Thursday, December 22, 2011 (PM)
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard […]
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard […]
9:15am (EST) Pepsico (PEP, $65.53, up $1.16) January 65 calls (PEP120121C00065000, $1.40, up $0.60) Entry Price: $1.10 (12/20/11) Exit Target:
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Taiwan Semiconductor Manufacturing (TSM, $12.32, down $0.44) January 12.50 calls (TSM120121C00012500, $0.35, down $0.25) Entry Price: $0.80 (11/30/11)
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) continued… The Dow slipped 2 points, or 0.02%, to settle at 11,866 on Friday. The blue-chips traded to a
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) There have been numerous times this year we have seen the market move into a trading range and
2:15pm (EST) The market is trying to hold onto today’s gains following a strong open by the bulls on better-than-expected
9:00am (EST) The bears pushed their winning streak to 3-straight following Wednesday’s pullback. The selling pressure picked up steam shortly
1:20pm (EST) It has been an “all bears” week so far as the market continues to slide on a falling
9:00am (EST) It was another disappointing day for the bulls after a strong start but we knew in our midday
1:40pm (EST) The bulls are trying to power ahead following Monday’s pullback and got off to a good start despite
9:00am (EST) The market continued its recent zig-zag action on Monday with the bears starting the week off with a
12:35pm (EST) We knew today could be challenging for the bulls as futures were weak throughout the night and worsened
9:00am (EST) (Note: Please log into the Members Area to see today’s charts) The bulls’ came into the week feeling
1:00pm (EST) We said this morning Wall Street might need some convincing on the European Union (EU) leaders agreement to
9:00am (EST) Transocean (RIG, $39.41, down $0.78) January 52.50 calls (RIG120121C00052500, $0.10, down $0.00) Entry Price: $0.70 (12/7/11) Exit Target:
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) The Dow dropped 131 points, or 1.1%, to end at 11,823. The blue chips touched a low of
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Continued…9:00am (EST) The Dow fell 66 points, or 0.6%, to settle at 11,954. The blue-chips dropped to a low of
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Transocean (RIG, $41.98, down $1.28) January 52.50 calls (RIG120121C00052500, $0.30, down $0.15) Entry Price: $0.70 (12/7/11) Exit Target:
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (continued…) The Dow jumped 186 points on Friday, or 1.6%, to settle at 12,184. The blue-chips traded to a high
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any
9:00am (EST) This is one of our favorite titles to use in our daily updates from time-to-time and it was
1:45pm (EST) Futures were flat when the European markets opened for trading and remained that way for much of last
9:00am (EST) The market appeared as though it would end flat for the second straight session, but a late afternoon
1:50pm (EST) The bears have controlled much of today’s action after a mixed open and managed to push the major
9:00am (EST) Standard & Poor’s expanded its downgrade threat against Europe Tuesday morning to include Europe’s existing bailout fund which
2:15pm (EST) Some of the bulls have broken to higher ground while a few were left to fight the bears
9:00am (EST) We knew going into our afternoon update on Monday there could be a curveball coming which is why
1:00pm (EST) Futures were pointing towards a strong open this morning on hopes France and Germany could come together and
9:00am (EST) Coming into last week, the bulls had lost 7-straight sessions and the market was on the verge of
9:00am (ES Transocean (RIG, $43.95, down $1.44) January 52.50 calls (RIG120121C00052500, $0.55, down $0.20) Entry Price: $0.70 (12/7/11) Exit Target:
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Transocean (RIG, $45.48, up $0.47) January 52.50 calls (RIG120121C00052500, $0.75, flat) Entry Price: $0.70 (12/7/11) Exit Target: $1.40
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Autodesk (ADSK, $34.78, up $0.69) January 38 calls (ADSK120121C00038000, $0.90, up $0.15) Entry Price: $0.70 (12/2/11) Exit Target:
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Autodesk (ADSK, $34.09, up $0.12) January 38 calls (ADSK120121C00038000, $0.75, up $0.05) Entry Price: $0.70 (12/2/11) Exit Target:
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
The Dow gained a half-point on Friday, or 0.01%, to finish at 12,019. The blue-chips traded to a high of 12,146
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
12:20pm (EST) We have been mentioning for a few weeks that the economic news here at home could trump Europe’s
9:00am (EST) The market followed its recent pattern of consolidating after a huge move as Thursday’s action mirrored Tuesday’s session
12:55pm (EST) It has been a rough few months for momentum stocks as a number of high flyers have come
9:00am (EST) “Whatever method you use to pick stocks (or options)…your ultimate success or failure will depend on your ability
1:05pm (EST) We are going to keep it short and sweet today because as option traders, it doesn’t get any
9:00am (EST) The market ended mixed on Tuesday although the bulls “unofficially” won the session by taking 2-out-of-3. We went
12:20pm (EST) Most of you aren’t shocked by today’s headlines that AMR (AMR, $0.35, down $1.27), the parent company of
9:00am (EST) The bulls were facing a make-or-break session on Monday (and last Friday) after the bears broke through several
1:15pm (EST) There were a lot of traders who took Friday off because a) it was a half day and
9:00 (EST) The market continued its recent slide as the bears had their best bull feast in nearly 80 years
Back to Members Thursday, December 1, 2011 Friday, December 2, 2011 Monday, December 5, 2011 Tuesday, December 6, 2011 Wednesday,
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) continued… The Dow skyrocketed 490 points, or 4.22%, to settle at 12,045. The index easily cleared 11,600; 11,800;
December 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
Back to Members Thursday, December 1, 2011 Friday, December 2, 2011 Monday, December 5, 2011 Tuesday, December 6, 2011 Wednesday,
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Clean Energy Fuels (CLNE, $12.00, up $0.90) January 12.50 calls (CLNE120121C00012500, $0.90, up $0.25) Entry Price: $0.70 (11/25/11)
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
The Dow slipped 26 points, or 0.2%, to finish at 11,232 on Friday’s shortened session. We went into the week
November 2011 | Members 1:15pm (EST) Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have
9:00am (EST) The bears pushed their winning streak to 6-straight sessions on Wednesday after punishing the bulls for another 2%
2:05pm (EST) We knew another test to lower support levels was inevitable today as futures were pointing towards a nasty
9:00am (EST) Although it is November, it sure feels like August following the market’s recent slide which stretched to 5-straight
1:15pm (EST) The bears are looking for their fifth-straight win as the bulls continue to search for good news. Futures
9:00am (EST) The charts held up and backed our support targets on Monday but by no means are the bulls
9:00am (EST) The bulls were once again held hostage by Europe’s headline events but this time it was Spain and
9:00am (EST) Juniper Networks (JNPR, $20.55, down $0.86) January 25 calls (JNPR120121C00025000, $0.45, down $0.15) Entry Price: $0.65 (11/21/11) Exit
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) Juniper Networks (JNPR, $21.41, down $0.42) January 25 calls (JNPR120121C00025000, $0.60, down $0.10) Entry Price: $0.65 (11/21/11) Exit
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) The S&P experienced a similar decline in August like the one we are going through now. The index
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
9:00am (EST) cont… The Dow added 25 points, or 0.2%, to finish at 11,796. The blue-chips traded to a high of
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
1:45pm (EST) It seems that there is a new book out called “Capitol Punishment: The Hard Truth about Washington Corruption
9:00am (EST) The market continued its most recent pattern this week, opening lower with the bulls battling back to even
1:50pm (EST) The week before Thanksgiving has been bullish over the last 2 decades but it hasn’t worked out that
8:45am (EST) For those of you who have been with us for a few years, you know our distaste for
12:30pm (EST) When we hit the rack last we had one eye open on the futures which were once again
8:45am (EST) We are still getting good vibes from the bulls and yesterday’s win showed some strength. When we woke
1:15pm (EST) Dow futures were down triple-digits before the opening bell this morning but steadily improved before the start of
9:00am (EST) The bulls were faced with headline risk over the weekend coming into Monday’s session but all the news
1:15pm (EST) Trading has been sloppy and choppy this morning as the bears are doing their best to hold the
9:00am (EST) The bulls were able to continue their momentum to start the week as they pushed the market just
9:00am (EST) We wanted to cover the Dow and S&P charts real quick. As you can see, the indexes are
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
8:45am (EST) iShares Russell 2000 (IWM, $73.02, down $1.22) December 79 calls (IWM111217C00079000, $0.80, down $0.25) Entry Price: $1.10 (11/11/11) Exit
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
8:45am (EST) iShares Russell 2000 (IWM, $74.24, up $0.93) December 79 calls (IWM111217C00079000, $1.05, up $0.20) Entry Price: $1.10 (11/11/11) Exit
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any
9:00am (EST) continued… given the resistance but if it is taken out on the close this week, look for a
November 2011 | Members Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard