Futures are up already for Monday, with the Dow up around 80 and the NASDAQ around 12. The market has been real volatile these past few weeks and we will have to wait and see what this week will hold. Prepare by looking at the econ. chart Click here.
The bailout deal may be near. Read More
Check these out.
| Stock | Fri Close | Mon Close | Change (%) | Stock Volume |
| MNT news | 16.15 | 30.58 | 89.35 | 1358107 |
| Stock | Fri Close | Mon Close | Change (%) | Stock Volume |
| SRS news | 121.52 | 164.94 | 35.73 | 6484076 |
Monday and next week has key economic data including ISM, and various job reports that could shape the trading week. See the whole calendar here.
A research firm is predicting that China will grow at around 10% or more. Read more.
It has been reported that Microsoft is trying to buy Yahoo search. Read More.
Patience
One of the main keys to being a great trader is having patience and not letting the emotion and euphoria of the market move you. As we have seen, this market can go up and then it can come right back down just as fast. Have a clear trading plan, that includes a entry and exit and remember greed is the trader's worst nightmare.
President-Elect
The economic reports have not been been good and in particular we are seeing that lay-offs are becoming inevitable. The U.S. has just passed a monumental level by electing the first African- American president and the Street is waiting to see the effects of this new government leadership.
Other News
RIMM will sell its new phone, the storm in the UK on Nov. 14, with hopes of having huge sales. It was down over 9% today.
Friday' Economic Reports
Friday will bring many key economic reports that could help continue the current downward trend of the market. Check out the other reports here.
The market was up over 10% the other day and its continues as the FED cut rates yesterday by a half basis point. Question is whether this is just a dead cat bounce or a real change in trend. Consumer Confidence was at a 28 year low and the GDP report was not good, but sometimes the news is representing whats already happened in the market.
Visa (V) announced that it's fourth-quarter loss narrowed to $356 million, or 45 cents per share, from a loss of $1.66 billion, a year ago. Excluding one-time items, the credit card company said it earned 58 cents per share, topping Wall Street expectations by 2 cents per share. Revenue came in at $1.71 billion, up from $1.46 billion a year ago and above analysts' projections for $1.68 billion.
Exxon Mobil (XOM) reported that third-quarter earnings rose 58% to $14.8 billion, or $2.86 per share. Revenue arrived at $137.74 billion. Excluding items, earnings totaled $13.38 billion, or $2.59 per share, topping analyst expectations for a profit of $2.38 per share on revenue of $131.4 billion.
Remember patience is very important when trading.
The market fooled many a few days back on that +600 pt. run, many thought it was over but failed to see that this was possibly a dead cat bounce. The market as of today is down over 100 and no one knows where this will end. A possible recession has been called by many as the market and the global economy slows down.
Earnings
GOOG will report today at market close and many are waiting to see what the report will look like. Check out these analysts reports, click here.
Till next time.
www.freeoptionspick.com
We are in historic times as the market continues to free fall even after the FED cut rates this morning. It seems that consumer confidence is shattered and this will take much longer for the market to figure out.
Foreign markets cut rates which as well...Read More
Well, not much going else but a waiting game, or a put game. Congrats to the Platinum's who made around 50% on a recent pick. www.freeoptionspick.com
Till next time, trade well and have risk stops in place. Cant see direction, then sit on the sidelines.
Yesterday we saw WAMU seized by the FDIC and sold to JP Morgan Chase. Wow, this is history, we have seen some of the supposed best and brightest build companies that take decades to erect and then it is destroyed under there helm in a matter of weeks. Does this sound just a little weird? Could they have not seen this coming, or just did not. Greed can drive people to do CRAZY things. Furthermore, we are in a heated political campaign with recession on the horizon and more job cuts. Will anymore banks fail? Many are estimating that more small banks will fail, but who knows how many more of the big boys will take the dive, there aren't many left anyways. Also, this crazy 700 Billion bailout bill is getting thrown around on the Hill. Who is going to pay for all this?? But if it is not done what will happen to the markets??
RIMM is getting smashed. Read more here...
NIKE beat the street this week. Check this out
That's all for today. Have a great weekend.
www.freeoptionspick.com
This market has been one of the most tumultuous in years. We have seen the total disappearance of Bear Sterns one of the oldest and most respected firms on the street. Freddie Mac and Fannie Mae have gone down to the point of being only worth spare change. Lehman Brothers is worth only $.19 as we speak as they file for Chapter 11 and Bank of America has offered to buy Merrill Lynch for a fraction of what is it worth. The only two left are Goldman Sachs and Morgan Stanley
which both release earnings this week. The put buying has greatly increased on all these banks including AIG , while the FED will meet this week and a possible rate-cut may be on the horizon.
Trading in this market is very risky especially with options but with high risk, there is high reward. Keep your eyes on the banks especially as the market approaches the 11,000 support level which if broken, it could be a long fall. Till next time, www.freeoptionspick.com .
Today again, we see financials are down as Freddie, Fannie and all the other banks are facing more potential problems. For more information check out this article.
Financial stocks have been way off there highs this year creating not only housing and credit issues but credit issues with brokerages. After the demise of Bear Stearns, yes Bear Stearns who would have thought, now many more banks are having increased write-offs and many analysts are predicting that there will be many more to come. LEH Lehman Brothers has been dropping like a fly and many think that it will coninue to head south on new write-offs. Option traders have been leaning on the October puts heavily for the Financial ETF. The market did close up today but the next few days and months will be the test. Till next time. www.freeoptionpick.com
The market staged a later rally based on talks from the FED chief and the possible passing of the housing bill that could rescue thousands of properties from foreclosure. Financials surged today on these talks. For thos looking for a trade take a look at WB Wachovia Bank at the October 17.50 Calls with a current price of $1.50. Keep tight stops on these plays for the market always has risk involved.
For more information check out www.freeoptionspick.com or www.stockoptionseducation.com .
After the FED held rates at the current rates the market began to show sign off a run but what seemed so did not last too long. The market went into triple digit territory and right back to red territory. That is usually a sign of a battle between the bears and the bulls with the bears taking the market and closing up only a few points. The market does not too strong. Home prices are dropping, fuel prices are rising and consumer confidence is decreasing. Large companies are laying off left and right and consumers are not shopping as they used to. Rising food costs are sucking paychecks and unemployment is also rising. During this time, it is good trade puts on dips or wait on the sidelines for the reversal which may not happen till this time next year.
The mighty RIMM fell today based on earnings and is currently down over 10 pts. in the after-hours on profit potential. Honestly, how long could they have kept this up? How many Blackberry's can you sell, after you have sold a millions. Split after split (even when other companies could not split) and beating earnings after earnings. Either way, its a great product and a solid company as long as they continue to make good, innovative products. Till next time.
Either way, there is always a trade to make at www.freeoptionspick.com
This market has been on a downtrend for the past week or so and the end is not near based on the fundamentals of the economy. Unemployment reports jumped the fastest it has been in the past decade and gas it at all time high and there is no sign of ease as we move deeper into the summer. Food costs are high as well and many foreclosures are on the rise. Many people, including some of you who are reading this now are feeling the crunch. The next support point for the DOW is around the12,000 mark then if it breaks that say hello to 11,800. If it breaks that hold on people we are in for a ride, south that would be. With elections in November we may see some changes in ealry '09 but many still doubt it.
Trade wisely. Stay tuned. www.freeoptionspick.com
Coming off another volatile week, we had up days and down days. Some people made money and others lost, but we www.freeoptionspick.com you can get some solid winners. Amongst the most notable are, drum line please, VISA, V which ran up to around $69.00 and finished above $65.00. Many people like this stock, and think that due to the run in MasterCard, VISA will have much more success. Hey, I guess we will have to wait and see.
Did anyone see GE drop like crazy. First time, since the 80's. Could this signal another market crash or did the market over react? GE is a monstrous company that has many different facets, but many never expected it to get hit with any credit issues. Hopefully, Immelt can take this bad boy higher in the long-term.
Till next time.
www.freeoptionspick.com
First, let's take a look at this past week. We had a 390+ point day that had everything running, no matter what it was. UBS writes down 19 billion dollars and the market runs, interesting, could this be a sign that the market is hitting a low point, maybe maybe not. The FED came out today and acknowledged that the US economy has slowed down, wow, like we never knew. Well, lets see what the market will do based on the jobs report that are set to debut this week. On another note, RIMM posted earnings that beat expectations and is up about 4% in after hours.
Ok, Ok, lets get to the business. Traders have been hovering like sharks around the $22.50 and $25.00 calls on (Drum Roll) Expedia. Expedia has been up around 10% as of yesterday based on rumors that the big Google will eat up this company.Will it go through???Especially with all this credit issues, who knows, but somebody smells food though, because these options have been eaten up by traders. What is it, buy on rumor and sell on news??
Personally, I am a option guy, but if you like trading stock, these guys may be your answer: Check them out
Tell next time. www.freeoptionspick.com
Once, again we can learn why patience is very important in option trading. This market has been up and down for the past few months and it seems like this will be a very hard year for the Wall Street market. Bear Stearns is down 40% today on credit concerns and other issues that show how bad things really are with these banks. It is reported that Yahoo and Microsoft have resumed informal talks on a buyout. Who knows when this deal will be hammered out. Yahoo is desperately fighting of the buyout while Microsoft is pushing for the buyout. There are rumors about AOL and Yahoo attempting some type of agreement, but all this is in the mix.
This is a shaky market which can be very bad for the irrational and impatient trader. Some advice, trade with discipline and tight stops to decrease potential losses. Stay tuned to the www.freeoptionspick.com site and emails as we will send out a pick as soon as a Alert is triggered.
Have a great weekend!
This market has been on a tear today after the FED pumped some cash into the fledgling banking system. The market seemed to enjoy this as it climbed over 400 points in one day. A lot of economic data has been priced in and we may see a run to the 12250+ levels and beyond if this party can keep going. Almost everything was up except health care, which got smashed today based on a warning from Wellpoint which left investor's wondering about the supposedly recession-proof health stocks.
Will this rally hold up or is this just waiting to touch another low? Another day at the markets.
Check out www.freeoptionspick.com for great picks today!
We saw a week of volatility as the FED talked before Congress and a week of economic data that futher confirmed that housing and credit troubles are still a issue. Google GOOG tanked earlier in the week due to low click rates but was not there for long. The market suffered major losses on Friday which has many wondering if this market will head back to the 12,000 level or hover in this area for a certain amount of time. Oil broke through the $100 level and certain stocks such as Devon Energy DVN. It is during this time that your stops have to be close. Continue to check www.freeoptionspick.com for more information.
Wow, what a run on the Chinese internet stock, BIDU. Just a few weeks ago the stock was down to the $220.00 and now today after reporting good earnings the stock is up to $280 after hours. Wow, the option activity has ben huge and tomorrow may be another day as buyers continue to go long, and shorts will load up to take this down. This is crazy! One thing is for sure, some people made crazy money and others lost crazy money.
The market seems to be doing a little better, so we will see what these next days will bring. Stay tuned and good bidding. www.freeoptionspick.com
The market has faced huge volatility in the past few weeks that either strengthened your portfolio or smashed it. The FED cut rate by3/4 point which gave the market the springboard it needed. Today the government stepped in and approved the rebate checks for tax payers which could extra money in some people's pockets. Not bad to get some cash back for all those taxes we pay. Will the FED cut again next week? The market seemed to have speculated that another 3/4 point cut was coming next week. Could it be so? If they do not make this cut happen the market could go south instead and hard. Some say we are experiencing a dead cat's bounce into a bear's stomach. There is still some information that needs to come out from banks etc that could put a plug in the party.
Almost every stock is way off their 52 week highs and continue to head south. The market has dropped to 12150, a area that many thought they would never see again. Is it time to start shopping and loading up on all the stocks that are way too cheap? Who knows, but the FED dealt a blow to the market today, and many are hoping for a emergency rate cut before January 30. It is clear that the stock market is reacting very negatively to what is going on in the general economy. Can this go any lower, like below 12000?? I guess many are screaming for bond funds, but wait, are you supposed to buy low and sell high?Question is:what is low?? Till next time,stay sane the stock market has returned over 10% every year for a very long time.
www.freeoptionspick.com
All this talk about recession has been quited with the tremendous day for the markets today. The DOW bounced off support and broke areas that were questionable just two days prior, but is this a dead cat bounce or a real change in trend. Unemployment reports last month were at 5%, the highest in a long time. Consumer spending is slowing and retailers experienced one of the worst holiday shopping season in five years. Things that make you go HMMM? The FED chairman turned the market around by saying that the FED is willing to cut rates aggressively if needed. Is it a case that this band-aid cannot heal this wound, or is it helping. I guess we will just have to wait to see what will happen in the next few weeks.
Other news, CFC ran up over 20% today on possible Bank of America buy-out news. As we know Bank of America has already sinked a few billion in here, so I guess they may be loading up the truck. Will this buy-out be official or will it flop?? Who knows, but there are many call options out there if you want to speculate.
Get ready for earnings season. We will be sending earnings alerts as they come. Have a good weekend.
Dont forget to check out:http://www.freeoptionspick.com for the latest trades. Where else can you get them for this price?
Posts
All Comments
