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Thursday, October 11th, 2012
1:00pm(EST)
The bulls got off to a great start this morning as they made a push to prior support levels but the action is favoring the bears as these levels are now trying to hold as resistance. When a stock or an index breaks a key support level, usually there is a back test before another leg lower. If the stock or index reclaims this level then it can be considered an “overshoot”. We are in the early stages, naturally, as we wait to see what unfolds but the lower highs and lower lows are consistent of a trend change.
Economic news came in better-than-expected as Jobless Claims fell 30,000 to 339,000 which marked the lowest level since early 2008. The problem is that this number is also being scrutinized as one state didn’t have their tally ready and those figures will be reflected next week. This follows last week’s “surprising” drop in Nonfarm Payrolls from 8.1% to 7.8%.
Shares of Sprint Nextel (S, $5.73, up $0.69) are up 14% after the company confirmed Softbank, a Japanese mobile-carrier, was talking to them about buying a majority stake in Sprint. Clearwire (CLWR, $1.78, up $0.48) is also up on the news because Sprint owns a majority stake in that company which could also be in the mix. (continued…)
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Since mid-August, we have closed 21-out-of-23 winning recommendations. 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 24-0. Together, we are 135-43 (76% win rate) for both newsletters and we doubt you will find a hotter options trading service.
Posted in Hot Stocks, IPOs, Mergers and Acquisitions | Comments Off
Thursday, August 30th, 2012
9:00am (EST)
The market followed it’s normal pattern of trading in a tight range with both the bulls and bears doing more talking than fighting on the lightest volume day of the year. The good news is we only have another day of this before we could start to see some movement.
The Dow added 4 points to end at 13,107 after trading in a 63-point range. The high was 13,144 while the low came in at 13,081 for the blue-chips.
The S&P 500 was up a point and closed back above 1,410 by a half-point. The index tested 1,413.95 to the high side and 1,406.57 on the low end.
The Nasdaq advanced 4 points to finish at 3,081. Tech traded down to 3,067 shortly after the open but rebounded to kiss a high of 3,087.
Pandora Media (P, $9.97, up $0.12) held double-digits in extended trading last night after beating earnings expectations although the bottom line was another loss. The company reported a loss of $5.4 million, or 3 cents a share, for the quarter compared to last year’s same period rink ink of $3.2 million, or 4 cents a share.
Revenues were up over 50% to $101 million which is what kept shares from tanking to single-digits. The suit-and-ties were expecting a little over $100 million in sales and ad revenue. Another impressive figure was the number of listeners which has now grown to nearly 55 million
We have featured Pandora in our Weekly Wrap and recommended a covered call option earlier this year that made our subscribers 9% in 3 months.
A 9% return may not sound like a “big” gain but annualized it would net 36%. Considering savings and CD’s pay 1%-2%, we like our chances with covered calls which are a safer way to play options providing you own the stock as well.
We have put together another good week following yesterday’s closing of two “Half” positions which are currently showing gains of 236% and 58%. Our plan is working accordingly as we said we would like the portfolio to be light heading into the Black Hole on Friday.
We may also have more Trade Alerts and a possible New Trade for you this morning so be on the lookout for possible updates between 10am-11am.
As we head to press, futures are showing a lower open and look like so: Dow (-40); S&P 500 (-5); Nasdaq (-10). Subscribers, check the Members Area for the updates.
Tags: covered call option trading, incredible option, option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Company Commentary, Covered Calls, Earnings, IPOs | Comments Off
Friday, August 10th, 2012
12:30pm (EST)
The bulls came into today’s action with a slight lead for the week but futures were lower by a half-percent before Europe’s open and didn’t improve much before Wall Street’s wakeup call. Some of the issues weighing on the overseas and the market here at home are being blamed on China after they missed their Trade Surplus numbers last night.
China Exports were up just 1% while estimates called for growth of 8%. Imports were up 4.7% which was also less-than-expected as the country’s trade surplus narrowed to $25 billion, or $10 billion less than what the zombies had penciled-in. New Loans in China also came in less than expected.
The economic numbers from China are slowing faster than the market realizes and sooner or later this will be factored into the market.
Manchester United (MANU, $14.02, up $0.02) become a publicly-traded company today after selling 16+ million shares at $14 which raised $234 million and gave the company a market cap of $2.3 billion. Shares will trade on the New York Stock Exchange (NYSE).
Historically, owning stock in a sports team hasn’t been the best investments and this deal looks like a deleveraging one. The capital raised won’t be used to pay down debt or sign new players, instead, the proceeds of $234 million will be split between the club and its owners, the Glazer family, who also own the NFL’s Tampa Bay Buccaneers.
The current 3-month trading range has been frustrating and we mentioned this morning the summer doldrums are certainly in place. While unlikely, we wouldn’t be surprised to see the market chop around and remain in a tight trading range until the Fed or the ECB speaks again which could be a week or two.
The Fed is meeting in Jackson Hole, Wyoming later this month and the ECB is still putting a plan together…
The recent rally to the top of the range has been based on more monetary easing but if the zombies don’t flood the market with new cash in a couple of weeks, the wind will come out of the market’s sails.
The levels to watch into the close are Dow 13,096; S&P 1,391; Nasdaq 2,968 and Russell (2000) 788. Anything above these numbers the bulls will get the win. Anything below, the bears get the victory.
As we head to press, the Dow is down 22 points to 13,143 while the S&P 500 is off 3 points to 1,400. The Nasdaq is lower by 8 points to 3,011 while the Russell is showing a decline of 3 points to 800.
We have a few last minutes updates for our current trades and we will review our Watch List over the weekend for new ideas. We will have the charts for you on Sunday night in our Weekly Wrap and again on Monday for the Daily.
Next week has the potential to be explosive and this week’s tight trading range is a sign a major move is coming. We hope so because our portfolio will be light and we plan to step on the gas once we get a clear signal on the market’s next TREND.
Until then, have a great weekend everyone!
Special Note: We recently ran a 6-month special for the Weekly Wrap and for those of you who took advantage of our special rate, thank you! We did have one new trade we recommended for the publication this week and we could be closing 2 more winners next week. The newsletter is 22-0 for the year and we were 16-0 last year. If you would like the Special Price of $299, please use this code (2CFB6D1761) over the weekend to get signed-up. It will expire on Monday and this will be the last special of the year until December which is when we do our Yearly specials. [Note: please copy and paste the code]
If you are a current subscriber to the Weekly Wrap, please feel free to use the coupon to EXTEND your membership. This is less than $50 a month and our last closed recommendation, Arena Pharmaceuticals (ARNA, $7.25, down $0.11) made our subscribers 117% after we profiled shares at $2! This weekend we cover another biotech stock that has 3 promising drugs in its pipeline and is currently trading for under $3 a share. Best of all, it trades options!
Tags: option trading strategies, options trading, stock options consultant, stock trading advisors
Posted in Company Commentary, IPOs, Market Analysis, Trade Update | Comments Off
Friday, May 18th, 2012
12:50pm (EST)
FaceBook (FB, $40.60, up $2.60) finally opened for trading around 11:30am (EST) and the first print was $42.05. We’ve mentioned them enough all week so let’s leave it there for now.
We thought there would be a little more enthusiasm in the market today but we mentioned in our Weekly Wrap if support was broken before the debut, shares could struggle along with the major indexes.
The Dow is down 6 points to 12,436 while the S&P is up a point to 1,305. The Nasdaq is showing a decline of 2 points and is at 2,811 but has dipped below 2,800 today. Not good unless you are bearish like us.
We are doing a video this weekend for those of you who are trading course members. It has been a few months since we have done one because we have been so busy trading and making our subscribers money. We have recommended over 100 trades for 2012 which is nearly 4 or 5 per week. We normally average 1 or 2 trades per week but when the market is giving you so many gifts, we have to take advantage of it will the getting is good.
We have had a ton of new subscriber sign-ups over the last few months as word spreads about the explosive profits we have been making so we felt it was important to do a video for those of you who want to learn charts and to trade like we do.
If you are not a member to our trading course, you can get the videos and trading manuals by UPGRADING your membership to a one-year deal which is cheaper and saves you money off our monthly and quarterly rates.
Once a year, we run a sweet offer but we want all of our subscribers to see the video so here is the deal.
If you have purchased a 1-year membership this year, in 2012, and you haven’t received the trading course, email us and we will send one out at no charge (an $895 value). We did a promotion at the beginning of the year through April where we offered this deal so everyone from April on who didn’t get the course, hit us up in an email. We will be sending all of you who have ordered 1-year memberships in May the course this weekend but email us anyway if want.
For those of you on Monthly or Quarterly memberships, if you upgrade to a 1-year membership, we will include the course at no charge as well. Shipping is also on the house.
We will also add any extra time from your current membership to the one-year deal. The videos, all current and past are available as soon as you sign-up and we like to do one every month or two depending on market conditions.
If you do the math, this is well over a 50% discount if purchased separately and we are currently sporting an 86-18 win/loss record for the year. Deals like this don’t last forever so jump on now. This offer ends Sunday night at midnight.
You will not need a coupon to get the manual along with the one-year subscription, just upgrade or signup, and we will ship the course to your doorstep over the weekend. You will also have access to the videos, instantly.
Click here for the subscription link:
To read more on our trading course, How to Trade Options on Momentum Stocks, go here:
We have some last minute updates but our current trades are doing well so we will ride them higher into next week.
We will be back Sunday night with our Weekly Wrap and Monday morning with our Daily. Until then, have a great weekend everyone! And make sure you sign-up or upgrade by then.
Tags: Option Trades, option trading course
Posted in IPOs, Market Analysis, Option Trades, Strategies | Comments Off
Friday, May 18th, 2012
9:00am (EST)
The bears made it 5-in-a-row and 11-out-of-12 sessions as the market finished lower again on Thursday. We have a lot to cover today so let’s go over the numbers real quick.
The Dow gave back 156 points, or 1.2%, and closed at 12,442 while the S&P 500 fell 20 points, or 1.5%, to finish at 1,304. The Nasdaq got walloped for 60 points, or 2.1%, and ended at 2,813. These levels are within spitting distance of the exact targets we said to watch for in our Sunday night Weekly Wrap and in our Monday morning outlook.
We also reminded you in one of our updates yesterday the market could get a lift from FaceBook’s (FB) IPO debut which is why we took partial profits in 4 more put option trades yesterday. We said this Sunday night as well so we have been preparing for a bounce and we stick to our trading plan.
While Wall Street and the rest of the world gets excited about FaceBook’s stock, we will have to wait until the options list before we get a rise in our Levi’s.
As far as our current option trades, we have 6 triple-digit winners we are nursing right now and 2 of them are up over 200%. We have a 7th trade that is up 91%. Needless to say, our subscribers are having a payday May!
Speaking of which, the May options chains expire today which could also bring some volatility but we are in good shape. Even better, any countertrend rally will allow us to get into our next batch of trades at lower prices as we open new positions for July and August.
We have some great news to share in our afternoon update but for now, we have a lot more to talk about in our Members Area as we expect a busy and hectic day. Be on the lookout for possible Profit Alerts this morning and New Trades if we see something we like.
As we head to press, futures are showing a nice pop at the open just like we figured. Dow futures are up 40 points to 12,453 while the S&P 500 futures are higher by 5 points to 1,306. The Nasdaq 100 futures are advancing 4 points to 2,509.
Subscribers, pay close attention to our trade instructions and stay locked-and-loaded.
Tags: Facebook IPO, Facebook options, FB
Posted in IPOs, Trade Update, Trading Psychology | Comments Off
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Pandora Media (P) Beats Estimates but Losses Continue
Thursday, August 30th, 2012
9:00am (EST)
The market followed it’s normal pattern of trading in a tight range with both the bulls and bears doing more talking than fighting on the lightest volume day of the year. The good news is we only have another day of this before we could start to see some movement.
The Dow added 4 points to end at 13,107 after trading in a 63-point range. The high was 13,144 while the low came in at 13,081 for the blue-chips.
The S&P 500 was up a point and closed back above 1,410 by a half-point. The index tested 1,413.95 to the high side and 1,406.57 on the low end.
The Nasdaq advanced 4 points to finish at 3,081. Tech traded down to 3,067 shortly after the open but rebounded to kiss a high of 3,087.
Pandora Media (P, $9.97, up $0.12) held double-digits in extended trading last night after beating earnings expectations although the bottom line was another loss. The company reported a loss of $5.4 million, or 3 cents a share, for the quarter compared to last year’s same period rink ink of $3.2 million, or 4 cents a share.
Revenues were up over 50% to $101 million which is what kept shares from tanking to single-digits. The suit-and-ties were expecting a little over $100 million in sales and ad revenue. Another impressive figure was the number of listeners which has now grown to nearly 55 million
We have featured Pandora in our Weekly Wrap and recommended a covered call option earlier this year that made our subscribers 9% in 3 months.
A 9% return may not sound like a “big” gain but annualized it would net 36%. Considering savings and CD’s pay 1%-2%, we like our chances with covered calls which are a safer way to play options providing you own the stock as well.
We have put together another good week following yesterday’s closing of two “Half” positions which are currently showing gains of 236% and 58%. Our plan is working accordingly as we said we would like the portfolio to be light heading into the Black Hole on Friday.
We may also have more Trade Alerts and a possible New Trade for you this morning so be on the lookout for possible updates between 10am-11am.
As we head to press, futures are showing a lower open and look like so: Dow (-40); S&P 500 (-5); Nasdaq (-10). Subscribers, check the Members Area for the updates.
Tags: covered call option trading, incredible option, option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Company Commentary, Covered Calls, Earnings, IPOs | Comments Off