10:00am (EST)
The euphoria wore off quickly as Wall Street started to digest the unemployment numbers. The Dow reached a high of 8,839 and is currently up 25 points at 8,775. It looks like this rally is fading so sell at least half of the Apple (AAPL, $144.84, up $1.10) June call options, if not all.
Dendreon (DNDN, $26.50, up $1.04) got initiated this morning by Deutsche Securities as the firm came out with a “Buy” rating on the stock. I think that dude was a little late to our party. The July 30 calls (UQBGF, $1.25, up $0.30) are up 30% and the August 30 calls (UQBHF, $2.00, up $0.38) are up over 20%. I profiled these trades because we did not have the subscription link ready for you and I hope everyone took advantage of the move over $25.
Cisco Systems (CSCO, $19.80, up $0.13) has traded as high as $19.98 this morning but was above $20 before the opening bell. The stock officially goes into the Dow on Monday.
I will profile all of the trades this weekend and will have an update on Monday morning. The biggest thing I want to leave you with is this.
When I post the subscription link today for the new trading service, please email me after you sign up. It has been a busy week for me and we had a few snags launching the website. That was a good thing in a way because many of you got one last preview before we launch.
The reason I want you to email me is because I want to make sure you are on the list and that you do not miss Monday’s update. You will receive emails from the site and I will also be posting the trades on the website next week. Any trades or updates on trades will come by email before 9:30am (EST) and there may be another one during the day depending on market conditions.
Again, once I post the site today, please take your time and read over the information. We answer a lot of the questions I have been getting in emails. If you have further questions, email me again. I will be spending the rest of the day and weekend answering all of the emails I have received. Once things settle down, you can expect an email response from me within 24 hours from here on out.
After you pick your subscription choice (go with the one-year), please send me an email at Rick@OptionsMentoring.com and in the subject line put how long you signed up for.
I encourage you to sign up for the longer-terms because I will be giving you a lot of details on how events and stocks move the market. You will know exactly why I put us in an Apple or a Cisco trade and what to look for when finding trades.
I want to thank all of you who have been following me for over a year and I hope you continue following me with a subscription.
The market has faded in and out of positive territory since I started this blog and the afternoon action is looking to be a nail biter.
Rick Rouse
Rick@OptionsMentoring.com
