sina
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
Seems like the spectre of the worst holiday shopping season since 2008 took hold mid-way through the day yesterday, as the market rolled over. The market recovered slightly but the SPY was still down nearly .50% and is nearing the 50dma of 140.69. I dont think we get there, and think the slight fade in the markets is healthy for the next leg to $150. Jobless claims came in… 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
What a crazy day yesterday as the market sold off all morning and $SPY dropped under $141 for a bit. We did recoup some the rest of the day, but was still a big down day as the DOW dropped 250 pts. I rarely use the DOW to describe the overall market but 250 pts down sounds better then 1.39% for the SPY. I was saying it on audio yesterday… Read More
We started off the month of September with a down day, but not as well off the lows. Today looks like another weak start, but seems to be like we get our footing and start looking to string some green days together. Seems the possibility of the ECB providing unlimited support to bonds helped stave off the negative news of Fedex lowering it’s guidance.
We shall see how today plays… Read More
Yesterday was another somewhat boring day with lackluster market volumes. The market volumes seems to be stealing some of the headlines and has become a focus as dog days of summer are truly starting to take hold. Have a feeling in the next few days there will be a nice 1-2%+ move in the markets. Timing it is always the key!
SINA earnings report last night, where the headline… Read More
Folks,
Futures are down .20% right now.. not too bad. The EURO is taking it on the chin this morning, but folks have been shaking off any bad news lately and I think that continue till the big money comes back in september (the worst performing month over the last 25 years).
Quite a few earnings plays today with ANF this morning. Will they bounce like FOSL? Also have… Read More
It is starting to feel like the melt higher is beginning. Some of the growth stocks and sector leaders saw some nice moves on an otherwise flat day, meaning big money is starting to chase the performance that is coming. Could be wrong, but getting ahead of the move may be a nice way to play things.
Earnings season starts monday, so maybe a somewhat quiet week. Today we… Read More
On April 4th, the market hit a 4 year high as the $SPY touched $142.21. If you had told someone last October that the market would be up nearly 40% 6 months later, they would call you crazy. But that is exactly what happened from the 107.43 low on October 4th. Amongst all the negative sentiment, the market mysteriously found a bottom and rallied furiously, squeezing all the bears…… Read More
It is Mid-week, and my favorite time of the month is coming. Option Expiration! The last few weeks have been very challenging times trading options. Take a look at UPB’s video from last night: http://www.optionmillionaires.com/2012/upb-may-15th-market-recap-outlook-spy-aapl-fosl-sina-jcp-sp-futures/
He made some great points around trading options in this environment. Also, sometimes its better to sit on your hands then force a trade. There is ALWAYS money to be made in any type… Read More
