The Dow started the week at 11,787 and is currently up 37 points to 11,859. The index has traded to a high of 11,905 and could push 12,000 over the next week or two.
The S&P 500 was at 1,293 before the open on Monday and is currently up 4 points to 1,284. We are still looking for the index to crack 1,300.
The Nasdaq ended last Friday at 2,755 and has been weak all week. The index got a nice pop at the open but is currently down 5 points to 2,699.
Although earnings have slacked for some companies, the majority of them have been positive and we think there will be some bargain hunting over the next few weeks in some of the beaten down Tech names. The market is shaking a few traders out this week as people are probably going to expect a continued pullback.
We aren’t. We think the bulls can push new highs over the next month or two. Of course, that could change in a New York minute but the bears will have a lot of layers of support to break through before the trend changes.
We are going to do another video this weekend so that we can show you what we are seeing in the market. Our option trading manual, How to Trade Options on Momentum Stocks, has been a big hit with our subscribers and here are a few of the comments:
“Since Jan 1st, my portfolio is up 100%. That is strongly b/c of your recommendations but also b/c of my own picks. Prior to purchasing the manual, I never saw the trades ahead of time. I was just waiting for emails to come but now I can be proactive and search out my own trades.
Ex. FWLT, took out 2 positions in Feb and in May. My Feb options are up over 100% and the May options are right on track. Just wanted to say thanks! Keep the good ideas coming!” (END)
“I have spent thousands of dollars on some of the “Better” known option trading manuals out there and was intrigued and “shocked” when I saw a course for $599 with ongoing videos.
The option manual is written in such a matter that I learned more from your manual then all of the others combined. Also, other services want to sell you their “software” or tell you need to buy the advanced course, yada, yada, yada.
The reason why I love your manual is because you explain how the market works and what to look for when stocks are rising or falling. I just closed my first trade ever on my own and I did well playing the recent rally in copper.” Thanks again!” (END)
Folks, we ran a special in December to get everyone on board for the New Year. We offered the option trading course along with our Momentum Stocks Watch List which breaks down over 600 stocks and dozens of sectors and explains what moves them as a package deal. We also have about a dozen videos that explain trades, how to find trades and how to plan for earnings season.
We were offering the manual at no charge (a $599 value with no shipping costs) if you purchased a one-year membership to either our Daily newsletter or our Weekly Wrap.
We are going to offer this deal again for the weekend only and if you would like to upgrade, now is the time. You won’t see this deal available much longer because the course was initially priced to give our long-time subscribers the best deal in the industry and will soon price much higher but well below the industry norm. We are that confident in our ability to really show you how options work.
We will be back Sunday night with the Weekly Wrap but we seriously hope you consider our offer one last time.