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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
Wednesday, May 16th, 2012
9:00am (EST)
The market struggled to hold its gains on Tuesday and finished the session lower as the final hour of trading favored the bears. The bulls made a run at resistance which was prior support but it wasn’t enough to stop the current downside momentum.
We often say history likes to repeat itself while the suit-and-ties prefer to say history “reminds” us of the past. We prefer our way of shop talk because the major averages were dancing right on their January/ February highs and lows which is giving us another clear warning signal.
*************************
Our subscribers know we have been in an 8-month zone in calling the current market tops and bottoms as we have nailed 24-straight winning put option trades since late March. We have been right on over 80% of our trades since late 2011. From January 2012 until the end of March, we loaded up on call options. We have been waening of the trend change that was coming.
Since the end of March, we have been in put options except for one trade which is a call option and is currently up over 235%. Our current 2012 Track Record is showing gains of over 600% as we are 85-18 for the year with numerous triple-digit winners. Some of our trades have made upwards of 570%. Seriously. If you had started the year with a $10,000 trading account, it would be worth nearly $73,000 in just 5 months based on making 100 trades at $2,000 or less per position. Knock off some zeros and you could have started trading options with as little as $1,000 which would be worth $7,300 by now.
We also have auto-trading brokers that verify our results for those who cannot watch the market all day long. They do the trades for your account and execute the trade instructions as soon as we send out an NEW option trade or Trade Alert.
If you are not a current subscriber but would like to see our Closed 2012 Track Record, send us an email. If you would like to join us, click here, to get our latest option trade recommendations.
Tags: February market lows, momentum options, momentum stocks options trading
Posted in Market Commentary, Strategies, Trade Update, Trading Psychology | Comments Off
Tuesday, May 8th, 2012
9:00am (EST)
The market ended mixed on Monday as Wall Street debated over Europe’s election results which many had seen as disastrous. Despite the uncertainty on who’s in or who could be out of the eurozone, the market was able to brush off those worries as the bulls held support.
The Dow fell 30 points, or 0.2%, to finish at 13,008. The blue-chips traded to a low of 12,970 and were able to hold the 13,000 level into the close. There is risk down to 12,800 this week while the bulls will try to reclaim 13,200.
The S&P added a half-point, or 0.04%, to settle at 1,369 after trading to a low of 1,363 shortly after the open. The index recovered to trade to a high of 1,373 but faded at the 1,375 level which is now serving as near-term resistance. We are looking for a test down to 1,350 this week.
The Nasdaq advanced a point-and-a-half, or 0.5%, to end at 2,957. Tech kissed a low of 2,939 but was able to hold 2,950 for much of the afternoon session. The bulls will try to push 3,000 while the bears are targeting a drop to 2,900-2,850.
The market is now going on 6-week trading range, except we are now at the bottom of it. We gave a brief outlook on what to expect over the next few weeks and we are starting to see lower highs and lower lows which is bearish.
The bulls aren’t ready to throw in the towel and this week is light on economic news until Thursday which is when we will get the weekly Jobless Claims numbers. It is possible the major indexes stay within a tight range until then as Wall Street tries to distance itself away from Europe’s woes.
We were able to close 2 more winning trades yesterday although we did leave a half position open on one of them. Our KLA-Tencor (KLAC, $49.73, down $0.13) put option trade is up a whopping 172% but we have moved the Hard Stop up to lock-in triple-digit profits no matter what happens from here on out. Of course, we would like to squeeze a little more out of the trade and hit a 200% or more return but if we don’t we will still bank a 156% profit.
For those of you who took a flyer on Fossil’s (FOSL, $129.19, down $5.81) earnings announcement, you could be getting paid today.
We profiled the May 105 puts (FOSL120519P00105000, $0.90, up $0.60) yesterday morning on our Watch List as a way to play a miss and the company did just that. They missed Wall Street’s estimates and shares are down $30 to $95 in pre-market action.
The May 105 puts should open up near $10 for a 1,000% return if you got in before the closing bell yesterday. Although it wasn’t an “official” trade, we have gotten a few excited emails this morning.
As we head to press, futures look like this: Dow (-51), S&P 500 (-5), Nasdaq (-14).
Subscribers, please notice the Hard Stops we have raised on some other trades as well and be on the lookout for possible new trades if we see something we like.
Tags: KLA-Tencor (KLAC), KLAC put options, options trading
Posted in Market Analysis, Market Commentary, Option Trades, Strategies, Trade Update | Comments Off
Wednesday, April 11th, 2012
12:30pm (EST)
We have been super busy today as we have expected some sort of snap-back rally.
The good news is the move lower on Monday and Tuesday pushed a lot of our current trades near triple-digit profits. We did a lot of research last night (as usual) and the even better news is that today’s bounce is allowing us to get into another batch of new trades.
We don’t have too much time for commentary so let’s take a look at the numbers real quick.
The Dow is up 88 points to 12,804 while the S&P is higher by 11 points to 1,370. The Nasdaq is showing a 28 point pop and is at 3,020.
After closing 8 put option trades for sweet gains earlier this morning, we have 3 NEW TRADES we are releasing right now. We think all of them could hit triple-digit returns over the next 3-4 weeks so come get some.
Subscribers, check the Members Area for the updates and we will be back in the morning with a full briefing.
Tags: triple-digit option trades
Posted in Market Analysis, Market Commentary, Strategies | Comments Off
Friday, March 30th, 2012
1:10pm (EST)
The bulls are on track to finish the first quarter and the start of the year with their highest gains in nearly 15 years. Although economic news has come in lighter-than-expected today, the bulls are making another push at resistance as we head into the weekend. The bears made a nice recovery off the Bernanke Bounce on Monday but the indexes are on track to finish the week higher despite the bears 3-day win streak which could be ending today.
As far as economic news, Personal Spending jumped 0.8% in February versus expectations for an increase of 0.7% while Personal Income rose 0.2% versus a forecast for 0.4%. The Chicago ISM slipped 1.8 points to 62.2 in March after rising nearly 4 points to 64 in February. And finally, the University of Michigan Consumer Confidence report showed a reading of 76.2, beating the suit-and-ties forecast for a print of 74.5.
The Dow is up 51 points to 13,197 while the S&P 500 is higher by 5 points to 1,408. The Nasdaq has danced on both sides of the ledger but is currently positive by 2 points to 3,097. If current levels hold, we should rally into next week.
We were able to close 4 more winning trades this week but we also took 2 lumps on trying to short the market. We played some WEEKLY options that probably aren’t going to rebound as our aggressiveness didn’t quite pan out. Our overall 2012 Track Record is now 59-13 which is an 82% winning percentage but we still hate losing trades. We probably should have played the April or May options to give the trades more time but we didn’t and we blew it.
We have had an incredible quarter to say the least as we have been able to turn a $10,000 trading account into $40,000 in just 3 months. In other words, while some of the Wall Street pros might be lucky enough to show their clients a double-digit gain for the first quarter – we made our subscribers 300%! You can request our 2012 Track Record by emailing us if you are not a member to see all of our closed trades for the year.
We are expecting another exciting quarter which kicks-off next week as we have a number of trades that are starting to set up nicely for us. There is still a chance we play some more call options but we are also watching a number of short ideas. Our biggest trade of the quarter was this week’s call option win in American Express (AXP, $58.05, up $0.16) which we closed for a 475% gain. We are looking at some longer-term put options that could make just as much if the market pulls back in May and June which we expect it will.
We have some last minute thoughts on our current trades and we will be back Sunday night with the Weekly Wrap. Until then, have a great weekend everyone!
Tags: AXP, best options newsletter, call options, Chicago ISM, options track record
Posted in Economic News, Hot Stocks, Market Commentary, Strategies | Comments Off
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Bears Pushing February Lows
Wednesday, May 16th, 2012
9:00am (EST)
The market struggled to hold its gains on Tuesday and finished the session lower as the final hour of trading favored the bears. The bulls made a run at resistance which was prior support but it wasn’t enough to stop the current downside momentum.
We often say history likes to repeat itself while the suit-and-ties prefer to say history “reminds” us of the past. We prefer our way of shop talk because the major averages were dancing right on their January/ February highs and lows which is giving us another clear warning signal.
*************************
Our subscribers know we have been in an 8-month zone in calling the current market tops and bottoms as we have nailed 24-straight winning put option trades since late March. We have been right on over 80% of our trades since late 2011. From January 2012 until the end of March, we loaded up on call options. We have been waening of the trend change that was coming.
Since the end of March, we have been in put options except for one trade which is a call option and is currently up over 235%. Our current 2012 Track Record is showing gains of over 600% as we are 85-18 for the year with numerous triple-digit winners. Some of our trades have made upwards of 570%. Seriously. If you had started the year with a $10,000 trading account, it would be worth nearly $73,000 in just 5 months based on making 100 trades at $2,000 or less per position. Knock off some zeros and you could have started trading options with as little as $1,000 which would be worth $7,300 by now.
We also have auto-trading brokers that verify our results for those who cannot watch the market all day long. They do the trades for your account and execute the trade instructions as soon as we send out an NEW option trade or Trade Alert.
If you are not a current subscriber but would like to see our Closed 2012 Track Record, send us an email. If you would like to join us, click here, to get our latest option trade recommendations.
Tags: February market lows, momentum options, momentum stocks options trading
Posted in Market Commentary, Strategies, Trade Update, Trading Psychology | Comments Off