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Friday, April 20th, 2012
9:00am (EST)
The bears took another step closer to getting back to even for the week following Thursday’s big win.
We mentioned the sun was shining over the bulls at the crack of dawn but things quickly reversed course after worse-than-expected economic news hit the Street. We know the talking heads get paid to pump up the market but they seemed stunned when they heard yesterday’s jobless claims numbers. There were a number of colorful commentators saying the numbers “just aren’t strong enough”. Duh.
The Dow fell 68 points, or 0.5%, to settle at 12,964. The blue-chips fell through the 13,000 level shortly after the open and were down 136 points at one point to 12,896. The index rebounded into the close to avoid a triple-digit loss but will need to close above 13,000 to keep the momentum going into next week.
The S&P dipped 8 points, or 0.6%, to end at 1,376. The index traded up to 1,390 in the AM but dipped below 1,375 during our midday update. The low came in at 1,370 and a close below the two aforementioned levels ahead of the weekend would be bearish.
The Nasdaq got punished for 24 points, or 0.8%, to finish at 3,007. Tech traded to a high of 3,058 but gave way to the 3,000 level shortly after our briefing. The next wave of support comes in at 2,975 but a break below this level gets 2,850 back in play. Tech will continue to lead the market higher or lower but it doesn’t seem to have the strength to take us to new highs with Tech heavyweights coming in with mixed results.
Over the past 15 years, the blue-chips have finished in positive territory 12 times on April Expiration Day. This means there is an 80% chance of the market finishing higher today but it is only one piece of the puzzle.
The Dow could rebound following Microsoft’s (MSFT, $31.03, down $0.13) earnings which came in above estimates after the close last night. The company reported a profit of 2 pennies ahead of estimates (60 cents a share versus expectations for 58 cents) and revenue also beat ($17.4 billion vs. $17.2 billion).
There are no major economic reports scheduled for today and futures are showing a strong positive open as we head into the last trading day of the week. Dow futures are up 69 points to 12,971 while the S&P futures are higher by 6 points to 1,378. Nasdaq 100 futures are gaining 10 points to 2,363.
Subscribers, check the Members Area for the updates.
Tags: Dow, MSFT, S&P 500 MSFT earnings Posted in Earnings, Market Analysis, Market Commentary | Comments Off
Sunday, February 12th, 2012
11:00pm (EST)
1. Market Summary
2. Pizza Inn (PZZI) – Our New Favorite Pie
3. Standard Pacific (SPF) – Is Housing Back?
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 great 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 23-1 over the first 6 weeks of the year. Our list of winners include 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 Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and went 16-0 for 2011. Even better, we went 7-0 in January and could go 5-0 this week. Sign-up now and receive access instantly to our stock options trading recommendations!
Tags: auto trading options, MGM, MSFT, SGMS, stock options trading, STX Posted in Hot Stocks, Market Analysis, Market Commentary | Comments Off
Friday, January 27th, 2012
11:35am (EST)
We are adding 2 NEW TRADES to our DAILY portfolio this morning and another Microsoft (MSFT, $29.28, down $0.22) call option trade of ours has been closed this morning after our Hard Stop was hit. The trade returned 70% in 3 weeks. We have gotten off to a sweet start for 2012 as we have now closed 17-out-of-18 winning trades. Subscribers, check your email inbox or the Members Area to get the new trades. As usual, use limit prices to get the best fills.
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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 and ended 2011 with a 16-0 record. Last week, the 2012 Portfolio closed out 7 winners to run our record to 23-0. Sign-up now and receive access instantly!
Tags: call option trade, MSFT Posted in Trade Update | Comments Off
Monday, January 23rd, 2012
9:00am (EST)
Well, Europe didn’t flare up and 4Q earnings came in halfway decent for some, not so good for others. These were the 2 catalysts that we said would move the market higher or lower last week and the results favored the bulls who were able to push another layer of resistance.
It was a shortened week for the market but the indexes moved higher on Tuesday following good news out of China but gave back half the gains after the Financial sector ended mixed. Citigroup (C, $29.64, up $0.31) and Wells Fargo (WFC, $30.54, up $0.39) missed and beat Wall Street’s estimates after announcing earnings to start the week.
There was follow through on Wednesday as the major averages ended the session with 1% pops, on average. eBay (EBAY, $31.93, up $0.42) posted better-than-expected results on the strength of their PayPal business which is going gang-busters globally.
We were expecting a flat to down Thursday as we weren’t sure what kind of numbers the jobs market would post before the bell and a number of Tech’s heavy-hitters were reporting earnings after the close. Thankfully, Initial Claims fell to their lowest level (351,000) in 4 years which put the bulls in a good mood and took some of the pressure off of Tech – which ended up leading the way higher. Bank of America (BAC, $7.07, up $0.11) gave the Financial stocks a lift after beating expectations.
Friday’s action was all about “old” Tech versus “new” Tech as Google (GOOG, $585.99, down $53.58), Intel (INTC, $26.38, up $0.75), International Business Machines (IBM, $188.52, up $0.08) and Microsoft (MSFT, $29.71, up $1.59) weighed-in with their numbers, which were good for the most part. The ugly duckling was Google which dropped 8% after missing Wall Street’s estimates. Intel, IBM and Microsoft accounted for 78 blue-chip points.
As a result, the Dow gained 96 points, or 0.8%, to end at 12,720. The blue-chips dipped to a low of 12,620 at the open but held new short-term support at 12,600 which was prior resistance. We could not have called this much better as we said a break above 12,600 would lead to a test up to 12,750-12,800…(read more)
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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 are off to a fast 14-1 start for 2012 and our subscribers have already closed 3 triple digit winning trades for gains of 124%, 100%, and 131% and another call option trade for 82%.
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 and is 8-0 so far in 2012 after the trades we closed on Friday. Sign-up now and receive access instantly to our stock options trading recommendations!
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 to the right.
Tags: c, eBay, GOOG, IBM, INTC, MSFT, wfc Posted in Earnings, Market Analysis, Market Commentary | Comments Off
Friday, January 20th, 2012
10:40am (EST)
We have profits to take on a number of trades. One of our trades is up 80% in less than 24 hours so we are taking half profits ahead of the weekend. Our Microsoft (MSFT, $29.07) trade is up 54% in 2 weeks so we are closing it as well. One of our MGM Resorts (MGM, $12.82, up $0.02) call trades is up 131%, Seagate Technology (STX, $19.89, up $0.05) is a double and is up 100%, and Taiwan Semiconductor Manufacturing (TSM, $14.12, down $0.14) has returned our subscribers over 80% in just one week.
As much as we want to leave these trades open, let’s book profits as we still have a number of other open trades to play a continued upside move in the market. Better to be safe than sorry. Subscribers, check the Members Area for the details and we will be back around lunchtime with our next update.
**************************************
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 10-0 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: MGM, MSFT, STX, TSM Posted in Trade Update | Comments Off
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April Option Expiration Day Normally Bullish
Friday, April 20th, 2012
9:00am (EST)
The bears took another step closer to getting back to even for the week following Thursday’s big win.
We mentioned the sun was shining over the bulls at the crack of dawn but things quickly reversed course after worse-than-expected economic news hit the Street. We know the talking heads get paid to pump up the market but they seemed stunned when they heard yesterday’s jobless claims numbers. There were a number of colorful commentators saying the numbers “just aren’t strong enough”. Duh.
The Dow fell 68 points, or 0.5%, to settle at 12,964. The blue-chips fell through the 13,000 level shortly after the open and were down 136 points at one point to 12,896. The index rebounded into the close to avoid a triple-digit loss but will need to close above 13,000 to keep the momentum going into next week.
The S&P dipped 8 points, or 0.6%, to end at 1,376. The index traded up to 1,390 in the AM but dipped below 1,375 during our midday update. The low came in at 1,370 and a close below the two aforementioned levels ahead of the weekend would be bearish.
The Nasdaq got punished for 24 points, or 0.8%, to finish at 3,007. Tech traded to a high of 3,058 but gave way to the 3,000 level shortly after our briefing. The next wave of support comes in at 2,975 but a break below this level gets 2,850 back in play. Tech will continue to lead the market higher or lower but it doesn’t seem to have the strength to take us to new highs with Tech heavyweights coming in with mixed results.
Over the past 15 years, the blue-chips have finished in positive territory 12 times on April Expiration Day. This means there is an 80% chance of the market finishing higher today but it is only one piece of the puzzle.
The Dow could rebound following Microsoft’s (MSFT, $31.03, down $0.13) earnings which came in above estimates after the close last night. The company reported a profit of 2 pennies ahead of estimates (60 cents a share versus expectations for 58 cents) and revenue also beat ($17.4 billion vs. $17.2 billion).
There are no major economic reports scheduled for today and futures are showing a strong positive open as we head into the last trading day of the week. Dow futures are up 69 points to 12,971 while the S&P futures are higher by 6 points to 1,378. Nasdaq 100 futures are gaining 10 points to 2,363.
Subscribers, check the Members Area for the updates.
Tags: Dow, MSFT, S&P 500 MSFT earnings
Posted in Earnings, Market Analysis, Market Commentary | Comments Off