The Dow ended Tuesday’s session up 20 points and closed at 11,691. The index traded to a high of 11,698 and we are looking for a close above 11,700. Blue-chip component Alcoa (AA, $16.52, up $0.72) led the way with an impressive 4.6% pop while Dow member McDonald’s (MCD, $74.31, down $2.29) headed the list of reds with a loss of 3%.
We don’t mean to sway, but one Dow stock we are looking at is Pfizer (PFE, $17.99, up $0.31) which is about to break serious resistance. The company has issues but shares have been looking strong and we think Pfizer can break $20 over the next 3 months. We take a closer look at the company inside our Members Area and we did a video last night to explain what we are seeing.
As far as the other indexes, the S&P 500 slipped 2 points and settled at 1,270. The index traded to a high of 1,274 at the open and fell to a low of 1,262 which was prior resistance. We are still looking for a close above 1,275.
The Nasdaq saw Bo Derek and dropped 10 to finish at 2,681. Our short-term target has been 2,700 and the index traded to low of 2,663 which was above prior resistance of 2,660. So, support (which was resistance) held here as well.
Folks, we really want you to see the video on Pfizer this morning. It’s quick, it’s easy and we show you this important feature. If you were to buy 1,000 shares of Pfizer this morning it would cost you $18,000. If shares go to $20, you make $2,000. If shares fall to $16, you are down $2,000.
Now, what if we told you that you could CONTROL 1,000 shares of Pfizer until mid-February for under $500 or even $150? Does that have your interest? Well, what if we told you that your $500 could make you $1,500, or 300%, if Pfizer makes it to $20 by Valentine’s Day. In fact, your $150 could make you $850, or 567%, if the stock hits $20 by then. How? Come watch our video.
The video is for subscribers who purchased our option trading manual, How to Trade Options on Momentum Stocks, and will be delivered to your inbox shortly. Folks, we made an unbelievable deal when we offered our course for free (a $599 value with free shipping) if you purchased a 1-year membership to our Daily newsletter or Weekly Wrap.
The reason we offered the special was to create more awareness of the power of options and to show investors these explosive situations. Ask yourself, would you rather risk $500 to make 300%, or $1,500, OR would you rather put up $18,000 to make $2,000?
The special deal for our trading course ended on Sunday night so we won’t advertise it again but we are still getting emails.
If you are still interested in purchasing a 1-year subscription to get our free option trading course, then email us. If you signup today, you will have instant access to our current video on Pfizer and you will be able to see exactly what we are talking about. But, we can’t keep the offer open any longer. 2011 has begun and we have hit the ground running.
As we head to press, futures look like this:
Dow (-25); S&P 500 (-3); Nasdaq 100 (-4).
The market got a good jobs number this morning and futures have come off their lows from last night which bodes well for the bulls. Subscribers, check the Members Area for the trade updates.]]>