12:35pm (EST)
Futures were flat when we hit the rack last night and were at the same levels heading into this morning’s opening bell. Halfway through the session, not much has changed as the bulls try to hold current levels.
With light volume, anything can happen but the last hour of trading could get very interesting. The few traders who are working this week, like us, may try to get ahead of next week’s open by forcing some hands. If there is a big spike past resistance into the close, next week could have fund managers chasing right off the bat. If support breaks, there could be panic on Tuesday morning.
We doubt this happens but we will be watching. In fact, if we see something late, we might take positions so stay locked-and-loaded until 3:59pm (EST).
We will go over our 2011 stats next week but it looks as though our 2011 portfolio will end the year with over $15,000 in profits with our winning percentage near 70% for ALL of our options trades. This means if you started an account with $10,000 you could have made 150% on your money, or, if you started with $15,000, you could have doubled your money this year with our recommendations.
Our Weekly Wrap was 16-0 for 2011 and should be closing 2-3 trades in January that will run the track record to 19-0. Remember, if you go to our subscription page you can get both the Daily and the Weekly for 1-year at a huge savings by purchasing both. You will also get our trading manual, How to Trade Options on Momentum Stocks, at no charge (an $899 value) and shipping is on the house. The trading course comes with ongoing videos and we will be cutting the cord on this deal shortly. Our next video is scheduled for the first week of January and you won’t want to miss it!
We will be back Monday night with the Weekly Wrap and Tuesday morning with our next issue of the Daily. We will be going into 2012 with 8 open trades for our Daily and some of them are doing really well. If you want to take your trading to the next level, come join us.
As we head to press, the Dow is down 34 points to 12,253 while the S&P 500 is off by 2 points to 1,260. The Nasdaq just turned red and is down a half-point. Subscribers, check the Members Area for the last minute adjustments and remember to be on the alert until the closing bell sounds!
