PCLN
After a rocky morning, the market found its footing and closed solidly in the green. There were moments in the morning where it sure looked like the market was going to sell-off in rapid fashion, but $163 seemed to hold well, and the specter of another green tuesday gave stocks support.
Folks are finally figuring out the heads bulls win, tails bears lose environment we have been in for… 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 Week Ahead Webinar is now uploaded and available in the forum. You can find it here : http://www.optionmillionaires.com/forum/showthread.php/383-The-Week-Ahead-with-UPB-and-JB-4-7-2013?p=645#post645 , along with previous week ahead Webinar’s.
Topics discussed include earnings kick-off as well as market direction.
- JB
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
This week is starting off like last week, as futures are green and the market looks primed to continue to climb the ladder to all-time highs. With Sequestration cuts looming on Friday, and all the hype like the fiscal cliff, one would think the market would be walking on egg shells instead of showing incredible strength.
We were given a 2% cut on our paychecks via the tax increases… 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 day, another multi-year. high for the markets. This morning we have ADP numbers, where they beat expectations. 4Q GDP was -.10%, the first time it was negative since the recession. Futures are selling off on the news but I think once again, this is just another opportunity to buy calls.
AMZN reported earnings after hours that missed REV and EPS expectations as well as an outlook that… 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
