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Equity markets around the globe sold off today after the Yen strengthened sending the Nikkei down dramatically after comments from Japanese officials scared investors. We witnessed the same thing last week only to endure a remarkable recovery into the end of the week. Was the recovery nothing but a sell-able bounce? Are stocks poised for a big decline heading into the summer?
Two Fridays ago a late… Read More
If you are tired of relying on demon possessed, exploding dirigibles to tell you where the market is headed, you might want to take a look at an obscenely obscure indicator that has endured some remarkable success. The Heisenberg Indicator (HI), the brain child of a former Crystal Meth Chemist, has been able to sniff out tremendous moves in the market since the financial crisis in 2008.
Unlike the… Read More
Six months ago Best Buy was trading at its lowest levels in 10 years. The company was struggling and investors were running for the hills. Today the stock has nearly tripled in price making those who thought a turnaround was possible substantial profits. Below is $BBY chart and a chart of the $20 June Calls.
The $20 June calls going for $.10 near BBY’s December lows… Read More
$AAPL was all the rage this time last year. The stock was over $500 and on its way over $700 a share. The stock tumbled from $700 to under $400 over the span of 6 months and the analysts who were busy upgrading the stock in 2012 were just as busy downgrading it as it broke down. The most important thing to take from $AAPL, from an… Read More
56, 2,632, 285, 20* are numbers that represent tremendous streaks over the last 100 years.
56 = Joe DiMaggio’s 56-Game Hit-Streak. The record was set back in 1941 and is 11 games longer than the next longest streak held by Willie Keeler (45, 1896-1897).
2,632 = Cal Ripken’s 2,632 Consecutive Games Played. Cal Ripken Jr.’s legendary “ironman” streak began on May 30, 1982… Read More
A little over a week ago we learned how the “Taper” was going to crash the market. Before that we had Cyprus, Sequestration, The Fiscal Cliff, and next week we may find out Mila Kunis went short the financials. We’ve been told to sell since the March 2009 lows yet here we are just a few weeks removed from hitting new all time highs. Buying the… Read More
$GES had a strong move higher today, and was up over 10% in the middle of the session. Why am I telling you this? Earlier this week I penned a blog post entitled ” Buying Calls Ahead of This Earnings Report”. http://www.optionmillionaires.com/2013/buying-calls-ahead-of-this-earnings-report/
The earnings report in question was GES. I purchased the GES calls at $.80 the next day as I said I would in the… Read More
Using stock options to trade earning reports is a high risk proposition. Heading into earnings option prices will be elevated to account for the possibility of a large move after the company reports. If the company does not impress or disappoint, the stock could move sideways the next trading session and those elevated options will drop significantly in price. However if the stock makes a big move… Read More
After almost 7 months of seemingly unstoppable bullish action in the equity markets, overnight the Nikkei suffered its biggest pull back in over 2 years. The question is how far stocks will fall before they bounce. I think we have yet to see the highs for this year, despite what you see on t.v and read in the newspaper. The Federal Reserve spent over 4… Read More
