CMG
With Corn prices falling sharply the past few days, we expect talk of lowered costs for Chipotle Mexican Grill, Inc (CMG), and see it as a catalyst for the stock to finally break over $330. Chipotle Mexican Grill, Inc (CMG) chart also shows tight bollinger bands, which usually precede a large move (either up or down). We currently hold the April Weekly calls of Chipotle… Read More
Two big up days, one big down day past three sessions. Everyone and his brother, sister, mother, father, friends, and anyone else with a mouse/pen/blog are calling for some type of pullback soon. Some say its the huge insider selling recently… well duh stocks are at 5 year highs.( http://www.marketwatch.com/story/insiders-now-aggressively-bearish-2013-02-06?dist=beforebell ) Some say its the triple top coming from 2007 and 2000 highs. Other say its overall bullish sentiment… Read More
Another great trading day yesterday as SAM continued to move, GS exploded higher, SODA tested 45, BBBY continued its move, MON broke 92.50, and seemed everything on the call side was up nicely. SINA had a consolidation day and I still like her for 52-53 this week. Also had CMG on the watchlist yesterday and we grabbed the 305s @ .50. The move the last few days has shocked… Read More
First off, the site is moving quickers as we upgraded our server, but we did have some temporary issues so apologize in advance for any troubles accessing the site. Now on to the fun:
What a great start to the week as a few of the plays on watch from last week continued to ramp higher, and others started their advance. SAM continues to move, marking its 3rd consecutive… Read More
Another day, another 4 1/2 year high hit. Think this will be the story through september. Yesterday was a solid day with a last minute sell-off, which seems to be the action as of late. The Germany concerns about ratifying the ECB bond purchases became a non-issue and stocks are moving up this morning. I am probably going to be reducing positions heading into Thursday as I think the risk… Read More
Everyone is talking about the big news about QE3 coming thursday. As long as there is an announcement about extending the date for low rates AND some type of unorthodox easing program, i think the market continues to rally. Hopefully it is slow and steady which will provide an environment for certain stocks to continue MULTI-DAY runs… those are the types that have the better odds a of returning… Read More
It seems like just yesterday when the world thought Europe’s financial system was going to collapse on the weight of its severe debt issues. We posted this in june : http://www.optionmillionaires.com/2012/the-bizzaro-jerry/ . Fast forward 3 months and we are now over 4 year highs. Amazing! Are we better off now? Hard to say, but i guess the market thinks we are.
We had the August job numbers this… Read More
Big Ben did no disappoint yesterday, as the market sold off on his remarks, only to ramp up the rest of the day and finish solid green. The market is still struggling to find direction as worries shift to the US economy. Housing starts were up in June, and now we wait on Big Bens second day, where folks are betting we get some sort of update on QE. Good… Read More
Yesterday was a setup day for the week ahead. CMG WYNN and LNKD we on the watch list yesterday. Lets see how they play out this week. LNKD faded after the opening pop. WYNN and CMG held strong.
Seems like the ANALysts use the watch list as part of their research as both CMG and WYNN were upgraded this morning.
Still like WYNN for earnings, but doesn’t mean bet… Read More
I will make this quick, as it’s about making money, not losing money in this market. In tribute to the Food Network here are some ingredients needed to lose money in this market:
1. Use only technical analysis and fundamentals
2. Use the P/E ratio to determine a stocks value
3. Listen to analysts and price targets
4. Follow fools who have been calling a top for 3 months now… Read More
