|
|
|
|
|
 |
|
|
 |
Friday, December 30th, 2011
12:35pm (EST)
Futures were flat when we hit the rack last night and were at the same levels heading into this morning’s opening bell. Halfway through the session, not much has changed as the bulls try to hold current levels.
With light volume, anything can happen but the last hour of trading could get very interesting. The few traders who are working this week, like us, may try to get ahead of next week’s open by forcing some hands. If there is a big spike past resistance into the close, next week could have fund managers chasing right off the bat. If support breaks, there could be panic on Tuesday morning.
We doubt this happens but we will be watching. In fact, if we see something late, we might take positions so stay locked-and-loaded until 3:59pm (EST).
We will go over our 2011 stats next week but it looks as though our 2011 portfolio will end the year with over $15,000 in profits with our winning percentage near 70% for ALL of our options trades. This means if you started an account with $10,000 you could have made 150% on your money, or, if you started with $15,000, you could have doubled your money this year with our recommendations.
Our Weekly Wrap was 16-0 for 2011 and should be closing 2-3 trades in January that will run the track record to 19-0. Remember, if you go to our subscription page you can get both the Daily and the Weekly for 1-year at a huge savings by purchasing both. You will also get our trading manual, How to Trade Options on Momentum Stocks, at no charge (an $899 value) and shipping is on the house. The trading course comes with ongoing videos and we will be cutting the cord on this deal shortly. Our next video is scheduled for the first week of January and you won’t want to miss it!
We will be back Monday night with the Weekly Wrap and Tuesday morning with our next issue of the Daily. We will be going into 2012 with 8 open trades for our Daily and some of them are doing really well. If you want to take your trading to the next level, come join us.
As we head to press, the Dow is down 34 points to 12,253 while the S&P 500 is off by 2 points to 1,260. The Nasdaq just turned red and is down a half-point. Subscribers, check the Members Area for the last minute adjustments and remember to be on the alert until the closing bell sounds!
Tags: About options trading, option trading, stock and option, stock exchange, stock to buy, stock trading, trade online, trading futures, trading online, trading system, what are stock options, what is a call, what is option trading
Posted in Market Analysis, Market Commentary, Trade Update, Trading Tips | Comments Off
Monday, November 28th, 2011
9:00 (EST)
The market continued its recent slide as the bears had their best bull feast in nearly 80 years as Wall Street fell 5% last week. The recent selling pressure became much more serious as all of the indexes fell below their 50-day moving averages (MA) with the bears stretching their winning streak to seven-straight sessions.
The headline news read like a Vegas betting parlor as a number of European countries face further risks of defaulting. Germany was the latest country which showed a chink in the armor after trying to raise $6 billion euro but was only able to raise a little over half of it. Spain also went to the well and was successful in its bond auction but the yields came at a hefty price. Italy faces a huge crisis in 2012 if they can’t raise more dough, and they are trying, but it’s costing them an arm-and-leg.
The news here at home continues to come in better-than-expected and this week will be big with a number of month-end reports due out. As far as the charts, they have been stretched which often happens when headline news trumps the technical picture. The bears have clearly had the advantage and at some point there will be a rebound but until Europe can figure out its mess, the market will be held hostage.
The Dow slipped 26 points, or 0.2%, to finish at 11,232 on Friday’s shortened session. We went into the week looking for 11,600 to hold but that level was taken out on Monday. Our next downside targets were 11,400 and then 11,200, which held, but there is risk down to 10,800 this week if current levels don’t hold. If the bulls can get past 11,400 (black line, purple circles) then they could make a run back towards 11,600 and then 12,000 but the news has got to be awfully good. For the week, the Dow dropped 564 points, or 4.8%, and is now down 346 points, or 3% YTD…
************************
If you are not a subscriber but would like to read more about where the market is headed and to take a closer look at our chart work along with our current trades, please click here. Since early August we have made 48 recommendation, both calls and puts, and have hit on 40 out of 48 trades for a winning percentage of over 80%! Some of our recent winners include:
+169% on Joy Global (JOYG) call options in 2 days
+137% in Research In Motion (RIMM) put options in 3 weeks
+130% in Spreadtrum Communications (SPRD) call options in 4 weeks
+164% in FedEx (FDX) put options in 6 days
+184% in Goldman Sachs (GS) put options in 5 days
+191% in O’Reilly Automotive (ORLY) call options in 17 days
+100% in VMWare (VMW) call options in 4 days
We are one of the fastest growing stock options trading advisors on the internet. We offer powerful call and put option trades aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Sign-up now and receive access instantly!
Futures are pointing towards a strong start for today’s session and look like this: Dow (+255), S&P 500 (+34), Nasdaq 100 (+53). We recommended 4 new trades on Friday and after two weeks of being patient and building new positions, hopefully we get the surge we have been expecting. Subscribers, check the Members Area for the updates.
Tags: Dow, Momentum stocks, stock options trading advisors
Posted in Apple, BioTech, China, Commodities, Company Commentary, Covered Calls, Earnings, Economic News, Entertainment Stocks, European Union (EU), Financial Stocks, Futures, Gold, Google, Hot Stocks, IPOs, Market Analysis, Market Commentary, Mergers and Acquisitions, Money Management, Oil, Option Trades, Rick's Account, Sectors, Stock Earnings, strangle option trades, Trade Update, Trading Psychology, Trading Tips, Uncategorized, VIX, Watch Lists, Yahoo / Microsoft | Comments Off
Friday, November 25th, 2011
11:00am (EST)
We are adding 4 NEW TRADES for our Daily portfolio today as we look to play the market’s next big move. Subscribers, check your email inbox or the Members Area to get the updates.
*****************************
If you are not a subscriber but would like to be, please click here. We are one of the fastest growing stock options trading advisors on the internet. We offer powerful call and put option trades aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Sign-up now and receive access instantly!
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading advisors, straddle option trade
Posted in Trade Update, Trading Tips | Comments Off
Friday, October 28th, 2011
12:25pm (EST)
It has been an incredible week (and month) to say the least, and one of historic proportions which is why we love playing this game so much. Trust us, sometimes we know it can be hard to stay the course but being a professional option trader is the best job on the planet. Hands down.
The high and lows can be nerve-racking sometimes but as long as you stick to your trading strategies then it helps keep your emotions in check. For those of you who stuck out the 8-week trading range and stayed in the market with us then you are reaping the rewards of being patient.
Of course, sometimes we get trapped and we are on the wrong side of the trade or the market but over the last few months we have been all spades while other fund managers and specifically, other option newsletters have struggled to give you winning trades in this tough market. We know, we read your comments and we are happy to have you on board.
We made big bets building up bullish call positions all month long while the suit-and-ties and talking heads kept calling for a pullback. However, we got so many clues that this market was heading higher and we kept feeding them to you. The current 4-week rally was setting up beautifully on the charts each week and when we got the bounce off the October 4 lows, there was no looking back. In fact, we mentioned that day it felt like capitulation, and we made some great trades buying put options ahead of the drop as the indexes fell through the bottom of their trading ranges but held support by the close.
If you look at our closed trades for 2011 (if you are not a subscriber, request it), you will see where we opened 8 put trades near the end of September and we closed all of them except 1 when the market bottomed on October 4. You will also see where we started buying call options the VERY next day when we saw support holding.
We weren’t sure if there would be a breakout, but what we did know is that a test back to the top of the trading range was a given. Yes, we did get a bonus package with yesterday’s surge which has allowed us to close 22-straight winning option trades and 26-out-of-28 since late September. However, our Weekly Wrap and Monday morning outlook have nailed support and resistance all YEAR long.
Having said that, we are also trying to keep our portfolio “light” because we do expect the volatility to continue and there are a few headwinds coming up in November that worry us. The main one will be the “Super Committee” and the possibility of a curve ball over the European debt crisis. There are already whispers concerning Italy again.
The charts this weekend will offer better clues in what lies ahead for the major indexes, but for now, let’s give the bulls their due. The Dow will be heading into Monday’s session up nearly 11% for the month while the Nasdaq and S&P are up a staggering 13%. 20% if you count the bounce off the intraday lows.
Unless the bottom falls out on Halloween, the market is poised for a double-digit gain for October.
As we head to press, the Dow is down 8 points to 12,200 while the S&P is off by 3 points to 1,281. The Nasdaq is lower by 10 points to 2,728.
We have incredible news again today as one of the trades we opened this morning is up nearly 80% in 3 hours! Our subscribers will be locking in half profits as soon as we send this update out! We are also closing another trade that is up 69% in 2 days. Subscribers, check the Members Area for the updates!
We will be back Sunday night with the Weekly Wrap and some chart work for you to study. Until then, have a great weekend!
Tags: About options trading, option trading, stock and option, stock exchange, stock to buy, stock trading, trade online, trading futures, trading online, trading system, what are stock options, what is a call, what is option trading
Posted in Market Commentary, Trade Update, Trading Tips | Comments Off
Thursday, October 20th, 2011
12:55pm (EST)
Trading ranges can be tough, tricky, and frustrating and the events that cause them can take weeks or months to play out. At times, when you are at the top or bottom of a range then trading can be easy as you buy the rips and sell the dips which is what we have been doing since August by playing the current range.
When trading ranges get stretched at the top, making money becomes even more difficult as part of you as a trader wants to bet on a breakout. However, what we have learned this year is that it is best to wait instead of pushing the action although you still want to be involved in a little bit of the action. The key is to play what is working.
The Japan earthquake in March, the Greece debt in June (and now), the government debt-limit crisis in July which led to the S&P downgrade of the U.S. credit rating in August have all caused the bulls a headache and the current trading range feels like a migraine. But be patient, we will get some clues here shortly on if we are going to get a breakout or another breakdown.
Economic news here at home has been pretty good but Germany is once again swinging a big stick as it said it would consider a postponement of the European Union (EU) Summit as an option. The bulls have been banking on a positive outcome from the EU Summit which is scheduled for this coming weekend but it could be delayed. Imagine that.
As far as the good news, Initial Claims came in at 403,000, which matched forecasts and were lower than last week’s count of 409,000 claims. Continuing Claims were 3.71 million. Elsewhere, the Philadelphia Fed Manufacturing Survey came in at a positive 8.7, versus expectations for a print of negative 9.4. Existing home sales for September were 4.91million units which also matched expectations.
We do have a Profit Alert for one of our trades as we are closing half of the position today to lock in profits and to take some risk off the table. We mentioned our portfolio is lightening up and we are waiting patiently for the next “big move” which could happen at any moment given the current volatility. However, we are also adding a new call option to one of our current trades because shares are showing tremendous strength.
As we head to press, the Dow is down 72 points to 11,432 but is still holding support. The S&P is getting “stretched” and is off by 8 points to 1,202 but has fallen below 1,200 today. The Nasdaq is getting punished for 34 points and is at 2,570.
Subscribers, check the Members Area to lock up half profits and keep your fingers crossed for a good earnings report after the bell from the company we are following. Also, look for the NEW TRADE we are adding on top of our current position.
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 Analysis, Trading Tips | Comments Off
|
|
|  | | | |
Get RSS Feed
Market Hugging Flat Line on Last Day of Trading
Friday, December 30th, 2011
12:35pm (EST)
Futures were flat when we hit the rack last night and were at the same levels heading into this morning’s opening bell. Halfway through the session, not much has changed as the bulls try to hold current levels.
With light volume, anything can happen but the last hour of trading could get very interesting. The few traders who are working this week, like us, may try to get ahead of next week’s open by forcing some hands. If there is a big spike past resistance into the close, next week could have fund managers chasing right off the bat. If support breaks, there could be panic on Tuesday morning.
We doubt this happens but we will be watching. In fact, if we see something late, we might take positions so stay locked-and-loaded until 3:59pm (EST).
We will go over our 2011 stats next week but it looks as though our 2011 portfolio will end the year with over $15,000 in profits with our winning percentage near 70% for ALL of our options trades. This means if you started an account with $10,000 you could have made 150% on your money, or, if you started with $15,000, you could have doubled your money this year with our recommendations.
Our Weekly Wrap was 16-0 for 2011 and should be closing 2-3 trades in January that will run the track record to 19-0. Remember, if you go to our subscription page you can get both the Daily and the Weekly for 1-year at a huge savings by purchasing both. You will also get our trading manual, How to Trade Options on Momentum Stocks, at no charge (an $899 value) and shipping is on the house. The trading course comes with ongoing videos and we will be cutting the cord on this deal shortly. Our next video is scheduled for the first week of January and you won’t want to miss it!
We will be back Monday night with the Weekly Wrap and Tuesday morning with our next issue of the Daily. We will be going into 2012 with 8 open trades for our Daily and some of them are doing really well. If you want to take your trading to the next level, come join us.
As we head to press, the Dow is down 34 points to 12,253 while the S&P 500 is off by 2 points to 1,260. The Nasdaq just turned red and is down a half-point. Subscribers, check the Members Area for the last minute adjustments and remember to be on the alert until the closing bell sounds!
Tags: About options trading, option trading, stock and option, stock exchange, stock to buy, stock trading, trade online, trading futures, trading online, trading system, what are stock options, what is a call, what is option trading
Posted in Market Analysis, Market Commentary, Trade Update, Trading Tips | Comments Off