Obama: “Jobs Going in Right Direction”
12:20pm (EST) Market breakouts and breakdowns are hard to call when an index or a stock are stuck in a […]
Market Analysis, Economic News, Market Commentary, Daily Update
Daily Update
Daily Update, Market Analysis, Economic News
Nonfarm Payrolls Disappoint, Futures Down
9:00am (EST) The bears controlled much of Thursday’s session despite the bullishness in the air as they held resistance ahead
Market Commentary, Daily Update, Market Analysis, Economic News
Market Mixed Ahead of Friday’s Big Event
12:30pm (EST) There was a flood of economic data and European news before the bell which led to a lower
Daily Update, Market Analysis, Market Commentary
Bulls Near Breakout
9:00am (EST) The market ended higher on Tuesday’s shortened session as the bulls pushed our upper end targets and came
Daily Update, Market Analysis, Market Commentary
Short Session Before the Real Fireworks
9:00am (EST) We came into the week thinking the bulls might make a little more noise before Wednesday as the
Daily Update, Economic News
Bears Throw First Punch
12:45pm (EST) Futures were slightly down for much of last night and the headlines from overseas were relatively quiet but
Market Analysis, Economic News, Market Commentary, Daily Update, Earnings
Prepare for More Volatility
9:00am (EST) “Although the indexes are still in a “trading range”, Thursday’s 2+% pullback was a wakeup call for the
Daily Update
Friday, July 06, 2012 (AM)
9:00am (EST) PowerShares QQQ (QQQ, $64.93, up $0.04) August 59 puts (QQQ120818P00059000, $0.30, flat) Entry Price: $0.75 (6/27/12) Exit Target:
Daily Update
Friday, July 06, 2012 (PM)
July 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Thursday, July 05, 2012 (AM)
9:00am (EST) PowerShares QQQ (QQQ, $64.89, up $0.54) August 59 puts (QQQ120818P00059000, $0.30, down $0.10) Entry Price: $0.75 (6/27/12) Exit Target:
Daily Update
Thursday, July 05, 2012 (PM)
July 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Tuesday, July 03, 2012
July 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Monday, July 02, 2012 (AM)
9:00am (EST) The Dow zoomed 278 points, or 2.2%, to settle at 12,880 on Friday. The blue-chips went out at their
Daily Update
Monday, July 02, 2012 (PM)
July 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Trade Updates – July 2012
Back to Members Monday, July 02, 2012 Tuesday, July 03, 2012 Wednesday, July 04, 2012 Thursday, July 05, 2012 Friday,
Daily Update, Market Analysis, Market Commentary
Market Cracks Second Layer of Resistance
12:45pm (EST) The bears were trying to get their first weekly sweep for June but all three major indexes are
Daily Update, Market Analysis, Economic News, Market Commentary, Trading Psychology
Bulls Recover, Futures Up
9:00am (EST) The bulls made a nice recovery off Thursday’s lows as they made a late charge in the final
Daily Update, Economic News, Financial Stocks, Market Commentary
Market Pulls Back
2:10pm (EST) We have been warning of a possible selloff or a test to new lows and today’s action could
Market Commentary, Trading Psychology, Daily Update, Market Analysis
Stuck Between the MA’s, Again
9:00am (EST) The bulls moved the market needle north yesterday but not much was accomplished. The major indexes closed above
BioTech, Daily Update
Arena Pharmaceuticals (ARNA) Wins Approval, Shares Halted
1:00pm (EST) The bulls are making another push higher and have cracked the first layer of resistance as we head
Market Analysis, VIX, Market Commentary, Daily Update
Resistance Holds as Tensions Tighten
9:00am (EST) The bulls tried to get some momentum going on Tuesday but ran into trouble after stretching resistance. The
Daily Update, Economic News
Bulls Struggling to Hold Gains
12:25pm (EST) The market got a little pop at the open as the bulls tried to reclaim support but the
Market Commentary, Daily Update, Market Analysis
Moody’s (MCO) Can’t Get Enough
9:00am (EST) The bears played offense to start the week and used a full scale attack to push the major
Daily Update, Market Analysis, Market Commentary
Supreme Court Delays Decision
1:00pm (EST) We all know how the government likes to wait until the last minute to decide things and many
Daily Update, Earnings, Market Analysis, VIX, Market Commentary
Bears Looking To Regain Momentum
9:00am (EST) “This past Monday was a negative close for the market and had it been positive, we might have
Daily Update
Friday, June 29, 2012 (AM)
9:00am (EST) PowerShares QQQ (QQQ, $62.20, down $0.70) August 59 puts (QQQ120818P00059000, $0.95, up $0.15) Entry Price: $0.75 (6/27/12) Exit
Daily Update
Friday, June 29, 2012 (PM)
June 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Thursday, June 28, 2012 (PM)
June 2012 | Members Do not risk more than 5% of your trading account on any one trade but
Daily Update
Thursday, June 28, 2012 (AM)
9:00am (EST) continued… The Dow jumped 92 points, or 0.7%, to settle at 12,627. The blue-chips traded to a high
Daily Update
Wednesday, June 27, 2012
June 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Tuesday, June 26, 2012
June 2012 | Members Do not risk more than 5% of your trading account on any one trade but do
Daily Update
Monday, June 25, 2012
June 2012 | Members Do not risk more than 5% on any one trade but do try to take ALL
Market Analysis, Market Commentary, Daily Update
Final Hour Could Get Interesting
3:10pm (EST) The bulls are bouncing back following their second-worst beating of the year as the market is up 0.5%
Daily Update, Trading Psychology
Market Falls 2% as Bears Bite Hard
8:15am (EST) “If you are ready to give up everything else – to study the whole history and background of
Market Commentary, BioTech, Daily Update, Market Analysis
Bears Starting to Stir
12:15pm (EST) The market got a slight pop at the open despite disappointing jobless claims numbers as the bulls try
Daily Update, Market Analysis, Market Commentary
Market Succumbs to Selling Pressure
9:00am (EST) The Fed did this, Bernanke said that but in the end it wasn’t enough to keep the rally
Market Commentary, Daily Update, Market Analysis
Calm Before the Storm
1:50pm (EST) The Fed did the expected and extended its Operation Twist program. The market immediately rallied off the news
Daily Update, Market Analysis, Market Commentary
Fed Speak Hits Wall Street at Lunch
9:00am (EST) The market rallied on Tuesday as the bulls took one step closer to a breakout after clearing another
Daily Update, Market Analysis, Market Commentary
Bulls Crack Resistance
1:15pm (EST) The bulls are pushing the market higher as they march towards our upper-end resistance targets. While we admit
Market Analysis, Market Commentary, Daily Update
Market Ends Mixed Despite “Positive” Greek Election
9:00am (EST) The bulls didn’t get the results they were hoping for on Monday despite the positive result from the
Daily Update, Market Analysis, Market Commentary
Choppy Trading in a Tight Range
12:30pm (EST) We started doing our homework Friday night shortly after the market closed because we were anxious to do
Market Analysis, Market Commentary, Daily Update
Futures Slip on Greece Election Outcome
9:00am (EST) “Obviously, the Spain news has had a positive impact on futures and will likely lead to a huge
Daily Update, Market Analysis, Market Commentary, European Union (EU)
Bulls, Bears and Zombies All Along the Watchtower
12:25pm (EST) There must be some kind of way out of here, Said the joker to the thief There’s too
Daily Update
Friday, June 22, 2012 (PM)
June 2012 | Members 3:10pm (EST) Freeport-McMoRan Copper & Gold (FCX, $32.71, down $0.28) August 31 puts (FCX120818P00031000, $1.40, up
Daily Update
Friday, June 22, 2012 (AM)
8:15am (EST) continued… The Dow tanked 250 points, or 2%, to close at 12,573 yesterday. The blue-chips fell through not
Daily Update
Thursday, June 21, 2012 (AM)
9:00am (EST) PowerShares QQQ (QQQ, $64.29, up $0.05) August 60 puts(QQQ120818P00060000, $0.75, flat) Entry Price: $0.75 (6/20/12) Exit Target: $1.50
Daily Update
Thursday, June 21, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Wednesday, June 20, 2012
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Tuesday, June 19, 2012 (AM)
9:00am (EST) Special Note: The charts from yesterday have been posted for those of you who may not have checked
Daily Update
Tuesday, June 19, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Monday, June 18, 2012 (AM)
9:00am (EST) continued The Dow gained 115 points, or 0.9%, to settle at 12,767 on Friday. The blue-chips traded down to
Daily Update
Monday, June 18, 2012 (PM)
June 2012 | Members 12:30 pm EST (continued)… There are still a lot of traders staying long ahead of this week’s
Trading Tips, Trading Psychology, Daily Update
Bulls Holding Weekly Lead
9:00am (EST) The bulls used a strong rally to strengthen their lead for the week as Wall Street braces for
Daily Update, Market Analysis, Economic News
Bulls at the Brick Wall
12:50pm (EST) Futures were up last night ahead of the European open and held up for Wall Street despite some
Daily Update, Market Analysis, Market Commentary
Market Stumbles in Final Hour
9:00am (EST) The bulls were trying their best to extend Tuesday’s gains but spent much of Wednesday’s session trying to
Economic News, Market Commentary, BioTech, Daily Update, Market Analysis
Dimon in the Rough
1:00pm (EST) The market has traded in a tighter range today, surprisingly, with the action favoring the bears. Futures were
Daily Update, Market Commentary
Volatility Picking Up
9:00am (EST) The wild price swings we have seen in the market between the bulls and bears has been kicked-up
Economic News, Daily Update
Bulls Rebound but Resistance Looms
1:05pm (EST) The market has been a little choppy today but unlike yesterday, the bulls are doing a better job
Daily Update, Market Analysis, Covered Calls, Market Commentary
Bears Question Spain Relief
9:00am (EST) We had a feeling the bears weren’t done and we said Spain’s bailout, “loan”, relief aid, or whatever
Daily Update, Market Analysis, Option Trades, BioTech
Arena Pharmaceuticals (ARNA) Pops Past $7
12:30pm (EST) The $125 billion Spain Bank Aid has turned into a temporary bank aid that Wall Street isn’t buying
European Union (EU), Daily Update, Market Analysis, Financial Stocks, Market Commentary
Bulls Looking to Extend Rally
9:00am (EST) “This week will be an important test for the bulls and next week will be even bigger. The
Weekly Wrap RR, Market Commentary, Daily Update, Market Analysis
Bulls Poised For Weekly Gain
12:25pm (EST) The bulls are looking for redemption following last week’s drubbing and are on track to recover nearly all
Daily Update
Friday, June 15, 2012 (AM)
9:00am (EST) continued… The Dow surged 155 points, or 1.4%, to finish at 12,651 on Thursday. The blue-chips tested a
Daily Update
Friday, June 15, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Thursday, June 14, 2012
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Wednesday, June 13, 2012
June 2012 | Members MEMBERS AREA Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have
Daily Update
Tuesday, June 12, 2012 (AM)
9:00am (EST) Potash (POT, $37.58, down $0.80) July 35 puts (POT120721P00035000, $0.95, up $0.25) Entry Price: $0.75 (6/11/12) Exit Target:
Daily Update
Tuesday, June 12, 2012 (PM)
June 2012 | Members MEMBERS AREA Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have
Daily Update
Monday, June 11, 2012 (AM)
9:00am (EST) continued… The Dow added 93 points, or 0.75%, to finish at 12,554 on Friday. The blue-chips fell to a
Daily Update
Monday, June 11, 2012 (PM)
June 2012 | Members MEMBERS AREA Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have
Daily Update
Rally Loses Steam
9:00am (EST) Ben Bernanke’s put on his best poker face yesterday as his testimony turned out to be a nonevent.
Market Analysis, Market Commentary, Daily Update, Earnings
Men’s Wearhouse (MW) Gets Strangled
1:00pm (EST) Sometimes the best trades can be influenced by what the market is doing and with today’s bounce, which
Daily Update, Market Analysis, Market Commentary
Bulls Break First Layer of Resistance
9:00am (EST) Wall Street got its wish. The bulls had a monster day following news, rumors, and promises of the
Market Commentary, European Union (EU), Daily Update, Market Analysis
Bulls Push Resistance on Strong Rally
1:30pm (EST) We have been expecting a test to resistance and we said we could have a huge snap-back rally
Daily Update, Market Analysis
Wednesday’s Wakeup Call
9:00am (EST) The bulls put in another good day’s work on Tuesday and were able to sustain current support levels
Market Commentary, Daily Update, Market Analysis, Economic News
Market in Wait-and-See Mood
12:45pm (EST) The bulls and bears seem tentative to place big bets ahead of this week’s fireworks which could go
Market Analysis, Market Commentary, Daily Update
Market Ends Mixed on Manic Monday
9:00am (EST) The bulls were under pressure to hold the 200-day MA’s (moving averages) to start the week and managed
Daily Update, Market Analysis, Market Commentary
Bulls Come Up For Air
12:25pm (EST) We were a little surprised to see a higher open this morning as futures were down nearly 1%
Daily Update
Bears Crack 50-Week and 200-Day Moving Averages (MA)
9:00am (EST) “While there is a chance for a continued rally into June, there doesn’t appear to be a whole
Daily Update, Market Analysis, Economic News, Market Commentary
Nonfarm Payrolls Rock Wall Street
1:35pm (EST) Futures were slightly lower when the overseas markets opened and we mentioned yesterday we had a nervous feeling
Daily Update
Friday, June 8, 2012 (AM)
9:00am (c0ntinued…) The Dow added 46 points, or 0.4%, to settle at 12,460 on Thursday. We have mentioned all week
Daily Update
Friday, June 8, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Thursday, June 7, 2012 (AM)
9:00am (EST) continued… The Dow zoomed 287 points, or 2.4%, to end at 12,414. The index went out on its
Daily Update
Thursday, June 7, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Wednesday, June 6, 2012 (AM)
9:00am (EST) continued… The Nasdaq popped 18 points, or 0.7%, to end at 2,778. Tech kissed a low of 2,749,
Daily Update
Wednesday, June 6, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Tuesday, June 5, 2012 (AM)
9:00am (EST) Illinois Tool Works (ITW, $54.41, down $0.44) July 50 puts (ITW120721P00050000, $1.20, up $0.25) Entry Price: $1.05 (6/4/12)
Daily Update
Tuesday, June 5, 2012 (PM)
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Monday, June 4, 2012
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Market Analysis, Market Commentary, Daily Update
Dow Recovers Triple-Digit Loss
9:00am (EST) The bulls and bears traded heavy blows on Thursday as the market opened lower before recovering by Wall
Earnings, Market Analysis, Facebook, Daily Update
Is Facebook (FB) a Falling Knife?
12:15pm (EST) Wall Street Notes: Facebook (FB, $27.33, down $0.86) Weekly Options started trading today. There has been more put
Daily Update, Market Analysis, Market Commentary
More Pain From Spain
9:00am (EST) The bulls were held hostage on Wednesday as their one-day rally quickly came to an end as Europe
BioTech, Trade Update, Daily Update, Market Analysis
Bears Bite Back, Arena Pharmaceuticals (ARNA) Moving Higher
12:35pm (EST) We talked about the two levels of resistance the bulls faced coming into the week and yesterday’s test
Oil, Gold, Daily Update
Market Rallies to Resistance
9:00am (EST) The headlines favored the bears but it was the bulls that started the week with the momentum. Much
Google, Market Analysis, Apple, Market Commentary, Daily Update
Bulls Push First Layer of Resistance
12:25pm (EST) Futures were trading higher Monday night as we prepared for Tuesday’s open and got progressively stronger before the
Daily Update, Market Analysis, Market Commentary
Big Week For Both Bulls and Bears
9:00am (EST) “On the Friday at the beginning of May, with the Dow just above 13,000 and the S&P 500
Daily Update
Friday, June 1, 2012
June 2012 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Daily Update
Trade Updates – June 2012
Back to Members Friday, June 1, 2012 Monday, June 4, 2012 Tuesday, June 5, 2012 Wednesday, June 6, 2012 Thursday,