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Wednesday, May 23rd, 2012
9:00am (EST)
Yesterday’s market action reminded us of Saturday’s Preakness horse race as the bears “had another” to claim the photo-finish win. The bulls led the entire session as the Dow and S&P were looking to make it back-to-back wins for the first time since late April but the bears won the race as the closing bell sounded.
The Dow slipped 2 points, or 0.01%, to finish at 12,502. The blue-chips tested 12,600 like we said they would but had trouble clearing this level as they attempt to make a run at 12,800. Yesterday’s low was 12,447 but the close above 12,500 was positive.
The S&P was up less than a point and settled at 1,316 after reaching a peak of 1,328. The move above 1,325 could be a clue that 1,350 is still in play but we are waiting for 1,334 to print as confirmation.
The Nasdaq fell 8 points, or 0.3%, to close at 2,839. Tech kissed a high of 2,867 before fading down to 2,823. The close above 2,825 was encouraging but resistance at 2,850 needs to be cleared as confirmation for a possible run back to 2,900.
Side Chart Notes: The Russell 2000 fell 5 points to end at 759 while the S&P Volatility Index closed just under the 22.50 level at 22.48, up 0.47.
Facebook (FB, $31, down $3.03) continued its freefall while its CEO enjoys the honeymoon, literally. Word has it that Mark and his longtime gal tied the knot, which is cool, and well deserved, but the timing seemed a little weird to us.
Most CEO’s don’t plan on getting married the day after their company goes public but a $20 billion bankroll sure makes the places and things you can do seem unimaginable. Good for Mr. and Mrs. Zuck but shares are starting to suck and were down another 9% yesterday.
The only reason we brought you this story, because we are tired of typing the name, is because the options should be listing in a week or so for Facebook. The premiums on the call and put options will be expensive and we might have to get creative but we plan on dabbling in them once they list.
Futures are showing a nasty open this morning after being weak for much of the night. Dow futures are down 95 points to 12,381 while the S&P 500 futures are lower by 11 points to 1,303. The Nasdaq futures are declining 21 points to 2,514.
Subscribers, check the Members Area for the updates.
Tags: binary options, call options, futures options, high beta stocks, Hot stocks, momentum options, Momentum stocks, option market, option tips, options, options mentoring, options trading, options trading course, stock market options, weekly options, what are options
Posted in Futures, Market Analysis, Market Commentary, VIX | Comments Off
Tuesday, May 15th, 2012
9:00am (EST)
Monday’s open was a mess as the bears were able to crack another layer of support following more distress from overseas. Greece was back in the news, along with Germany, as both countries are now trying to vote in new governments.
Greece’s current President is looking to form a coalition and hold off the Socialist party while in Germany, Angela Merkel suffered a serious blow after being defeated. The news in Germany caught Wall Street off-guard as new leadership could challenge Merkel’s current austerity measures.
The Dow fell 125 points, or 1%, to close at 12,695. The blue-chips kissed a low of 12,661 (-159 points) at the start of trading but had rebounded throughout the session before turning lower again in the final hours. (Continued…)
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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 86-18 and we doubt you will find a hotter newsletter. Our subscribers have closed 24-straight winning trades and last week we banked profits of 576% on our Green Mountain Coffee Roasters (GMCR, $25.10, down $0.77)!
Tags: Covered Calls, options trading, stock options trading
Posted in Market Analysis, Market Commentary, Trading Psychology | Comments Off
Thursday, May 10th, 2012
11:25am (EST)
We wanted to give everyone an update on the two new trades we added this morning. We have high hopes of multiple triple-digit returns on both option plays.
Subscribers, check the Members Area for the updates and we will be back shortly with more exciting news!
Tags: options trading, put option trading
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Wednesday, May 9th, 2012
9:00am (EST)
The bears were able to push the second wave of support on Tuesday but the bulls battled back in the second half of trading to recover half of the losses on the lows.
The Dow fell 76 points, 0.6%, to close at 12,932. The blue-chips traded down to 12,810 (- 198 points) shortly before Wall Street’s lunch break and we had a sneaky feeling support at 12,800 would stick. Sure enough, it did. If the bears can get a close below this level, we said there could be risk down to 12,600-12,500 this week but the bulls will pull for a close above 13,000 today.
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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 84-18 and we doubt you will find a hotter newsletter. Our subscribers have closed 22-straight winning trades and last week we recently scored big on our Green Mountain Coffee Roasters put option trade which racked up a 576% return!
Our list of winners also include +180% on DECK, +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 your $10,000 trading account into nearly $60,000 for a 493% return using our recommendations. Wow! Our auto-trading partners verify our results so if you are a busy professional and work during market hours, they can do the trading for your account!
Tags: call options, option trading newsletters, options trading, Stock Market Weekly Wrap, stock options trading advisors
Posted in Covered Calls, Market Analysis, Market Commentary | Comments Off
Tuesday, May 8th, 2012
9:00am (EST)
The market ended mixed on Monday as Wall Street debated over Europe’s election results which many had seen as disastrous. Despite the uncertainty on who’s in or who could be out of the eurozone, the market was able to brush off those worries as the bulls held support.
The Dow fell 30 points, or 0.2%, to finish at 13,008. The blue-chips traded to a low of 12,970 and were able to hold the 13,000 level into the close. There is risk down to 12,800 this week while the bulls will try to reclaim 13,200.
The S&P added a half-point, or 0.04%, to settle at 1,369 after trading to a low of 1,363 shortly after the open. The index recovered to trade to a high of 1,373 but faded at the 1,375 level which is now serving as near-term resistance. We are looking for a test down to 1,350 this week.
The Nasdaq advanced a point-and-a-half, or 0.5%, to end at 2,957. Tech kissed a low of 2,939 but was able to hold 2,950 for much of the afternoon session. The bulls will try to push 3,000 while the bears are targeting a drop to 2,900-2,850.
The market is now going on 6-week trading range, except we are now at the bottom of it. We gave a brief outlook on what to expect over the next few weeks and we are starting to see lower highs and lower lows which is bearish.
The bulls aren’t ready to throw in the towel and this week is light on economic news until Thursday which is when we will get the weekly Jobless Claims numbers. It is possible the major indexes stay within a tight range until then as Wall Street tries to distance itself away from Europe’s woes.
We were able to close 2 more winning trades yesterday although we did leave a half position open on one of them. Our KLA-Tencor (KLAC, $49.73, down $0.13) put option trade is up a whopping 172% but we have moved the Hard Stop up to lock-in triple-digit profits no matter what happens from here on out. Of course, we would like to squeeze a little more out of the trade and hit a 200% or more return but if we don’t we will still bank a 156% profit.
For those of you who took a flyer on Fossil’s (FOSL, $129.19, down $5.81) earnings announcement, you could be getting paid today.
We profiled the May 105 puts (FOSL120519P00105000, $0.90, up $0.60) yesterday morning on our Watch List as a way to play a miss and the company did just that. They missed Wall Street’s estimates and shares are down $30 to $95 in pre-market action.
The May 105 puts should open up near $10 for a 1,000% return if you got in before the closing bell yesterday. Although it wasn’t an “official” trade, we have gotten a few excited emails this morning.
As we head to press, futures look like this: Dow (-51), S&P 500 (-5), Nasdaq (-14).
Subscribers, please notice the Hard Stops we have raised on some other trades as well and be on the lookout for possible new trades if we see something we like.
Tags: KLA-Tencor (KLAC), KLAC put options, options trading
Posted in Market Analysis, Market Commentary, Option Trades, Strategies, Trade Update | Comments Off
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Bears Have Another, Facebook (FB) Getting Zuckerberged
Wednesday, May 23rd, 2012
9:00am (EST)
Yesterday’s market action reminded us of Saturday’s Preakness horse race as the bears “had another” to claim the photo-finish win. The bulls led the entire session as the Dow and S&P were looking to make it back-to-back wins for the first time since late April but the bears won the race as the closing bell sounded.
The Dow slipped 2 points, or 0.01%, to finish at 12,502. The blue-chips tested 12,600 like we said they would but had trouble clearing this level as they attempt to make a run at 12,800. Yesterday’s low was 12,447 but the close above 12,500 was positive.
The S&P was up less than a point and settled at 1,316 after reaching a peak of 1,328. The move above 1,325 could be a clue that 1,350 is still in play but we are waiting for 1,334 to print as confirmation.
The Nasdaq fell 8 points, or 0.3%, to close at 2,839. Tech kissed a high of 2,867 before fading down to 2,823. The close above 2,825 was encouraging but resistance at 2,850 needs to be cleared as confirmation for a possible run back to 2,900.
Side Chart Notes: The Russell 2000 fell 5 points to end at 759 while the S&P Volatility Index closed just under the 22.50 level at 22.48, up 0.47.
Facebook (FB, $31, down $3.03) continued its freefall while its CEO enjoys the honeymoon, literally. Word has it that Mark and his longtime gal tied the knot, which is cool, and well deserved, but the timing seemed a little weird to us.
Most CEO’s don’t plan on getting married the day after their company goes public but a $20 billion bankroll sure makes the places and things you can do seem unimaginable. Good for Mr. and Mrs. Zuck but shares are starting to suck and were down another 9% yesterday.
The only reason we brought you this story, because we are tired of typing the name, is because the options should be listing in a week or so for Facebook. The premiums on the call and put options will be expensive and we might have to get creative but we plan on dabbling in them once they list.
Futures are showing a nasty open this morning after being weak for much of the night. Dow futures are down 95 points to 12,381 while the S&P 500 futures are lower by 11 points to 1,303. The Nasdaq futures are declining 21 points to 2,514.
Subscribers, check the Members Area for the updates.
Tags: binary options, call options, futures options, high beta stocks, Hot stocks, momentum options, Momentum stocks, option market, option tips, options, options mentoring, options trading, options trading course, stock market options, weekly options, what are options
Posted in Futures, Market Analysis, Market Commentary, VIX | Comments Off