Insert "buy the dip" jokes here...
Yesterday we lost Leonard Nimoy, today Anthony Mason. Anyone who watched basketball in the 1990's knows Anthony Mason for his hard work, determination, and a contagious passion for the game. He was one of those players you loved having on your team. The world needs more Anthony Masons.
Here is what I am reading this weekend as well as a Poem from Leonard Nimoy:
Heading into 2015 I wrote about the stocks I liked and the stocks I disliked this year. We are two months into the new year - let's see how those stocks are doing.
Only one of the short ideas have worked, with the $GRMN earnings trade paying off nicely last week. My $FEYE and $TWTR calls have worked out nearly to perfection.
It's been a tough market to be short anything for too long. The stocks I thought would work great as longs, have done just that. I think all four still have plenty of upside left.... and the shorts? I'm not giving up on them yet either.
Google had one of those weeks, where the stock embarks on a massive rally and turns penny options into multi dollar options.
Some big potential gains on the out of the money weekly strikes bought earlier this week.
$.25 to $17 or $250 into $17,000
$.15 to $12 or $150 into $12,000
Here some of the trades on GOOGLE in the chat room earlier today:
While not every unusual option trade means a stock is ready to plummet or rocket higher, some unusual option activity bears close watching. I this webinar I will show you what I look for, what unusual trades I ignore, what trades I focus on, how I find and parse all this information and how to act on it.
Join me live this coming Thursday March 5th at 11am. Register today:
Markets closed mixed once again, with the Nasdaq closing green, while the DOW and S&P
Stock futures are slightly lower to start the last trading day of the week. Here is what I am reading.
The crash is coming, just have to wait until 2016… hope you
Following yet-another go-nowhere session yesterday, US stock-index futures are slightly higher with Yellen out of the way for now. But she won't be gone for long as the next FOMC meeting will be soon upon us, and it will be watched whether the central bankers are still patient. Meanwhile, this morning's US economic-data releases could cause some choppiness in the market initially as they won't be embargoed to the media amid bad weather in DC. Instead disclosure is set to occur through Labor's website. Hope nothing crashes. S&P 500 futures are up 2 as Nymex oil falls back toward $50 gold is up 1.3%. The dollar is quiet, with the euro at $1.1340, and Treasurys edge higher; the 10-year yield is at 1.96%.
Today's morning market video:
Stock futures are a little higher this morning. We are a stones throw away from the $SPY algo's gone wild high of late December 2014. With record high stock prices comes the continued calls for the stock market to crash. Twice bitten 100 times shy. Those not long the market will continue to justify their stance via exceedingly bearish commentary.
I've prepared myself the same way the last 6 years, and in honor of the preperations I made for the market crashes of 2010, 2011, 2012, 2013, 2014, and 2015.... here is what I am reading this morning in anticipation of a stock market crash in 2016: