12:40pm (EST)

The bulls are pushing all-time highs ahead of tomorrow’s GDP (Gross Domestic Product) report and all signs are pointing to a break out of the current trading range to new highs or a pullback and a test back down to the bottom of the trading range.

Amazon.com (AMZN, $272.71, up $3.93) is scheduled to report their quarterly numbers after the close tonight and Wall Street is looking for earnings of $9 cents a share on revenue of $16.2 billion.  The stock trades erratically after they confess to Wall Street as shares have traded up on “bad news” and down on “good news” in years past.

The company has plans to introduce a set top box to better manage its online streaming content and to get more users to shop their site from their TV.  There isn’t a lot of money to be made on the boxes themselves but gaining a potential customer to browse their site and buy things is a cheap way of attracting them.

One company that we have been following for years and is often traded in our Daily is Akamai Technologies (AKAM, $43.00, up $6.91) and is up 20% today.  Shares had been struggling at $36 with support/ resistance and we knew this would be a big quarter for them.  If the growth didn’t return shares would probably test $30 but if they came in with better-than-expected numbers we knew there was a chance shares could fly past $40.

The company reported a profit of $0.51 a share on revenue of $368 million versus expectations for $0.46 a share on revenue of $357 million.  Although we sat on the sidelines, the May 40 calls (AKAM130518C00040000, $3.33, up $2.55) are zooming on the news as they are up 327% on the earnings beat.

We have continued to say Akamai is a takeover target and we have said Apple (AAPL, $409.76, up $4.30) should buy the company.  Shares have hit a 52-week high of $43.42 but have folded like a cheap lawn chair every time they have tried to hold $40.  Maybe this go round will be different.

Another stock getting a nice pop is a small-cap company from our Weekly Wrap.  We have been pounding the table on this incredible growth story for over a year now and we originally profiled the stock at $4.50.  Shares traded down to $3 earlier this year and we said support would hold and that you should back the truck up.  We said once they cleared $3.80 and then $4 they would quickly shoot past $5.  Today shares are soaring past $7 and have traded up to $7.40.

Our Weekly Wrap is 12-1 for 2013 and 56-3 overall since we started the publication and we have a number of other current trades that are doing well.  The newsletter doesn’t get the fame-and-glory that the Daily does because investors are enamored with triple-digit option trades and often ignore they safety of covered call trading or speculative investments and double-digit returns.

Most of our Daily subscribers are yearly members to the Weekly Wrap and if you are not a current subscriber to the publication, we urge you to take advantage of this discounted offer to join us for 3 months at an incredible low rate.  We have made it a reasonable price so you can get in on this s mall-cap stock that is headed to double-digits and we also have a few other gems that could made moves of 50% or more.

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As far as the market, the Dow is up 70 points to 14,746 while the S&P 500 is higher by 10 points to 1,588.  The Nasdaq is advancing 27 points to 3,296 and has kissed 3,300.

We have a NEW TRADE for the Daily today so we have to roll.  Subscribers, check the Members Area for the updates as we have other trades in play.  We will be back in the AM with a full report.