Yesterday, in our Trading Room, while trading locking in profits on puts (short-side plays), I said, January 12, 2010 9:54 AM market they’ll likely position on the upside starting tomorrow and on Thursday for INTC’s earnings… Sure enough, after the initial "morning sickness", the market rallied back! We cashed out our puts and started looking for long-side [...]
Monthly Archives: January 2010
Market Pressured By Alcoa’s Earnings: SPX, Nasdaq, BIDU, FAS, HES, WLT, RTP, GOLD
January 12, 2010 – 9:33 pm
Last night, AA reported earnings that missed the estimates. The market gapped down at the open and slid lower, although the Dow climbed back up, ending down only 0.34%! AA shares closed 11.06% lower for the day. Commodity sectors were weak across the board. Energy, metals, and miners were all down: HES -4.01%; WLT -2.9%, [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, BTK
January 10, 2010 – 10:59 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate. With the MACD turning lower, we could see another couple of days of profit-taking in various sectors. It will be important for SPX to hold [...]
Playing Earnings Indirectly (Minimizing Risk On Earnings Plays)
January 7, 2010 – 8:48 pm
Those members who are in the Trading Room, and get to converse with me on a daily basis, know that I’m on vacation this week. For some inexplacable, yet very "happy" reason, I seem to always trade exceptionally well while on vacation. Needless to say, I’m trading lightly. Yet, so far, they are all winners (trades with [...]
Playing Earnings Indirectly (Minimizing Risk On Earnings Plays)
January 7, 2010 – 8:48 pm
Those members who are in the Trading Room, and get to converse with me on a daily basis, know that I’m on vacation this week. For some inexplacable, yet very "happy" reason, I seem to always trade exceptionally well while on vacation. Needless to say, I’m trading lightly. Yet, so far, they are all winners (trades with [...]
Cashing In On Casino Stocks!
January 6, 2010 – 10:23 am
It’s only a couple of days into the new year, yet the bullish sentiment has just exploded. Opportunities to make trades are all over the place, breadth is strong and that means broad sector moves. Let’s face it, a big lake to fish in beats a tiny pond. At any rate, Monday set up for [...]
Fast Start to the New Year!
January 6, 2010 – 10:20 am
The bulls couldn’t wait to get going and ran the markets up strong all day long. This was the biggest one day move in quite some time, you’d have to go back to Nov 16 to find the SPX up more than 1.5% on higher turnover. As one would expect breadth was spectacular on this [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, OIH, GLD, XLF
January 3, 2010 – 11:34 pm
Last weekend, in my Market Forecast, I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week. If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week. On the other hand, if the [...]
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