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Yesterday was a slightly mixed trading session as the market pulled mostly into the green. We had retail sales numbers yesterday, and import numbers today. Nothing that should move the market much. The number I am looking forward to is the CPI number released thursday at 8:30am. I am still a bear on Silver and Gold, and still hold my 22.50 puts that expire this week. Why am I… Read More
After doing my normal research over the weekend, and preparing for the Week Ahead Webinar, I came up with my normal “Stocks I Really Like” list. This list changes week to week, but does have some of the usual suspects.
I already held a position in all four of the stocks, but was looking to possibly add to my position at the open. Only 1 of the four performed… Read More
The market pulled back yesterday as the ADP report missed expectations and folks took the opportunity to lock some profits. Unlike most of these pullbacks, there was limited dip buying until the very end of the day when the SPY jumped back over $155 and closed at $155.23. I guess we will have to wait longer for the SPY to close above the intraday high. This morning we have… Read More
Another day, another record close for the S&P, now just waiting on a close above the intra-day high of 1,576.09 set on Oct. 11, 2007. The QQQ closed at Sept highs as Tech are starting to catch up in the rally, although Apple closed fractionally higher after being removed from the Goldman Sachs conviction buy list. The ADP report is out this morning: March ADP Employment Report employment at… Read More
Quarter 2 started out in the red with the SPY down .40%. The VIX closed up 7% and closed at 13.58. I still think the VIX sees sub $10 in the next few months despite all the folks clamoring for a pullback. Historically Quarter 2 is the worst quarter for the market in recent years, and has seen 5%+ pullbacks in the last few years, where Quarter 1… Read More
The Market looks to start today in the green, as futures are up this morning. Europe stocks are flat to green while asia and japan markets were closed for holidays. We have quite a few earnings plays on deck this week, as well as the state of the union address tomorrow night.
Here is last nights week ahead webinar for those that missed it: http://www.optionmillionaires.com/forum/showthread.php/299-The-Week-Ahead-with-UPB-and-Jimmy-2-10-13
I really… Read More
A nice start to the week as the market held it’s ground but ended the markets winning streak. The futures are red at the moment but not down too much. Seems all the dips are supported the last few weeks so not concerned about any pullbacks, as they are short lived. Quite a few earnings yesterday and this morning. VMW, BMC, STX all bombed and are down big, F… Read More
Another great week in the books, and it has been a phenomenal 2013 so far. Lets see if it continues into Feb. Earnings continue to be a focus with CAT reporting this morning. CAT missed on EPS and Rev and is cautious for 2013, but that looks to be somewhat factored in already and the stock is rallying pre-market.
NFLX looks poised to continue it’s orbit and is up… Read More
What another great day yesterday with NFLX really making some folks day, month, year and TZOO ramping in the morning. Looking forward to today, but will be a bit more cautious on some of the weeklies expiring today and will play maybe a few.
That conference in Davos is filled with headlines and bullish comments from everyone but my Grandmother, who is on the ski slopes. It almost… Read More
Today is setting up to be a great day for those in NFLX calls as the stock is up nearly 40% after reporting a surprise profit and some nice sub numbers. I hold 36 of the 125 weekly calls avgd at .15 and will put a limit order to sell half @ $20 at open. WIll have to check back this weekend to see if thats my biggest bagger,… Read More
