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Tuesday, September 4th, 2012
9:00am (EST)
“The market has another week of August before September rolls around and it is usually the most bearish month of the year according to the history books. August also has some bearishness to it but so far the market is up for the month. Last week’s charts for the major indexes and the VIX showed an almost certain test to the 52-week highs and while the S&P 500 technically cleared this level, there was no “fluff” to new highs.
A pullback following a test of the 52-week high is a normal market or stock reaction. The current market is so technical and is falling right on the support and resistance lines we have outlined that we should get a really good read on a possible breakout or breakdown. We went on record last week and said the market could move 5% in September and 10% by year-end up or down depending on the headlines.
The targets we gave were Dow 14,000 or 12,600 in September followed by 14,500-14,600 or 12,000 by year-end. The S&P could be at 1,500 or 1,350 next month which would lead to 1,550 or 1,275 by Thanksgiving/ Christmas. The Nasdaq could push 3,225-3,250 or 2,925-2,900 in September and then 3,375-3,400 or 2,800-2,775 on continued strength or weakness.
There will be a ton of speculation on what Ben Bernanke might or might not do or say this Friday and over the weekend when the central bankers get together in Jackson Hole. The zombies still seem split on if another round of quantitative easing will really work and we have said how the Fed only has one bullet left.
People seem to forget that extending “Operation Twist” and the extended bond buying before that by the Fed was actually QE3 and QE4 so any new stimulus by our count would be QE5. Nothing is working and the comments from James Bullard last Thursday, a member of the FOMC, rehashed how little impact these programs have had. Yes, the first QE worked well most would agree but the real problem is the world governments want growth but growth is slowing and consumers are cutting back.
Perhaps a “saving of the euro” and another round of QE will take the market to new highs but there are so many storm clouds ahead that it is imperative we keep our eyes on the road and our hands upon the wheel. We will continue to roll with the bulls and have a real good time but be ready for a trend change if Big Ben lets the market down and Europe kicks the can off the road and into a ditch.” (from 8/26/2012 Weekly Wrap/ Monday Morning Outlook)…
The bears had the weekly edge heading into Friday’s “Black Hole” as the Dow was down 158 points; the S&P 500 a dirty dozen; and the Nasdaq was off by a hand of blackjack. The support targets we gave last week held like a rock and Friday’s rebound was a direct result of Ben Bernanke promising more quantitative easing. Although it wasn’t enough to win the week, the bulls won August and could have a September to remember if Europe delivers some good news this week. (continued…)
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If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we are 121-36 for 2012 which is a 77% win rate for all of our trade recommendations.
Our list of winners also include+576% on GMCR,+475% on AXP, +292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few.
Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours. We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap. We are excited about the back half of the year and a possible break out of the recent trading range.
If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.
Tags: AFL, AXP, blue-chip stocks, chicken option trade, chicken trade, fslr, GMCR options, momentum, momentum options, MSFT, option mentoring, stock options trading advisors, straddle option trade
Posted in European Union (EU), Market Analysis, Market Commentary, Option Trades | Comments Off
Thursday, July 19th, 2012
12:35pm (EST)
The market got a slight bid at the open as the bulls added some fluff to yesterday’s gains but the action has been choppy as we head into the second half of trading. Economic news favored the bears this morning which slowed the 2-day momentum and tomorrow’s July option expiration day could be tricky.
Initial Claims rose 34,000 to 386,000 following last week’s drop of 24,000 to 352,000 but this was expected as the auto plant retooling winds down. Continuing Claims rose by 1,000 to 3.314 million. Existing Home Sales were a disaster, dropping 5.4% in June and well below expectations. The Philly Fed came in at -12.9, up from June’s negative reading of -16.6. And finally, Leading Indicators fell 0.3% to 95.6 in June following a May reading of 95.9.
We have talked about the recent 2+ month trading range which has seen both the bulls and bears push support and resistance with some fluff. We have given you the price targets to watch for on all of the indexes to confirm a breakout or breakdown and while we thought there might be a slim chance the blue-chips tested 13,000 today, they haven’t.
International Business Machines (IBM, $195.75, up $7.75) is up 4% and has accounted for 53 positive Dow points but American Express (AXP, $56.43, down $1.86) (-17 Dow points), Wal-Mart Stores (WMT, $71.62, down $1.23) and Verizon (VZ, $44.88, down $1.01) have snuffed out half those gains and the other 26 Dow stocks are mixed.
eBay (EBAY, $44.17, up $3.71), which should be a Dow component, is zooming 9% after reporting another sweet quarter on the heels of its PayPal unit. We talked about earnings this week in the video we did for our trading course members on Sunday night. The only possible trade we really liked was eBay as we said shares could surge past $40 based on the strength PayPal continues to show.
We should have taken it a step further and profiled the August 40 calls (EBAY120818C00040000, $4.20, up $2.10) which are up 100% today. The July 40 calls (EBAY120721C00040000, $3.90, up $2.30) would have been super risky as they expire tomorrow but they are up 145% and have traded to a high of $4.45
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If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we are 105-21 for 2012.
Tags: AXP, eBay, IBM, stock options trading advisors, VZ, WMT
Posted in Earnings, Google, Market Analysis | Comments Off
Sunday, April 15th, 2012
11:30pm (EST)
1. Market Summary
2. Great Wolf Resorts (WOLF) – Bidding War Erupts
3. Global Payments (GPN) Tumbling, Further Risk Ahead
4. Earnings
5. Weekly Wrap Portfolio Update
6. Week Ahead
(To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section)
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If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we are off to a unprecedented start for 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we are 68-13 and we doubt you will find a hotter newsletter. We closed out 8 winners just last week including 2 put option trades that banked our subscribers 171% and 100%!
Our list of winners include +475% on AXP, +292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few. In other words, these solid gains could have turned a $10,000 trading account into $49,000 for a 390% return using our recommendations.
Our Weekly Wrap Covered Call Portfolio is 17-0 for 2012. We were 16-0 in 2011. Even better, we could add 3 more double-digit winners this week! Some of our sweet returns include +55% on SZYM, +27% on CLNE, +38% on VVUS, +19% on MGM, 18% on DNDN, and 20% on DAR. Remember, if you can make 20% on just 5 trades, you will double your money.
Tags: AXP, COF, fslr, MGM option trades, Stock Market Weekly Wrap, stock options trading advisors, SZYM
Posted in Market Analysis, Market Commentary | Comments Off
Wednesday, April 11th, 2012
9:00am (EST)
The bears continued with their winning ways as they turned a snowball into an avalanche to bury the bulls by the close. The market struggled early and often on Tuesday as the major indexes fell nearly 2% and below another layer of support. The charts we have been showing you for the past few weeks have been spot on and yesterday’s plunge was a beautiful thing for our current portfolio which is loaded with put options.
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If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we are off to a powerful start for 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and MONTHLY double-digit gains for our Weekly Wrap. Our 2012 Track Record is now an incredible 61-13 as of early April with 12 triple-digit winners and another 9 trades that returned 75% or more, on average.
Our list of winners include +475% on AXP, +292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few. In other words, these solid gains could have turned a $10,000 trading account into $49,000 for a 390% return using our recommendations.
Tags: AFL, AXP, fslr, MGM, Stock Market Weekly Wrap, stock options trading advisors, TSM
Posted in Market Analysis, Market Commentary, Trade Update, Trading Psychology | 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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All Eyes on Europe
Tuesday, September 4th, 2012
9:00am (EST)
“The market has another week of August before September rolls around and it is usually the most bearish month of the year according to the history books. August also has some bearishness to it but so far the market is up for the month. Last week’s charts for the major indexes and the VIX showed an almost certain test to the 52-week highs and while the S&P 500 technically cleared this level, there was no “fluff” to new highs.
A pullback following a test of the 52-week high is a normal market or stock reaction. The current market is so technical and is falling right on the support and resistance lines we have outlined that we should get a really good read on a possible breakout or breakdown. We went on record last week and said the market could move 5% in September and 10% by year-end up or down depending on the headlines.
The targets we gave were Dow 14,000 or 12,600 in September followed by 14,500-14,600 or 12,000 by year-end. The S&P could be at 1,500 or 1,350 next month which would lead to 1,550 or 1,275 by Thanksgiving/ Christmas. The Nasdaq could push 3,225-3,250 or 2,925-2,900 in September and then 3,375-3,400 or 2,800-2,775 on continued strength or weakness.
There will be a ton of speculation on what Ben Bernanke might or might not do or say this Friday and over the weekend when the central bankers get together in Jackson Hole. The zombies still seem split on if another round of quantitative easing will really work and we have said how the Fed only has one bullet left.
People seem to forget that extending “Operation Twist” and the extended bond buying before that by the Fed was actually QE3 and QE4 so any new stimulus by our count would be QE5. Nothing is working and the comments from James Bullard last Thursday, a member of the FOMC, rehashed how little impact these programs have had. Yes, the first QE worked well most would agree but the real problem is the world governments want growth but growth is slowing and consumers are cutting back.
Perhaps a “saving of the euro” and another round of QE will take the market to new highs but there are so many storm clouds ahead that it is imperative we keep our eyes on the road and our hands upon the wheel. We will continue to roll with the bulls and have a real good time but be ready for a trend change if Big Ben lets the market down and Europe kicks the can off the road and into a ditch.” (from 8/26/2012 Weekly Wrap/ Monday Morning Outlook)…
The bears had the weekly edge heading into Friday’s “Black Hole” as the Dow was down 158 points; the S&P 500 a dirty dozen; and the Nasdaq was off by a hand of blackjack. The support targets we gave last week held like a rock and Friday’s rebound was a direct result of Ben Bernanke promising more quantitative easing. Although it wasn’t enough to win the week, the bulls won August and could have a September to remember if Europe delivers some good news this week. (continued…)
********************************
If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Together, we are 121-36 for 2012 which is a 77% win rate for all of our trade recommendations.
Our list of winners also include+576% on GMCR,+475% on AXP, +292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few.
Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours. We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap. We are excited about the back half of the year and a possible break out of the recent trading range.
If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.
Tags: AFL, AXP, blue-chip stocks, chicken option trade, chicken trade, fslr, GMCR options, momentum, momentum options, MSFT, option mentoring, stock options trading advisors, straddle option trade
Posted in European Union (EU), Market Analysis, Market Commentary, Option Trades | Comments Off