9:00am (EST)
The market spent all of Monday in the red as the bulls tried to recover from the opening losses at the start of trading. The market was unable to gain any momentum following another day of Greece this and Greece that but there was a late day push to get back to even. We said yesterday the market still felt like it wanted to go higher but we simply ran out of time as the bears held on for the win.
The Dow slipped 17 points, or 0.1%, to finish at 12,845. The blue-chips traded to a low of 12,793 which was just under prior resistance at 12,800 and is trying to serve as new support.
The S&P 500 fell less than a point, or 0.1%, to settle at 1,344. The index kissed a low of 1,337 but went out right at its high for the day as the bears failed to crack 1,325.
The Nasdaq gave back 3 points, or 0.1%, to end at 2,902. Tech dropped to 2,887 intraday and we were rooting for a close above 2,900 which we got by the closing bell.
Despite the lack of action, we were able to close out another winning trade yesterday and took half profits in another as we ran out 2012 Track Record to 19-1, or an 95% win rate. We also want to explain to you real quick what makes us the best option service in the business.
As we have mentioned, most option sites do not have track records because they don’t trade or because they don’t want you to know their results. The few websites that do offer track records, well, some of them are tricky in the way they record their results and we want to point this out to you.
There are some websites which record their “winning results” but if you look closely, they will count the same trade twice, three times, or in some cases, four times, by closing out half, third, or quarter positions. This is not right and this is not fair to you as an investor.
In other words, if we recommend a trade and tell you to take half profits, we count closing the other half as ONE trade – win, lose, or draw. If we close half of a trade at $1 and the other half at $2, our average closing price for the trade is $1.50. If we posted results this way, we could be 36-1 instead of 20-1 to start 2012. See the difference already?
The “other” option sites might also recommend a position at $2 and then when it drops to $1 they tell you to “average down” and buy more. Yet, when both “half” positions end up expiring worthless, they average the trade at $1.50 and count it as one losing trade instead of 2.
Folks, we do not do any of these smoke-and-mirror gimmicks and what really separates us from other option newsletters is that we have 3 auto-trading partners that verify our results. We also have a loyal subscriber base and our integrity is the most important value to us along with your trust.
We won’t get every trade right but we do have a 4-year track record of over 70%. Our subscribers keep tabs on what is happening out there. Our NEW subscribers tell us where they came from and provide us with the results because they are happy to have found us.
With that said, futures are up and we have a NEW TRADE we are trying to get into this morning. Dow futures are lower by 11 points to 12,765 while the S&P futures are off 3 points to 1,336. The Nasdaq 100 futures are showing a decline of 5 points and are at 2,520.
Subscribers, check the Members Area for the updates and make sure to use limit prices at the open to get the best fill.
Get RSS Feed
Bulls Get “One Clap”
Friday, February 3rd, 2012
12:40pm (EST)
This is going to be a fun ride…
The groundhog saw his shadow yesterday which means we should get 6 more weeks of winter. It would be beautiful if the bears hibernate through mid-March.
At some point the talking heads and Wall Street pros will get their pullback, however, until then, the old saying is “the trend is your friend”. Until it ends.
We have had a tremendous week as we have hit a number of big trades and we have been waiting a long time to play this video. It couldn’t have come on a better day as we believed in the bulls while everyone else has been hoping for a pullback.
With two 200% winners this week, yeah, we are feeling good. It’s the reason we worked through Christmas and it’s the reason our staff works around the clock to bring you the best trades every week. The bulls took the ball deep and took the top off the Bears defense and we right there with them…
As we head to press, the Dow is up 144 points to 12,849 while the S&P 500 is higher by 17 points to 1,343. The Nasdaq is higher by 43 points to 2,903.
We have more action to take on a trade that is up 71% so let’s go ring the register, yet again. We told our subscribers to get another wheelbarrow out and we hope to fill it just like the one we filled for them in January.
There’s not much more to say until Sunday night after the Super Bowl which is when our Weekly Wrap will be out. Until then, have a great weekend everyone!
Tags: momentum, momentum options, option mentoring, stock options trading advisors, straddle option trade
Posted in Market Analysis, Market Commentary, Trade Update | Comments Off