The market is a little choppy today and is trying to make a comeback as we go to press. The Dow is only down 6 points 10,401 and the S&P is down 3 to 1,106. Meanwhile, the Nasdaq is also lower by 3 points and is currently at 2,194.
It would be nice to see the S&P 500 hold 1,100 as we head into Friday’s option expiration. If the index can hold or move higher we could start to see some real pressure on the bears. This is a key level and could give the bulls some momentum if we can push higher.
Of course, the real action is not out here but in the Members Area where we were able to get into two trades this morning that are already showing a profit. And how could we leave today without saying Netflix (NFLX, $60.50, up $1.04) has smashed through the $60 level like a canon ball though paper? One of our Netflix trades is already showing a sweet 50% profit since last Friday while the other is up 24%. We still don’t think it’s too late to play this one…Current subscribers, check the Members Area for today’s updates…