1:15pm (EST)
The bulls came into today’s session with a comfortable lead for the week following Monday’s pullback and have used their momentum to push the major indexes past resistance.
Volume has been light, all week for that matter, and is only running at 40% of normal trading. Light volume can be good or bad but the direction has been upward and Europe seems to be on the back burner for the time being. Economic news continues to provide hope the economy may be improving and we mentioned these two events could play a big role in the market going higher. So far, we have been right on that call.
Today’s highlights include New Home Sales which increased 1.6% in November and matched expectations. Durable goods orders for the month of November jumped 3.8% versus expectations for an increase of 2.2%. The core reading, which excludes transportation items, was up 0.3%. Personal income was up 0.1% which missed forecasts for an increase of 0.2%, and Personal Spending rose 0.1% as well, versus expectations for an increase of 0.3%.
As we type this up, the Dow is advancing 88 points to 12,258 while the S&P 500 is higher by 8 points to 1,262. The Nasdaq is higher by 14 points to 2,614.
Next week is the last hurrah for 2011 and we plan to be active but we wanted to go over our numbers real quick because we are excited about 2012 and we want you to be a part of it.
Our 2011 Portfolio will end the year with over $18,000 in profits. This means if you started the year with us with a $10,000 account, we made you a 180% return on your investment. If you started with a $20,000 account, the returns were 90%. If you started with a $5,000 account your return was 360%.
Of course, you return will depend on when you start with us and if you take all of our trades. Many of you have thanked us over the last few months, especially after the hot streak from mid-August until November, and now we want to thank you.
Every year we offer a special deal to our one-year membership and we try to stress that trading is for the long haul. Choppy and mixed markets are hard to trade but as you have seen lately, TRENDING markets are the time where you can make an incredible amount of money.
There were a lot of option newsletters that struggled this year to give you good advice because our new subscribers have told us. Hedge funds got walloped and Mutual Fund managers are at a loss for words to explain why they couldn’t give their clients a double-digit return. Not us.
We are proud of our 2011 Track Record for the Daily (65% winners) and we are tremendously happy to say the first year of the Weekly Wrap publication was a hands down success (16-0!). To show our appreciation for your support we would like to offer you a special deal for the holidays.
For a limited time, we will be offering a 1-year subscription to our Daily newsletter for $699. The publication is normally priced at $924 which is already a steep discount to our $129 a month rate. We will also be including our trading manual, How to Trade Options on Momentum Stocks as a bonus package. This is an $899 value and shipping is on the house.
Now, the next part is important.
The trading manual also comes with ongoing videos and our next video will be out on Monday night. We want to show you exactly why the market could be headed for an explosive move in 2012. The charts we will cover will clearly show you what could be coming and we will show you how to play a market breakout. We also show you why if there is more trouble ahead, we could see a massive selloff. The video will also cover a more in-depth look at our current trades and will be available to all trading course members Monday night.
We will also be including a 3-month membership to our Weekly Wrap if you hit us up on this deal. This publication is for the short to medium-term trader and aims to provide double-digit monthly income. Our Daily newsletter strides for 100% gains on every trade that usually plays out in 3 weeks or less but the Weekly focuses on buying stocks and selling calls against your position. We like monthly dividends on strong stocks and by selling options it kind of works that way as it reduces our cost basis.
Folks, if you really want to learn how to trade the market full-time and how to understand the market’s moves than there is no better times to join us. This deal will only run until the end of 2011 because we want you on board when 2012 kicks off. The total cost for the 1-year upgrade averages to just over $58 a month for the entire package so you can see the incredible savings we are offering you.
Current subscribers, please feel free to upgrade. If you recently purchased a 1-year membership (since October), email us and we will hook-up up with the add-ons if you did not get a trading manual.
1-year membership – $699 – use coupon code 60EDA4E018 – includes trading course (an $899 value) and shipping. A 3-month membership to the Weekly Wrap will also be included in your membership.
On that note, we will be heading out for the holidays after the bell to enjoy time with our friends and family. We always look forward to wishing everyone a Merry Christmas because it’s our favorite time of the year.
We have updated our Members Area to include today’s 2 new trades. We also have one trade that is up over 80% and we want to take half profits before the weekend.
We will be back Monday night with the Weekly Wrap and Tuesday morning at 9am sharp with the next issue of the Daily. Until then, have great 3-day Christmas weekend everybody!
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Bulls Break Resistance
Tuesday, January 3rd, 2012
1:35pm (EST)
We mentioned last night although Christmas is over, the Santa Claus rally officially had two more trading days…
The market is getting a nice pop today following good news from overseas as strong manufacturing numbers from Australia, China, and India put Wall Street in a good mood before the opening bell. Germany also saw a lower unemployment rate this morning while here at home, the ISM Index and Construction Spending numbers came in better-than-expected.
China’s PMI (Purchasing Manager Index) numbers were released over the weekend and showed expansion in December after posting a reading of 50.3, up from 49 in November. Non-manufacturing industries for China were also up and came in at 56 versus a print of 49.7 in November. Both figures caught most economists off guard as a reading over 50 shows expansion. In India, PMI rose the most in 6 months.
Of course, the next hurdle, will be the FOMC Minutes which will be released at 2pm (EST) sharp. There is a chance for a “QE3” announcement but the Fed has been steady in its comments and will likely sit on the sideline with Europe simmering down somewhat.
The Dow is up 186 points to 12,404 while the S&P is higher by 19 to 1,276. The Nasdaq is gaining 39 points and is at 2,643. The surge higher has meant good news for our open positions so let’s go see where we are at. We also have 2 NEW TRADES we are releasing today.
Subscribers, check the Members Area for the updates.
Tags: binary options, call options, futures options, high beta stocks, Hot stocks, momentum options, Momentum stocks, option market, option tips, options, options mentoring, options trading, options trading course, stock market options, weekly options, what are options
Posted in Market Commentary, Option Trades, Trade Update | Comments Off