12:50pm (EST)
The bulls are taking a breather as they prepare to take the market higher over the next few weeks. Of course, the bears are still playing and they are getting a little action today but we think the trend is still up.
The Dow is currently down 20 points to 10,545 while the S&P has slipped 2 points and is at 1,137. The Nasdaq, however, is also showing a slight gain and is higher by 4 points to 2,330.
We got some more rhetoric from the President concerning HealthCare which could be weighing on the market. He also took another shot at Goldman Sachs (GS, $169.57, up $2.39) but the stock has been rallying lately off the $165 level.

Imax (IMAX, $14.92, up $1.20) is at fresh 52-week highs after taking in record sales for the opening of Alice in Wonderland. The movie was shown in 188 domestic Imax theaters which contributing $12 million of the film’s overall opening gross of $116 million.

These numbers represent over 10% of the overall domestic box revenues but the kicker is that Imax was only on 3% of the total screens. The company’s average screening was a whopping per $64,362 joint. Overseas, they made another $3 million on 53 screens. Wow.
Imax is a story we have been covering for 3 years and some of our subscribers have been loading up on this stock when it was under $4. We don’t buy stock but we have profiled several call options trades over the past few years that have done well.
The company announces earnings this Thursday.
We have a lot to cover in the Members Area so we want to get our subscribers inside. We also have NEW TRADE we cover in today’s update.

















Tuesday’s Tidbits – Cisco Systems & More….
Tuesday, March 9th, 2010
9:00am (EST)
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria…Sir John Templeton.
The bulls and bears traded blows for much of Monday’s session as both sides left the ring with mixed results. The bears were able to take two out of three but neither victory was impressive. The Dow dropped a baker’s dozen, or 13 points, to finish at 10,552 while the S&P 500 slipped less than a point and closed at 1,139.
The bulls, however, managed to drive Tech higher (more on that in a minute) by a six-pack as the Nasdaq finished at 2,332. At one point, the Nasdaq traded 2,335 and finished at fresh highs for 2010 and an 18-month high overall.
We have been mentioning the strength in the Tech sector and the bulls can thank Cisco Systems (CSCO, $26.13, up $0.92) for keeping them above water yesterday. The stock rallied nearly 4%, ahead of a MAJOR announcement set for this morning. The company said the news will “forever change the Internet and its impact on consumers, business and governments.”
Cisco Systems
Wow. That is a pretty powerful statement and we can’t wait to see what’s up Cisco’s sleeve. Wall Street expects the company to debut toys that will enable its network service providers to build their own high-speed networks. Shares closed at a 52-week high on Monday and the news will hit the Street at 11am (EST).
Despite the forthcoming news, the futures are pricing in a slightly lower open this morning. Dow futures are down by 27 while the S&P 500 and Nasdaq futures are off by about 4 points apiece.
Tags: Cisco Systems announcement, CSCO, option picks, option signals, options alerts, stock options trading
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