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Tuesday, February 7th, 2012
11:45am (EST)
After a month of waiting, the shorts are finally covering and running for the hills as OCZ Technology Group (OCZ, $9.93, up $0.89) has surged past double-digits today. The options we told you to pony up and buy are now up 83% so let’s ring the register. Subscribers, check the Members Area for the updates.
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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.
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 now 20-1 for 2012, including 6 triple-digit winners! Yes, 21-out-of-22 winning trades!
Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and we are 23-0 on winning trades in 13 months, including 7-0 for January 2012. We are on track to add 5 more winners when February options expire next week which would run our 2012 track record to 12-0, 28-0, overall.
Tags: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Hot Stocks, Trade Update, Trading Psychology, Trading Tips | Comments Off
Tuesday, January 31st, 2012
9:00am (EST)
The bears were throwing a lot of chips into the pot on Monday as they tried to up the ante on a possible Greece, and soon to be Portugal, debt default. The bulls took all day to call but by the end of the session they matched the bet as the market finished flat.
Given the plunge of 1% at the open, it was a victory for the bulls as they held support and nearly pulled off a great comeback by the closing bell. We had a sly grin on our face when we read where one Wall Streeter, who was head honcho for the firm’s “equity division”, said the U.S. appears to be “slowly, slowly in the early stages of decoupling from the eurozone.”
Duh…We told our subscribers this back in early December, Gus. Of course, we would never name names but where has this guy been? We were hoping to see a lift once the European markets closed, which happens at 11:30am (EST) our time, and the late rally back to even got legs once buyers stepped in after lunch.
The Dow fell a half-dozen points, or 0.1%, to finish at 12,653. The blue-chips traded to a low of 12,529 at the open but came within a point of cracking positive territory. We mentioned support yesterday and 12,550 was the test for much of the morning which we said to watch for. Upside resistance remains at 12,800.
The S&P slipped 3 points, or 0.3%, to end at 1,313. The index traded to a low of 1,300.49 but held support and came within spitting distance (0.17 points) of hitting green. Watch the same levels as yesterday for today.
The Nasdaq declined 4 points, or 0.2%, to settle at 2,811. We talked about some of Tech’s strength yesterday and the index actually managed a trip into positive territory (0.30 points) before the closing bell.
Today is the end of the month and January has been good to us as the indexes are showing some fat gains for the year. The Dow is up nearly 4%, the S&P is up nearly 5%, and the Nasdaq and Russell 2000 are showing 8% pops to start 2012.
The talking heads were being Negative Nancy’s yesterday and were shocked to see the turnaround but don’t be surprised to see them mention the “January Barometer” today. The indicator has a history of being fairly accurate and goes by the theory that when the month of January is higher, the market will end higher for the year. If negative, the indexes usually post a decline.
Unless the wheels fall off the bull wagon today, the bulls will likely appreciate the following facts since the 50’s. If the Dow ends January higher, the blue-chips have over an 80% chance of finishing higher for the year with additional gains of nearly 10%, on average. Wow, let’s hope so, right?
Of course, there is a ton of time between now and Christmas and we don’t expect this smooth of a ride all year long.
Subscribers, please hit the Members Area to get the trade updates and stay on your toes on a possible way to play Facebook, which could announce its IPO on Wednesday. We have 2 trades on our Watch List that could do well and we are in the office huddle deciding on if we should make one or both official recommendations or not. We want to see how shares open but the options pits were exploding on these names yesterday. Stay locked-and-loaded and look for a possible New Trade Alert shortly after the open if we take action.
As we head to press, futures look like this: Dow (+54), S&P (+6), Nasdaq (+10).
Tags: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Market Analysis, Market Commentary | Comments Off
Friday, December 30th, 2011
9:05am (EST)
The shortened Wall Street week has been full of surprises but the week and the year comes down to today on if the indexes will finish with a loss or gain on both fronts. Following a flat Tuesday, the bears took a 1% bite out of the major indexes on Wednesday with the bulls getting much of the losses back on yesterday’s rally.
The Dow advanced 136 points, or 1.1%, to settle at 12,287. The index ran green from start to finish and reached a peak of 12,293 which was once again just short of resistance. The blue-chips are still down 7 points for the week but should easily finish the year with a solid gain as the index is up a little over 700 points.
The S&P 500 jumped a lucky 13 points, or 1.1%, to finish at 1,263. The index went out near its high but failed to clear resistance after holding support on Wednesday and Thursday’s open. The S&P is down 2 points for the week but is now up 6 points for the year and today’s action will likely decide who gets the win between the bulls and bears.
The Nasdaq added 24 points, or 0.9%, to close at 2,613. The index was able to recapture the 2,600 level and went out a point off its high. We have been talking about the 2,650 level for the last few weeks and Tuesday’s high was 2,633. The bulls will need to clear 2,618 and 2,653 today to get Tech into positive territory for the week and year.
We have made it no secret Tech has us worried going into 4Q earnings (which start in January) and the Nasdaq can look so ugly at times. However, support seems to hold just as the index appears ready to fall off a cliff. To prove our point, look at Amazon.com (AMZN, $173.86, down $0.03) which ended the day in the red after touching a low of $167 on a downgrade, yet, the Nasdaq was up nearly 1%.
The bears may have wasted a bullet on that call because we think Wall Street is underestimating Amazon’s sales. Sure the Kindle Fire is losing money but we doubt analysts have any clue just how much revenue this company could earn for the current quarter. Earnings are late-January for Amazon.
We could have a busy day with the addition of a trade or two so look for alerts by 11am if we do decide to take action. We usually don’t open new positions ahead of a 3-day weekend but if our upside or downside targets trigger, we may take small positions.
Futures are slightly lower as we head to press and look like this: Dow (-4); S&P 500 (–1); Nasdaq (-2).
Tags: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Market Analysis, Market Commentary | Comments Off
Monday, December 26th, 2011
1:00pm (EST)
1. Market Summary
2. Imperial Sugar (IPSU) – Imperial’s Peril
3. Why Mitt Can Bet $10,000
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 and check our chart work for the Dow, S&P 500 and the Nasdaq 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: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Market Analysis, Market Commentary | Comments Off
Thursday, December 22nd, 2011
1:15pm (EST)
Futures were flat for much of last night and turned positive ahead of Europe’s open this morning which was a good sign. Following the “hold” on Wednesday by the bulls, we were curious to see how the overseas markets would open after Wall Street and the talking heads picked apart the ECB’s lending program. We were also excited about today’s economic numbers.
It has been awhile since we have written that last sentence but the news here in the States continues to come in better-than-expected. Initial Claims were down 4,000 to 364,000 versus estimates for 380,000. Continuing Claims came in at 3.54 million versus a forecast for 3.6 million claims.
Elsewhere, Personal Consumption increased 1.7% in the third quarter while the Chicago Fed National Activity Index had a reading of -0.37 versus expectations for -0.17. Additionally, the Michigan Consumer Sentiment Index came in at 69.9 compared to a forecast for a print of 68. Leading Indicators increased 0.5% versus calls for an increase of 0.3%. Third-quarter gross domestic product (GDP) increased by 1.8% versus a forecast for an increase of 2.0%.
After a slow start, the bulls are stepping on the gas. The Dow is up 62 points to 12,170 while the S&P is higher by 6 points to 1,250. If anything, we would love to see a close above this level. The Nasdaq is up a double-deuce (22 points) and is right on 2,600. If Tech can close above this level it would be a bonus.
There is still some tension between the clowns on the Hill as they try to extend the tax cuts but hopefully the politicians can get something done by tomorrow. This news could be bullish as well.
Our recent trades continue to shine so let’s go check on them. Subscribers, hit the Members Area for the updates.
Tags: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Economic News, Market Analysis | Comments Off
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Bulls Call Bears Bluff
Tuesday, January 31st, 2012
9:00am (EST)
The bears were throwing a lot of chips into the pot on Monday as they tried to up the ante on a possible Greece, and soon to be Portugal, debt default. The bulls took all day to call but by the end of the session they matched the bet as the market finished flat.
Given the plunge of 1% at the open, it was a victory for the bulls as they held support and nearly pulled off a great comeback by the closing bell. We had a sly grin on our face when we read where one Wall Streeter, who was head honcho for the firm’s “equity division”, said the U.S. appears to be “slowly, slowly in the early stages of decoupling from the eurozone.”
Duh…We told our subscribers this back in early December, Gus. Of course, we would never name names but where has this guy been? We were hoping to see a lift once the European markets closed, which happens at 11:30am (EST) our time, and the late rally back to even got legs once buyers stepped in after lunch.
The Dow fell a half-dozen points, or 0.1%, to finish at 12,653. The blue-chips traded to a low of 12,529 at the open but came within a point of cracking positive territory. We mentioned support yesterday and 12,550 was the test for much of the morning which we said to watch for. Upside resistance remains at 12,800.
The S&P slipped 3 points, or 0.3%, to end at 1,313. The index traded to a low of 1,300.49 but held support and came within spitting distance (0.17 points) of hitting green. Watch the same levels as yesterday for today.
The Nasdaq declined 4 points, or 0.2%, to settle at 2,811. We talked about some of Tech’s strength yesterday and the index actually managed a trip into positive territory (0.30 points) before the closing bell.
Today is the end of the month and January has been good to us as the indexes are showing some fat gains for the year. The Dow is up nearly 4%, the S&P is up nearly 5%, and the Nasdaq and Russell 2000 are showing 8% pops to start 2012.
The talking heads were being Negative Nancy’s yesterday and were shocked to see the turnaround but don’t be surprised to see them mention the “January Barometer” today. The indicator has a history of being fairly accurate and goes by the theory that when the month of January is higher, the market will end higher for the year. If negative, the indexes usually post a decline.
Unless the wheels fall off the bull wagon today, the bulls will likely appreciate the following facts since the 50’s. If the Dow ends January higher, the blue-chips have over an 80% chance of finishing higher for the year with additional gains of nearly 10%, on average. Wow, let’s hope so, right?
Of course, there is a ton of time between now and Christmas and we don’t expect this smooth of a ride all year long.
Subscribers, please hit the Members Area to get the trade updates and stay on your toes on a possible way to play Facebook, which could announce its IPO on Wednesday. We have 2 trades on our Watch List that could do well and we are in the office huddle deciding on if we should make one or both official recommendations or not. We want to see how shares open but the options pits were exploding on these names yesterday. Stay locked-and-loaded and look for a possible New Trade Alert shortly after the open if we take action.
As we head to press, futures look like this: Dow (+54), S&P (+6), Nasdaq (+10).
Tags: option alerts, option trading, option trading services, options momentum trading, options on stock, options trading, options trading service, stock option trade, trade in options, weekly options trading
Posted in Market Analysis, Market Commentary | Comments Off