Mid-Market Update for 9/8/2017

Getting Ready for a Breakout, or Breakdown

3:30pm (EST)

I wanted to talk about the Track Record as some of you may have been lulled to sleep over the summer. I have received both good and bad emails since July with a number of cancellations due to auto-renewal. Folks, I do not charge credit cards, it is part of the original agreement from when you signed up. However, because credit card companies favor the consumer, people take advantage of this and then try to sign back up for my service after getting a refund.

Due to this, I have adopted a non-reoccurring billing policy due to recent subscribers that claim they didn’t know their card was being charged, or demanded a refund because they were too lazy to login and manage their accounts. I cannot do this for you even if you call or email me.

From here on out, I’m offering 6-month; 1-year; and 2-year memberships only. I don’t have time to manage your accounts, period. I watch the market from 6am to 5pm every day and most of my days are spent researching and studying the market. The Track Record since mid-May is 16-5. The biggest winners have been:

309% in DDD puts
200% AA calls
125% in FOLD calls
88% SNE
83% BAC calls
79% Imax
78% in FLEX

For those that have written to say I suck, that is your right, I’m a big boy. However, I’m a fact based person and numbers don’t lie. The win rate is 76% over this time period so if you didn’t take take ALL the trades, please refrain from the hate mail until I do get it wrong. The 5 losers were easily replace by the five of the seven aforementioned winners. This would leave a 200% and a 309% winner along with 9 other profitable trades.

For those of you on 1-year memberships, and longer-term memberships that signed up last December and January, at some point you will have to cancel your current membership so that the auto-renew billing is turned off. For those of you that would like a 50% discount off the current 1-year price, please email me.

I will also add an extra year as no cost along with the remaining time on your current membership. I will run this promotion in late November/ early December but for the early birds, please take advantage of it because the extra year won’t likely be included.

This may take a few weeks to get through all of the requests because I have to hire some help and to ensure your account is off of the old and onto the new. Otherwise, we can figure it out at your convenience and before yearend.

My goal is to run for 5 more years before I retire. For those of you that have been with me through the first ten years, thank you, and we are two-thirds of the way from retirement, together.

Today’s market action has been a little choppy but appears to be signaling a bullish breakout, or bearish breakdown, perhaps as early as next week. The Dow is up 20 points to 21,804 while the S&P 500 is down 2 points to 2,462. The Nasdaq is lower by 36 points to 6,361 and the Russell 2000 is gaining 2 points to 1,40-.

I have updated our current trades ahead of the weekend so let’s go check the tape.


Momentum Options Play List

Closed Momentum Options Trades for 2017: 46-19 (71%). All trades are dated and time stamped for verification. New subscribers can look at the past history to see how the trades have played out or to research our Track Records.

Do not risk more than 5% of your trading account on any one trade but do try to take all of the trades. Please remember, all “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard Stops” entered to close any trades or “Exit Orders” in your brokerage account unless I list one. I will send out a “Profit Alert” or “New Trade” if I want you to close a position or if a new trade comes out. Otherwise, follow instructions at all times in the 8am and 12pm–2pm (EST) updates. Also, I will usually give you a heads-up if I think I’m going to send a Trade Alert outside of these time frames.


Cypress Semiconductor (CY, $13.45, down $0.20)

CY October 14 calls (CY171020C00014000, $0.50, flat)

Entry Price: $0.60 (9/1/2017)
Exit Target: $1.20
Return: -17%
Stop Target: None

Action: Support is at $13.60-13.50. Resistance is at $13.75.


TherapeuticsMD (TXMD, $6.72, down $0.19)

TXMD December 7.50 calls (TXMD171215C00007500, $0.95, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: 0%
Stop Target: None

Action: Support is at $6.50-$6.25. Resistance is at $7-$7.25.


Intel (INTC, $35.14, down $0.40)

INTC October 37 calls (INTC171020C00037000, $0.16, down $0.09)

Entry Price: $0.53 (8/15/2017)
Exit Target: $1.10
Return: -71%
Stop Target: 10 cents (Stop Limit)

Action: Support is at $35.25-$35. Resistance is at $35.50-$35.75.


TiVo (TIVO, $18.15, up $0.55)

TIVO October 20 calls (TIVO171020C00020000, $0.35, up $0.05)

Entry Price: $0.70 (8/8/2017)
Exit Target: $1.40
Return: -50%
Stop Target: None

Action: Resistance is at $18.25-$18.50. Support is at $18-$17.75.