soda
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
As promised, we will try and have more information on any text trades that are sent out during the trading day. You can expect one/two texts per week depending on the market.
Todays text alert was SODA, the second time in the past few weeks I have alerted SODA. Last time SODA failed to hold 50, and the 52.50 calls @ .15 never materialized. ( http://www.optionmillionaires.com/2013/sodastreamsoda-shares-set-to-rally/ ) … Read More
Earnings seasons is starting to kick it up a notch with GS and JPM reporting this morning, and EBAY reporting after the bell. GS smashed estimates and is up nearly 4% PM. JPM beat as well but is down modestly as I write this. Tomorrrow we have C, BAC, BLK, and INTC so those could either provide a boost to the market, or give the market a… Read More
Futures are red but feels somewhat flat this morning with retail numbers due out this morning. Bernacke did not spill any beans or make any market moving remarks yesterday besides making it sound like QE infinity will not end in 2013. The market has closed somewhat flat the last two trading sessions, which is somewhat welcome as consolidation is needed again before we break to $150 on the SPY.… Read More
A great start to the week yesterday, with many runners and some nice tradeable market action. The market faded yesterday morning, then rallied back at the end of the day. Although the markets closed red, its healthy for the move higher in the coming days.
The ‘official’ kick-off of earnings seasons starts with Alcoa after hours which means some fun times for options and my favorite time of… Read More
Seems like quite a bit of activity this morning on the analyst side with tons of new initiations and upgrades to include my favorite SODA. Seems analysts starting to take that stock serious. All the banks are higher once again this morning with BAC also announcing a settlement with Fannie Mae: http://www.marketwatch.com/story/b-of-a-selltes-with-fannie-for-about-10-billion-2013-01-07 . It is getting received well from the market and BAC is up 3% PM. We… Read More
What an amazingly strong trading session yesterday, as the market gapped at the open, faded a bit then ramped hard into the close to finish at the high of the day. The SPY closed over $146 and we are now a stone throws away from 4 year highs at $148.11. Still sticking to my $150 on the SPY short term, and would think we may get it before January… Read More
Like I said Monday, all is well for 2013! The Fiscal Bluff has been averted and the markets are not tanking as most pundits predicted/warned. What a joke the market is. All the big money was away Friday, as retail sold the markets off at the end of the day and in the afterhours on low volume. Then Monday the big money comes back and the market ramps higher… Read More
Fridays close, and todays open is a great example how this market works now-a-days, and how the retail traders is always screwed. If you had bought puts or went short on the fiscal cliff fiasco and were holding them into the weekend, you would have been ecstatic after seeing the mayhem after hours friday. The VIX was up huge, and the SPY was down another 1% after it looked… Read More
Today is a shortened trading session with the markets closed tomorrow for the holidays. I will be taking it very cautious and may not take any positions until wednesday due to premium erosion. You can still see the headlines out there making it seems like the fiscal cliff is devastating the futures, yet we are just slightly red.
Fiscal-cliff worries depress U.S. stock-index futures
Again, I… Read More
