and we doubt you will find a better options trading service.
Our list of 2012 winners include: +500% on TASR call options, +160 on GMCR call options, +475% on AXP,+462% on ARNA,+292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few.
Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours. We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap.
Posted in Apple, Financial Stocks, Hot Stocks, Market Analysis, Market Commentary | Comments Off
Friday, December 7th, 2012
12:05pm (EST)
We love Christmas time as it is our favorite holiday of the year. It is nice to receive cards, letters, and gifts but it is more about caring. Our subscribers mean a lot to us and every year we offer a huge discount on yearly memberships because we want you to learn how the market works and we want you to find your own trades. More importantly, we want you to make money. There is no bigger thrill once you learn to trade options and find your own trade that returns you 500% in a matter of days or hours.
We are a high risk/ high reward option investment Daily newsletter and we also offer “safer” option and stock trades through our Weekly Wrap newsletter. The Daily newsletter targets triple-digit returns for every trade and offers 2-3 trades a week, depending on market conditions. We have nearly 200 trades on the books this year and our Track Record is 122-54 for nearly a 70% win rate. We have recommended over 30 triple-digit winners with gains up to 400%-500% and most trade recommendations range from 50%-80% returns.
For our Weekly Wrap, we are 26-0 on trade recommendations. We were 16-0 in 2011 and we are 42-0 since inception. Overall for 2012, our Track Record is 147-54 which is a 73% success rate. This is by far, one of the best, if not the best, option trading services out there. We have not had a losing year since we started the newsletter in 2008.
The cost for a 1-year membership is $924 for the Daily. This is $77/ month and much less than the $97 or $129 monthly memberships. The Weekly Wrap is also $924 for a 1-year deal.
We will be offering them BOTH for $924. This is a 50% savings.
We also offer an option trading course, How to Trade Options on Momentum Stocks, that is valued at $895. The course comes with bi-monthly videos and currently has dozens of videos on trade setups, how to find trades, and how to read charts. The course is also shipped to you at no charge and you can read more here.
We are also doing two more special incentives. One is we are offering an extra 20% discount through this weekend only that will lower the price to $740/ or around $60 a month for both publications.
We do this because we will be printing the new, updated option trading manual with more charts and tips, and we need to know how many we need to print and to keep our costs (and yours) as low as possible. After this weekend, there will not be a 20% discount but you can still get both the Daily and Weekly Wrap for $924.
The iPad offer is this. If you signup this weekend for the 1-year deal, you will be eligible to enter an educated guess on where the Dow will be on the last trading day of the year at the close on December 31, 2012.
We will take all entries by Sunday night by midnight (EST) and we will confirm them with each subscriber. The one who comes the closest on the Dow, over or under, will win a brand new iPad.
Your prediction must list the Dow’s closing price with two decimal points. In other words, if you believe the Dow will end at 13,600 – you will need to use 13,600.00.
The coupon code for the 20% discount and the special deal will end Sunday night. You will need to click on the 1-year Daily subscription link and enter the code to get the discount. You will need to email our support team no later than 11:59pm (EST), Sunday, December 9, 2012. We will list the high and low predictions on Tuesday morning.
You can also call us if you have questions.
The special offer will run through December but in order to get the EXTRA 20% discount and the chance to win a beautiful, brand spanking new iPad, you must signup this weekend!
We cannot break these rules so please do not write and ask us on Monday if it is too late to get in. It would not be fair to other subscribers.
The next video for our option course will be out soon and we will be covering a host of topics so make sure you get on board. This is by far, the best deal we offer and it only comes along once a year.
Here is the coupon and please be sure to click the 1-year Daily membership.
5A6155273A
Click here to go to our subscription page.
As we head to press, the Dow is up 31 points to 13,105 while the S&P 500 is lower by 2 points to 1,412. The Nasdaq is off 17 points to 2,972.
Have a GREAT weekend everyone and we will be beack Monday Morning!
Posted in Apple, BioTech, China, Commodities, Company Commentary, Covered Calls, Earnings, Economic News, Entertainment Stocks, Hot Stocks, IPOs, Market Analysis, Market Commentary, Mergers and Acquisitions, Money Management, Oil, Option Trades, Politics | Comments Off
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Bulls Recover as Market Ends Mostly Higher
Wednesday, January 16th, 2013
9:00am (EST)
The bulls were able to recover from an opening bear attack in yesterday’s action as they were able to push higher ground for the most part. Tech still finished in the red but the rebound was impressive as support held and the losses were minimal. Of course, Apple (AAPL, $485.92, down $15.83) stayed near session lows and seems stuck in the mud but other sectors picked up the slack.
The Dow gained 27 points, or 0.2%, to settle at 13,534. The blue-chips traded down to 13,445 but rebounded triple-digits off the low to hit 13,546. The bulls are moving closer towards 13,600, and if cleared, our 13,777 target from mid-December would be up next. Support has been strong at 13,350 and is moving up.
The S&P added 2 points, or 0.1%, to finish at 1,472.34. It was a new closing high for the year and the 52-week high is 1,474.51. The bulls easily held 1,450 as yesterday’s low checked-in at 1,463 and we have mentioned a print above 1,475 should get 1,500 in play, quickly.
The Nasdaq fell 7 points, or 0.2%, to close at 3,110. Tech tested a low of 3,093 but held 3,100. There is risk to 3,075 and then 3,050 but the bulls are still eyeing a run past 3,150 to 3,200.
The Russell 2000 hit a fresh 52-week and all-time high after advancing more than 4 points, or 0.5%, to end at 884.60. The peak was 884.84 and our mid-December target has been 885. We mentioned over the weekend there could be room for a run to 900 and for 2013 the small-caps could push 1,000. However, we doubt the road is going to be paved that smoothly so at some point we will have to prepare for a possible back test. Until then the trend is our friend.
Futures are showing a mixed open this morning as Boeing (BA, $76.94, up $0.39) is weighing on the blue-chips: Dow (-51); S&P 500 (-3); Nasdaq 100 (+3).
We will cover a few companies that are reporting in our midday update but for now it’s all about our current trades which are showing solid gains. Subscribers, check the Members Area for the details and stay locked-and-loaded in case we take action this morning.
Posted in Apple, Market Analysis, Market Commentary | Comments Off