Wheeeee, this is fun! Industrial Production was DOWN 0.2% vs up 0.2% expected. This 200% miss was led by a 1.9% drop in utilities as consumers simply can’t afford to keep the lights on anymore, even with very low natural gas...
Read MoreDespite both beating estimates, Apple and IBM did not blow away investors like they were expecting, and the market appears ready to open the red. Goldman Sachs, Bank of America, and Johnson & Johnson did not do a whole lot...
Read MoreWheee, this is fun! Will our 7.5% lines hold? As I mentioned yesterday, we expected a test of our 7.5% lines at Dow 10,950, S&P 1,160, Nasdaq 2,400, NYSE 7,450 and Russell 690 and we remain TECHNICALLY bullish if we hold...
Read MoreToday’s tickers: SPLS, XCO, THC, FTO, YHOO, ERTS, LNC & GE SPLS – Staples, Inc. – The supplier of office products popped up on our ‘hot by options volume’ market scanner late in the trading session after one investor...
Read MoreGood Monday to everyone. I hope you all had a fantastic weekend. We start off the week with a sort of jittery Monday as things are all over the board to start the week. Last week, we had another really successful week of trading...
Read MoreAm I too bullish? I know I’ve been making a bearish case last week and I know we put out our first bearish list since April this month but, in reviewing October’s Overbought Eight for Members this weekend we reviewed the...
Read MoreWow, we covered a lot of stuff in Member Chat this weekend. After a really fun Friday where we had another couple of massive index puts pay off in the morning and on Saturday we reviewed our October’s Overbought 8 list, with...
Read MoreUp and up the markets go, where they stop – only Ben knows! We actually initiated the October 8 picks on Thurs, Sept 30th, when we had that crazy Dow spike to 10,950. As it was the last day of the month we got an instant...
Read MoreToday’s tickers: AA, SWKS, WDC & CSC AA – Alcoa, Inc. – Bearish options traders decided to pay Alcoa a visit this morning in order to pick up large numbers of put options in the November contract. Shares of the...
Read MoreAfter seeing the market be able to battle through issues like the bank probing and questions of the Fed, I am much more confident in the ability for us to hit 11,500 before moving back to 10,500. Today, the market once again...
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