12:35pm (EST)
The market is mixed after a higher open and then fell into negative territory as we head into the second half of trading. We could really see the action pick-up as we head towards the closing bell and if we trend higher the bulls will be feeling good over the weekend.
If the market can push through resistance today and then again on Monday we could see individual investors and those who haven’t believed the rally start to jump back in.
The narrow range we have been in over the past few weeks could lead to a big explosion to the upside and there are a lot of catalysts that can take us higher.
We are also aware that the market is also at a “double top” and there is a chance of a pullback but we can feel the momentum, folks.

Currently, the Dow is up 6 points to 10,618, the S&P 500 is flat at 1,150 while the Nasdaq is holding fort at 2,368.
No news, yet, on the FDA’s decision for Amylin Pharmaceuticals (AMLN, $20.41, down $0.78) diabetes drug Byetta but the company did mess up on an inspection. Talk about not dotting your “i’s” and crossing your “t’s”, the company had a manufacturing plant that wasn’t up to par when U.S. regulators paid the company a visit during a December inspection.
Geez, it almost makes us want to rush out and buy the March 15 puts (AQM100320P00015000, $0.80, up $0.10). We won’t take the trade because the company could still get some good news but there have been 8,500 contracts traded thus far.
Next week the March options expire and this usually brings added volatility so we wanted to update all of our trades early today. We have one open trade that is up 165% and we are sure our subscribers are eager to hear our thoughts.
We are getting ready to crank it up next week with 5-10 possible hot NEW trades and the profit opportunities look really good. You could make next week one to remember by adding some serious gains to your portfolio if you are ready to join us in the action. There will be risks and we will be looking at both calls and puts to play the volatility.
We will be back Sunday night with the Weekly Wrap and a complete review of this week’s action and a fresh outlook. We are at a pivot point and the battle between the bulls and bears next week could be a classic…
Next Week Will Be Interesting…
Friday, March 12th, 2010
12:35pm (EST)
The market is mixed after a higher open and then fell into negative territory as we head into the second half of trading. We could really see the action pick-up as we head towards the closing bell and if we trend higher the bulls will be feeling good over the weekend.
If the market can push through resistance today and then again on Monday we could see individual investors and those who haven’t believed the rally start to jump back in.
The narrow range we have been in over the past few weeks could lead to a big explosion to the upside and there are a lot of catalysts that can take us higher.
We are also aware that the market is also at a “double top” and there is a chance of a pullback but we can feel the momentum, folks.
Currently, the Dow is up 6 points to 10,618, the S&P 500 is flat at 1,150 while the Nasdaq is holding fort at 2,368.
No news, yet, on the FDA’s decision for Amylin Pharmaceuticals (AMLN, $20.41, down $0.78) diabetes drug Byetta but the company did mess up on an inspection. Talk about not dotting your “i’s” and crossing your “t’s”, the company had a manufacturing plant that wasn’t up to par when U.S. regulators paid the company a visit during a December inspection.
Geez, it almost makes us want to rush out and buy the March 15 puts (AQM100320P00015000, $0.80, up $0.10). We won’t take the trade because the company could still get some good news but there have been 8,500 contracts traded thus far.
Next week the March options expire and this usually brings added volatility so we wanted to update all of our trades early today. We have one open trade that is up 165% and we are sure our subscribers are eager to hear our thoughts.
We are getting ready to crank it up next week with 5-10 possible hot NEW trades and the profit opportunities look really good. You could make next week one to remember by adding some serious gains to your portfolio if you are ready to join us in the action. There will be risks and we will be looking at both calls and puts to play the volatility.
We will be back Sunday night with the Weekly Wrap and a complete review of this week’s action and a fresh outlook. We are at a pivot point and the battle between the bulls and bears next week could be a classic…
Tags: AMLN, Amylin Pharmaceuticals, DJIA, Dow Jones double top, option picks, option signals, options alerts, stock options trading
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