Memorial Day Weekend Reads:
A quick recap of today's action, unusual option trades and a look ahead to next week.
Friday Market Minute Video Gone Wild
With the a possible Triple-Crown setting for next Saturday at the Belmont stakes, markets are working
Stock futures are flat to start the last day of trading before a long Memorial Day Weekend.
Here are the Friday Morning Reads:
Finally, lets take a look at some charts. I'd love to say Yes for some and no for others, but I don't know with 100% certainty whether these patterns/support levels will work. I just know they have a good chance of coming to fruition. Yes? No? lets call them Maybe So.
It's getting hotter than a pre-game New England Patriot ball boy meeting. It's so hot in here the chickens are laying hard boiled eggs. It's pennies into dollars hot. After this past week's action I think we can make it 6 of the last seven.
Join us in the chat room tomorrow as we finish another incredible week. JB was all over $BABA before the Chinese Freight train left the station. It pays to be in early on a move like this.
Have your earnings trades been working out? No. Trading earnings via the purchase of out of the money short term stock options is a big risk. There is no telling for sure where the stock will head post earnings. I've had some great earnings trades in the past and perhaps that is what fuels my passion each earnings season.
Has this been a great earnings season for me? No. And its times like these you learn to live again. And its times like these you give and give again. And its times likes these you learn to love again. It's times like these time and time again. I am a new day rising!
Today was a more exiting day for the market bulls. Last night futures were down 6 handles and came back roaring today closing up 5 pts. It was an exciting day for tech as BABA and AMZN stole the show. BABA was the real winner as it went up around $3.50 today.