Here it is the third friday of the new year (option expiration), and we are sitting once again at 5 year highs. We are now a stones throw away from 150 on the SPY, a mark i have been preaching for quite a few months. Once we get there, it will be interesting to see if that area provides serious resistance.
Earnings have been decent so far and next week is an exciting one with: GOOG, AAPL, NFLX, FCX, WDC, FFIV, SBUX, MSFT, and many others. Will try and give some thoughts on those during the week ahead on Sunday at 10:30.
Futures are flat right now despite China GDP coming in above expectations and the first increase in 7 quarters. China/Japan continue to be a catalyst for world markets so that is a very good sign if we want to see this market rally some more.
If you like the analyst changes or have any feedback for the daily watchlist please post here: https://www.optionmillionaires.com/forum/showthread.php/241-Upgrade-and-Downgrades?p=433#post433
I will be out in the early morning and wont be around for the open but here are some of the strikes I am looking for on Lotto Friday:
I still hold calls on SHLD, SODA, BPT, NFLX, SAM, CBS, CMG, ISRG, and some others.
Lets have a great close to the week and for Jan monthly options.