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.
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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.
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