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Monday, January 30th, 2012
1:40pm (EST)
Futures were weak throughout the night and worsened as the market headed towards the opening bell this morning. Much of the weakness can be blamed on Greece’s failure to come to an agreement on how to address their budget deficits which is dragging into the week after rumors persisted a deal was close over the weekend.
We talked about some of the issues that need to be addressed and that the main holdup seems to be Germany which wants to control the tax and spending decisions for the country. This has created a difficult environment and the market doesn’t like uncertainty.
Economic news here at home has come in ahead of expectations which have helped the bulls hold support. Personal Income rose 0.5% in December versus forecasts for an increase of 0.4%. Personal Spending was unchanged while expectations were for an increase of 0.1%. And finally, the Dallas Fed Manufacturing Index posted a reading of 15.3 which was higher than forecasts.
Although the bears are dominating today’s action, there’s some strength in certain stocks which is a good sign.
The Dow is down 66 points to 12,594 after falling through the 12,600 level. We said the first wave of support would come at 12,600-12,550 and the low today has been 12,529.
The S&P is lower by 7 points to 1,309 and has tested the 1,300 level while the Nasdaq is off by 8 points to 2,808.
Some stocks showing strength include Apple (AAPL, $452.11, up $4.83), Microsoft (MSFT, $29.43, up $0.20) and International Business Machines (IBM, $191.26, up $0.80) which is letting us know the bulls have backup.
The bears will likely do some damage today but the last few days in January and the first couple in February are normally pretty bullish so let’s see what happens. Most of our trades are holding up well despite today’s weakness so let’s go see where we are at. Subscribers, check the Members Area for the updates.
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading advisors, straddle option trade
Posted in Economic News, Market Analysis | Comments Off
Monday, January 30th, 2012
9:00am (EST)
Picking a market top or market bottom is never easy because charts can only help so much. As an option trader, we must deal with time expiration so we have to be right within a certain time frame. We also have to factor in the global markets, cross-current tensions, interest rates, defaults, saber rattling, and other headline risks. However, when all of those factors work in your favor, you can have an incredible ride.
We were probably the only newsletter which called for the Dow to challenge 13,000 back in November. Now that we are here, picking the next trend is a little more difficult because there are a new set of circumstances. The market knows where it will be in 6 months. We don’t and neither do the pros but we have called this one right once the indexes broke out of their trading range 4 months ago.
Trading ranges can last weeks or months and we must now figure out what February and March will bring but the trend is still up and we have outlined support levels to watch on the way down. We have said we expect a pullback in February (which starts Wednesday) but last week’s Fed announcement could have been a wildcard for the bulls.
Sure, at some point, the market will get a pullback. The suit-and-ties and talking heads have been calling for one all month, but the trend is still up and there are a lot of support layers the bears will have to crack to change that. The market didn’t set new 52-week highs, yet, but the bulls came close. We also like to call the overshoot to the upside the “fluff” and it’s quite possible if the bulls continue with their momentum, the market will hit our upper-end targets before the pullback. Either way, we are enjoying the ride and we have our seatbelts fastened.
The Dow fell 74 points, or 0.6%, to settle at 12,660 on Friday. The blue-chips tested a low of 12,630 midday but held short-term support at 12,600 which had been prior resistance…
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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 one of the very few option newsletters which posted a powerful 2011 return. In fact, we have NEVER had a losing year since forming in 2007 and we are off to an incredible 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 which is 17-1 for January, including 6 triple-digit winners! Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and is 23-0 on winning trades in 13 months, including 7-0 for January 2012.
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading, straddle option trade
Posted in Market Analysis, Market Commentary | Comments Off
Thursday, January 19th, 2012
10:50am (EST)
Our subscribers might need a wheelbarrow after we get finished with January. Time to ride the gravy train.
For those of you who use our Twitter Alerts, we are adding a NEW TRADE for our DAILY portfolio this morning. We have gotten off to a incredible start for 2012 and we see another great opportunity to make some quick profits. Subscribers, check your email inbox or the Members Area to get the latest updates. As usual, use limit prices to get the best fills.
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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 one of the very few option newsletters which posted a powerful 2011 return. In fact, we have NEVER had a losing year since forming in 2007.
Start 2012 with the BEST options newsletter on the internet. Last year, many pros and investment services struggled to make their clients and their paying subscribers’ money as the S&P finished flat for 2011. Not us. We were right on over 65% of our trades and our portfolio returned our subscribers over $15,000 in profits.
In other words, if you started with a $10,000 account, our option picks could have made you upwards of 150% in 2011. Over the past 4 years we are averaging a 70% winning percentage for all our trades despite volatile, flat and choppy markets. Come see why some of Wall Street’s pros are following us instead of the Journal!
Here are some of our profitable 2011 recommendations: ORLY call options +191%, VMW call options +100%, JOYG call options +169%; GS put options +184%; FDX put options +164%; OXY put options +74%; +137% on RIMM put options, +1,167% on RMBS puts in 11 days, +296% on FCX calls; +157% on ZAGG calls; +110% on LNKD puts; +133% on RLD put options.
Wait until you see our January 2012 closed trades which we will reveal in a few weeks as many of them are still active.
If you are missing these juicy profits come give us a try. Get your password to our Members Area instantly when you sign up TODAY! One profitable trade will easily pay for your membership. You can request our 2008-2011 Track Records by sending us an email or filling out the box below.
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading advisors, straddle option trade
Posted in Earnings, Hot Stocks, Trade Update | Comments Off
Tuesday, January 17th, 2012
9:00am (EST)
The bulls recorded their second-straight weekly win despite a weak start to 4Q earnings season and weaker-than-expected U.S. economic news. However headlines from Europe were mostly positive (except for Friday) as some of the bond auctions went well and Tech and the Financial stocks put in a strong week leaving the bears befuddled.
Monday’s action was flat as traders awaited Alcoa’s (AA, $9.80, down $0.13) earnings report after the bell which came in better-than-expected on some fronts. Although the company missed Wall Street’s estimates by a penny (excluding write-offs), sales came in above expectations and they announced global demand would come in at 7% which was ahead of forecasts.
This set the stage for Tuesday’s rally as commodities did well, along with the Financial stocks which took another leg higher. Tech was the star as the Nasdaq surged 1% higher to close above 2,700 for the first time since November.
Wednesday was a rest day as the market seemed on hold ahead of key events on Thursday. Although the major indexes traded in a tight range, support held following a pullback at the open before ending mixed. The S&P and Tech paced the gains while the Dow ended the day down a baker’s dozen.
Futures were pointing towards a strong start on Thursday following successful bond auctions from Italy and Spain. However, sentiment quickly changed once the U.S. unemployment figures were released. The good news was Initial Claims stayed under 400,000 and by lunchtime, the market had made its way into positive territory where is coasted higher into the close.
Friday’s action was all about JPMorgan’s (JPM, $35.92, down $0.93) 4Q earnings which were announced before the bell. The company matched expectations but missed on revenues which weighed on the Financial stocks and the market in general. We mentioned the run-up the sector was having and the expectations for an earnings beat were already baked into the cake as shares fell nearly 3% for the session after touching a low of $35.13. It was another case of buy the rumor, sell the news. However, the bigger story of the day turned out to be Standard & Poor’s ratings downgrade of Europe after the bell.
*********************************
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 one of the very few option newsletters which posted a powerful 2011 return. In fact, we have NEVER had a losing year since forming in 2007.
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. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and went 16-0 for 2011. Even better, we could go 7-0 this month as we loaded up on some solid names over the last few months of 2011. Sign-up now and receive access instantly to our stock options trading recommendations!
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading advisors, straddle option trade
Posted in Earnings, Market Analysis, Market Commentary | Comments Off
Monday, January 16th, 2012
11:00pm (EST)
1. Market Summary
2. Halozyme Therapeutics (HALO) – Ready to Pop or Drop?
3. Earnings
4. Weekly Wrap Portfolio Update
5. 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 one of the very few option newsletters which posted a powerful 2011 return. In fact, we have NEVER had a losing year since forming in 2007.
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. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and went 16-0 for 2011. Even better, we could go 7-0 this month as we loaded up on some solid names over the last few months of 2011. Sign-up now and receive access instantly to our stock options trading recommendations!
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading advisors, straddle option trade
Posted in Market Commentary | Comments Off
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Bears Growling as Bulls Push 52-Week Highs
Monday, January 30th, 2012
9:00am (EST)
Picking a market top or market bottom is never easy because charts can only help so much. As an option trader, we must deal with time expiration so we have to be right within a certain time frame. We also have to factor in the global markets, cross-current tensions, interest rates, defaults, saber rattling, and other headline risks. However, when all of those factors work in your favor, you can have an incredible ride.
We were probably the only newsletter which called for the Dow to challenge 13,000 back in November. Now that we are here, picking the next trend is a little more difficult because there are a new set of circumstances. The market knows where it will be in 6 months. We don’t and neither do the pros but we have called this one right once the indexes broke out of their trading range 4 months ago.
Trading ranges can last weeks or months and we must now figure out what February and March will bring but the trend is still up and we have outlined support levels to watch on the way down. We have said we expect a pullback in February (which starts Wednesday) but last week’s Fed announcement could have been a wildcard for the bulls.
Sure, at some point, the market will get a pullback. The suit-and-ties and talking heads have been calling for one all month, but the trend is still up and there are a lot of support layers the bears will have to crack to change that. The market didn’t set new 52-week highs, yet, but the bulls came close. We also like to call the overshoot to the upside the “fluff” and it’s quite possible if the bulls continue with their momentum, the market will hit our upper-end targets before the pullback. Either way, we are enjoying the ride and we have our seatbelts fastened.
The Dow fell 74 points, or 0.6%, to settle at 12,660 on Friday. The blue-chips tested a low of 12,630 midday but held short-term support at 12,600 which had been prior resistance…
*****************************************
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 one of the very few option newsletters which posted a powerful 2011 return. In fact, we have NEVER had a losing year since forming in 2007 and we are off to an incredible 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 which is 17-1 for January, including 6 triple-digit winners! Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and is 23-0 on winning trades in 13 months, including 7-0 for January 2012.
Tags: blue-chip stocks, chicken option trade, chicken trade, momentum, momentum options, option mentoring, stock options trading, straddle option trade
Posted in Market Analysis, Market Commentary | Comments Off