Weekly Wrap for 8/23/09
11:30pm (EST) 1. Commentary 2. Checking in on the VIX 3. Baltic Dry Index Continues To Tank 4. Earnings 5. […]
11:30pm (EST) 1. Commentary 2. Checking in on the VIX 3. Baltic Dry Index Continues To Tank 4. Earnings 5. […]
11:15am (EST) Sorry for the late post folks. I have been researching a couple of trades this morning and all
10:40pm (EST) Bank of America (BAC, $17.14, up $0.39) January 20 calls (BYOAT, $1.30, up $0.10) Entry Price: $1.18
Abercrombie & Fitch (ANF, $31.68, up $0.32) September 32 puts (ANFUJ, $2.05, down $0.20) Entry Price: $1.25 (8/14/09) Exit Target:
9:15am (EST) The futures had been up this morning but have lost steam after a worse-than-expected weekly jobs report. The
1:25pm (EST) It looked like the market was going to fall off a cliff this morning but the bulls have
9:15am (EST) European markets are bleeding red and the big talk is China’s Shanghai stock market which has fallen 5%
11:00pm (EST) Abercrombie & Fitch (ANF, $31.47, down $0.07) September 32 puts (ANFUJ, $2.20, flat) Entry Price: $1.25 (8/14/09)
11:00pm (EST) Abercrombie & Fitch (ANF, $31.54, down $2.71) September 32 puts (ANFUJ, $2.20, up $1.00) Entry Price: $1.25 (8/14/09)
1:00pm (EST) Abercrombie & Fitch (ANF, $31.96, down $2.29) is down 7% today and the September 32 puts (ANFUJ, $2.00, up
9:10am (EST) From last Thursday: “This has been a tough tape to read folks but I do think the market
1. Commentary 2. Allocating Option Trades 3. Putting a Collar Option on Your Investments 4. Earnings 5. Current Trades
11:20am (EST) Folks, I screwed up. This morning I listed the WRONG put options on Abercrombie & Fitch (ANF, $34.30,
9:15am (EST) The Dow futures are lower by 13, and Nasdaq futures are down 8 points as we head towards the
12:55pm (EST) The market started off strong but has given back most of those gains as I head to
1:00pm (EST) We have about an hour before the Fed announcement and the market is trading higher ahead of
11:50am (EST) The market continues to trade lower as the Dow is now off by triple-digits. At 9,234, the 103
10:45am (EST) There’s not a lot of green out there as the bulls are taking a breather ahead of the FOMC
9:30am (EST) Bank of America (BAC, $16.68, up $0.26) November 17.50 calls (BYOKZ, $1.50, up $0.10) Entry Price: $1.25 (8/10/09)
11:35pm (EST) Bank of America (BAC, $16.42, down $0.28) November 15 calls (BYOKO, $2.60, down $0.27) Entry Price: $1.50 (6/12/09)
1:20pm (EST) Make no doubt about it, the bulls are totally in charge of this market. If there was any
11:15pm (EST) Ford (F, $8.07, down $0.37) December 6 calls (FLI, $2.42, down $0.37) Entry Price: $1.25 (5/18/09) Exit Price:
11:40am (EST) Blame it on the jet lag… It has been hard to get back on track after the weekend’s
9:20am (EST) Ford (F, $8.44, up $0.14) December 6 calls (FLI, $2.80, up $0.20) Entry Price: $1.25 (5/18/09) Exit Price:
12:30pm (EST) The market is down a little after a weak Institute for Supply Management (ISM) number that reported business
1:35pm (EST) Imax (IMAX, $9.28, up $0.08) is setting a new 52-week high today and for those of you who
10:00am (EST) Ford (F, $8.12, down $0.21) December 6 calls (FLI, $2.50, down $0.18) Entry Price: $1.25 (5/18/09) Exit Price:
1:10pm (EST) The Dow has come off its high of 9,288 and is currently up 83 to 9,255. After such
9:00am (EST) Futures are sharply higher this morning as broad gains in the overseas markets have helped put Wall Street
Ford (F, $7.91, up $0.52) continues to push $8 and is looking golden to hit $10 by year-end if not
10:15am (EST) I wanted to see how we opened this morning before posting so I could get a feel for
11:15pm (EST) Ford (F, $7.39, up $0.27) December 6 calls (FLI, $1.85, up $0.20) Entry Price: $1.25 (5/18/09) Exit Price:
1:45pm (EST) Sometimes the writing is on the wall. Make that…sometimes the writing is on the Blog. For
9:15am (EST) I’m running a little behind this morning so I’m doing today’s Blog on the fly. Dow futures are
11:30pm (EST) Don’t shoot the messenger… Green Mountain Coffee Roasters (GMCR, $67.50, down $0.25) reported earnings after the
1:00pm (EST) The bulls seem to be on vacation this week and the ones left behind are trying to hold
9:00am (EST) Futures are pointing towards a negative open after Durable Goods orders came in lower than expected. Dow
1:00 pm (EST) The bulls are struggling to extend yesterday’s gains as the Dow is currently down 67 points to 9,041. There
9:25am (EST) Ahead of the opening bell, Dow futures are lower by 50, or 0.5%, to 9,024. The S&P 500
10:45pm (EST) What a busy day it was for option traders. I threw a ton of trades at you
1:25pm (EST) I like Visa (V, $67.68, up $0.39) this week. The August 70 calls (VEHHN, $1.60, up $0.25) are
11:15am (EST) DryShips (DRYS, $6.74, up $0.51) is having a huge day, rallying 7%, ahead of Friday’s earnings announcement. Here
1. Commentary 2. Green Mountain Coffee Roasters Brewing Big Gains 3. Earnings 4. Current Trades & Closed Trades 5. Monday
12:45pm (EST) The market has held up rather well despite the rough outings being posted by Amazon.com (AMZN, $86.00,
10:00pm (EST) The big news after the bell has been Microsoft (MSFT, $25.56, up $0.76). The company reported earnings after
1:30pm (EST) Forgive me for not posting my usual pre-market Blog this morning. I’ve been “relaxing”…it’s the old man’s birthday.
I have taken your requests and have tweaked how I’m going to profile the trades we are currently following and
10:00am (EST) Chipotle Mexican Grill (CMG, $91.23, up $2.53) will be reporting earnings after the bell today so I wanted
10:30pm (EST) Talk about a product(s) that sells itself. Every year, quarter after quarter, Apple (AAPL, $151.51, down $1.40) seems
1:00pm (EST) After a strong start, the market has slipped as all three major indexes are slightly down. The losses
9:00am (EST) All aboard! The bulls are determined to take this market higher and showed up Monday ready to run.
12:30pm (EST) Fairchild Semiconductor (FCS, $8.83, up $0.26) is one of the best performers in the chip sector today as
10:30am (EST) We have a tiger by the tail… The Dow is currently up 75 points to 8819 while the
12:30pm (EST) USEC (USU, $6.30, up $0.15) was profiled at $5.84 Tuesday and I’m starting to warm up to the play. The August
10:00am (EST) I was jamming to Queen’s classic hit song on my iPod last night and started wondering if Wall
8:00am (EST) Two words for today. IBM (IBM, $107.22) and Google (GOOG, $438.17). But before we get to that
Intel (INTC, $18.05, up $1.22). Even better was the fact that the company also issued higher guidance for the third
12:45pm (EST) IBM (IBM, $106.47, up $3.22) has been strong all day and we have some decent gains in the
9:20 am (EST) Intel (INTC, $18.07, up $1.24) is powering the futures higher after beating Wall Street estimates by 10
10:20 PM (EST) Wall Street had a positive day but you gotta have that feeling that the bulls stomachs
12:20pm (EST) With the weekend coming up, it’s always good to plan ahead. Alcoa (AA, $9.20, down $0.02) may have
8:30pm (EST) One of my favorite trades is the “history repeats itself” trade. These are trades on stocks that you
10:10am (EST) I wanted to see how we opened this morning before doing an update… The retail sector reported their
2:30pm (EST) After spending the first couple of hours in positive territory, the market has given up all of its
8:50am (EST) Amgen (AMGN, $52.23, up $0.18) is no stranger to the Blog and last night after the closing bell
10:45pm (EST) In what started out as a “steady” day for the bulls turned out to be a disaster waiting
11:00am (EST) To no surprise, the market is trending lower this morning as all three major indexes are off by
11:30pm (EST) Yeah, I knew that headline would get your attention instead of a “Monday Night Wrap”… In what turned
1:50pm (EST) The market has held up rather well despite the nervous open we got. After starting the session with
7:30am (EST) Futures are sharply lower this morning so many of these positions will have to be watched closely. There
1. Commentary 2. Earnings 3. Current Trades & Closed Trades 4. Closing Thoughts ************************************************** 1. Commentary The market ended the
9:00am (EST) The unemployment numbers were not pretty, folks. The Dow futures are down 104 points while the S&P 500
8:00am (EST) Sorry for the delay on this one. Lost my Internet connection for awhile last night due to a
10:30am (EST) The Financial stocks have been rather quite of late as they seem to be drifting around waiting
9:25am (EST) The market managed to start the week off in positive territory as the Dow added 90 points, or
12:30pm (EST) ChangeYou.com (CYOU, $43.18, down $2.34) opened the morning at $46.74 and hit a high of $46.85 before tumbling
9:00am (EST) Futures are pointing towards a higher open; Dow futures are up 22, Nasdaq futures are up 4 while
1. Commentary 2. Palm Continues To Surge 3. Precision Trading Tools & Tactics Live Webinar 4. Earnings 5. Current Trades
10:00am (EST) I wanted to wait until the market opened to do today’s morning blog. Futures were pointing towards a
11:50pm (EST) Wednesday Night There was a ton of action today in the market and it was a
1:30pm (EST) The market is having a great day and Ben Bernanke is holding his own. The Dow is
1:30am (EST) Mornin’ Folks, One thing I didn’t go in-depth on last night was the Fed meeting. I mentioned
8:45pm Wednesday night (EST) The market started off on a good note after we got a great Durable Goods report
10:30am (EST) I wanted to wait until after we got the housing numbers to do this morning’s update and to
It was a brutal Monday for the market if you were a bull as all three major indexes took a beating.
11:30am (EST) Last week, I talked about making Watch Lists and how they can help you with your trading. One sector
1:10pm (EST) Here’s the deal. Abercrombie & Fitch (ANF, $25.99, down $0.50) has broke below $26 and the July 25
It was another struggle for the bulls as Wall Street ended Wednesday’s session with mixed reviews. The President had a
12:45pm (EST) Quick update. Some of you have received user names and passwords that may not have worked this morning.
10:00pm (EST) The bulls are back in town. Well, they never left really. The bears came up swinging Monday after
11:00am (EST) The response to our new trading service was overwhelming. Thank you. Due to the high volume of orders,
10:00am (EST) The euphoria wore off quickly as Wall Street started to digest the unemployment numbers. The Dow reached a
10:00pm (EST) I have a couple pieces of good news for everybody tonight. The first one is obvious as Dendreon
12:30pm (EST) It seems the bulls are back in town today as the market has held positive territory for most
2:00am (EST) It seems like nothing can get in Apple’s (AAPL, $140.95, up $1.46) way. Despite a crummy Wednesday that
I’ve got a lot to cover about our new service but I wanted to go over the trades that I
2:20pm (EST) General Motors (GMGMQ, $0.58, down $0.17) has a new stock symbol after it was suspended from the New
11:00am (EST) Dendreon (DNDN, $24.08, up $0.66)has been trending higher for the last week and all of the hoopla that
7:30pm (EST) We are launching the new trading service in the next day or two. I plan to have all