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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
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Thursday, December 29th, 2011
9:00am (EST)
The bulls ran into a roadblock at resistance and were ambushed by the bears on the US/ Iran news. We knew a test to support would come once the talking heads got going and the rest of the day was lost as the market finished near its lows. The good news that Italy had two successful auctions was overshadowed by a possible conflict between us and Iran over the Strait of Hormuz.
We mentioned yesterday if guns were drawn the US Navy would win by flexing its muscle but Iran can attack other areas just to raise tensions and the price of oil. They would be foolish to go to war because their government is broke and Iran depends heavily on oil revenues.
The euro also traded lower after the European Central Bank (ECB) basically showed their brother and sister banks don’t trust each other. The European banks are parking much of the cash they are getting with the ECB instead of making short-term loans with each other.
As a result, after a test to resistance, support got stretched as the major indexes fell a little over 1% and finished just outside our downside targets.
The Dow dropped 140 points, or 1.1%, to finish at 12,151. The index traded to a high of 12,299 which was just under resistance at 12,300-12,350 while the low was 12,140. We showed two charts for the Dow on Sunday night and we mentioned if resistance failed a test to 12,200 could come with 12,000 providing backup. We also showed in our video for our trading course members how to play the DOWNSIDE of a market pullback if certain levels were cracked but we aren’t there, yet.
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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
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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
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Friday, December 23rd, 2011
1:15pm (EST)
The bulls came into today’s session with a comfortable lead for the week following Monday’s pullback and have used their momentum to push the major indexes past resistance.
Volume has been light, all week for that matter, and is only running at 40% of normal trading. Light volume can be good or bad but the direction has been upward and Europe seems to be on the back burner for the time being. Economic news continues to provide hope the economy may be improving and we mentioned these two events could play a big role in the market going higher. So far, we have been right on that call.
Today’s highlights include New Home Sales which increased 1.6% in November and matched expectations. Durable goods orders for the month of November jumped 3.8% versus expectations for an increase of 2.2%. The core reading, which excludes transportation items, was up 0.3%. Personal income was up 0.1% which missed forecasts for an increase of 0.2%, and Personal Spending rose 0.1% as well, versus expectations for an increase of 0.3%.
As we type this up, the Dow is advancing 88 points to 12,258 while the S&P 500 is higher by 8 points to 1,262. The Nasdaq is higher by 14 points to 2,614.
Next week is the last hurrah for 2011 and we plan to be active but we wanted to go over our numbers real quick because we are excited about 2012 and we want you to be a part of it.
Our 2011 Portfolio will end the year with over $18,000 in profits. This means if you started the year with us with a $10,000 account, we made you a 180% return on your investment. If you started with a $20,000 account, the returns were 90%. If you started with a $5,000 account your return was 360%.
Of course, you return will depend on when you start with us and if you take all of our trades. Many of you have thanked us over the last few months, especially after the hot streak from mid-August until November, and now we want to thank you.
Every year we offer a special deal to our one-year membership and we try to stress that trading is for the long haul. Choppy and mixed markets are hard to trade but as you have seen lately, TRENDING markets are the time where you can make an incredible amount of money.
There were a lot of option newsletters that struggled this year to give you good advice because our new subscribers have told us. Hedge funds got walloped and Mutual Fund managers are at a loss for words to explain why they couldn’t give their clients a double-digit return. Not us.
We are proud of our 2011 Track Record for the Daily (65% winners) and we are tremendously happy to say the first year of the Weekly Wrap publication was a hands down success (16-0!). To show our appreciation for your support we would like to offer you a special deal for the holidays.
For a limited time, we will be offering a 1-year subscription to our Daily newsletter for $699. The publication is normally priced at $924 which is already a steep discount to our $129 a month rate. We will also be including our trading manual, How to Trade Options on Momentum Stocks as a bonus package. This is an $899 value and shipping is on the house.
Now, the next part is important.
The trading manual also comes with ongoing videos and our next video will be out on Monday night. We want to show you exactly why the market could be headed for an explosive move in 2012. The charts we will cover will clearly show you what could be coming and we will show you how to play a market breakout. We also show you why if there is more trouble ahead, we could see a massive selloff. The video will also cover a more in-depth look at our current trades and will be available to all trading course members Monday night.
We will also be including a 3-month membership to our Weekly Wrap if you hit us up on this deal. This publication is for the short to medium-term trader and aims to provide double-digit monthly income. Our Daily newsletter strides for 100% gains on every trade that usually plays out in 3 weeks or less but the Weekly focuses on buying stocks and selling calls against your position. We like monthly dividends on strong stocks and by selling options it kind of works that way as it reduces our cost basis.
Folks, if you really want to learn how to trade the market full-time and how to understand the market’s moves than there is no better times to join us. This deal will only run until the end of 2011 because we want you on board when 2012 kicks off. The total cost for the 1-year upgrade averages to just over $58 a month for the entire package so you can see the incredible savings we are offering you.
Current subscribers, please feel free to upgrade. If you recently purchased a 1-year membership (since October), email us and we will hook-up up with the add-ons if you did not get a trading manual.
1-year membership – $699 – use coupon code 60EDA4E018 – includes trading course (an $899 value) and shipping. A 3-month membership to the Weekly Wrap will also be included in your membership.
On that note, we will be heading out for the holidays after the bell to enjoy time with our friends and family. We always look forward to wishing everyone a Merry Christmas because it’s our favorite time of the year.
We have updated our Members Area to include today’s 2 new trades. We also have one trade that is up over 80% and we want to take half profits before the weekend.
We will be back Monday night with the Weekly Wrap and Tuesday morning at 9am sharp with the next issue of the Daily. Until then, have great 3-day Christmas weekend everybody!
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
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Friday, December 23rd, 2011
9:00am (EST)
The bulls continued their winning ways on Thursday after pushing the market higher for the third day in-a-row and closer to another break past resistance.
The Dow gained 62 points, or 0.5%, to finish at 12,169. The index fell just short of our 12,200 target after hitting a high of 12,182 but stayed green from start to close.
The S&P 500 popped higher by 10 points, or 0.8%, to end the session at 1,254. We were rooting for a close above 1,250 and as long as this level holds today, there is a good chance for a year-end rally up to 1,275-1,300.
The Nasdaq added 21 points, or 0.8%, following Wednesday’s pullback, and settled at 2,599.45. Tech was within spitting distance of finishing above the 2,600 mark but still managed to go out near its highs.
Futures are up this morning on news the Keystone Kops in DC came to a short-term agreement over the tax cuts which were extended for 2 months. This is the political gridlock we have come to expect from these know-it-all’s but at least they got something done, right?
Boehner bit the bullet and gave in to Obama and now a “committee” will be formed to see if the two sides of our government can nail down a 1-year extension when the crew gets back in January. Sounds like more taxpayer money keeping more politicians employed for doing nothing. What ever happened to the slogan “United we Stand, Divided we fall”?
We told you last week with the Wall Street “pros” away on Christmas vacation they could miss something special. Monday also scared a lot of rookies out of the market but we gave you key levels of support to watch for which held.
Although the Dow is up for the year, the blue-chips are only up 125 points, or 1% for the month. The S&P 500 is still showing a loss for the year and will need to clear 1,258 to turn green. The Nasdaq is still down a little over 50 points YTD and 20 for the month.
We said last week to look for a yearend rally but we are seeing some incredible bullish charts across the board that is pointing towards a possible explosive move in 2012. We hope to have a video ready for you by Monday night for those of you who have our trading course manual, How to Trade Options on Momentum Stocks. More on this in our afternoon update.
As we head to press, Dow futures are up 30 points to 12,133 while the S&P 500 futures are higher by 4 points to 1,253. Nasdaq 100 futures are showing a 6 point pop and are at 2,266.
We have a potential busy morning as our Members Area is packed with possible NEW TRADES that are on our Watch List. Some of them could become official recommendations so stay lock-and-loaded for Trade Alerts shortly after the open if we decide to take action.
Tags: option trading, options trading, stock and option, stock exchange, stock to buy, stock trading, trade online, trading futures, trading online, trading system, what are stock options, what is a call, what is option trading
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Nasdaq Needs Help
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