Category Archive for ‘Covered Calls’

October 21, 2011

Bears Flinch, Lose Grip

by Rick Rouse / Posted in Daily Update, Earnings, Weekly Wrap RR, Covered Calls

1:00pm (EST) Sometimes it is hard to go against the crowd even though what they are seeing can be believable. If you join the crowd, then you can say you were right or wrong with a lot of other people when something does or doesn’t work out but it won’tRead more

October 21, 2011

Bulls Getting Restless

by Rick Rouse / Posted in Daily Update, Earnings, Yahoo / Microsoft, Covered Calls

9:00am (EST) The market ended mixed on Thursday despite a day of good economic news and better-than expected earnings. We mentioned in our Weekly Wrap on Sunday that we would be entering the heart of 3Q earnings season this week and so far nearly 75% of the companies reporting haveRead more

September 2, 2011

Bears Push Support Ahead of Holiday Weekend

by Rick Rouse / Posted in Market Commentary, Daily Update, Market Analysis, Covered Calls

1:35pm (EST) The overseas markets were anticipating a weak jobs report last night as most of the indexes started their session with a 1% loss which led to a lower futures market here at home. There was a little optimism mid-week ahead of today’s Nonfarm Payrolls but that quickly wanedRead more

April 15, 2011

Bears Getting Stronger but Bulls Show Resiliency

by Rick Rouse / Posted in Daily Update, Market Analysis, Covered Calls, Market Commentary

12:50pm (EST) There has been a slight battle between the bulls and bears today as both sides try to square up their positions for the week. There has been a ton of economic data so let’s get that out of the way, first. The Consumer Price Index (CPI) was upRead more

December 3, 2010

Bulls Hold Down Fort

by Rick Rouse / Posted in Market Commentary, Daily Update, Market Analysis, Covered Calls

1:10pm (EST) We were a little nervous heading in to today’s unemployment numbers because the market was in overdrive and we had a sneaky feeling we could get a surprise or a “curveball” as we told our subscribers inside our Members Area yesterday. However, the trend has been too strongRead more

July 20, 2010

Big Blue Misses (IBM), Shares Tumble

by Rick Rouse / Posted in Covered Calls, Market Commentary, Daily Update, Earnings

9:00am (EST) The bulls managed to take the market higher on Monday, but they will likely give back all of those gains today and then some. Futures are pointing towards a nasty open after International Business Machines (IBM $129.79, up $1.76) missed on their revenue number. Yesterday, the Dow Jones added 57Read more

July 7, 2009

Tuesday's Tidbits

by Rick Rouse / No Comments / Posted in Option Trades, Covered Calls, Daily Update, Company Commentary

11:00am (EST) To no surprise, the market is trending lower this morning as all three major indexes are off by about 1%. The Dow is currently down 68 points to 8,256 while the S&P 500 is down 7 to 891. I normally do a pre-market Blog but today I wantedRead more

May 18, 2009

Cisco Systems Update

by Rick Rouse / No Comments / Posted in Daily Update, Covered Calls

8:00pm (EST) Cisco Systems (CSCO, $18.72, up $0.80) had a super day as it added nearly 5% and closed near its high on Monday. I had talked about buying the stock and writing a covered call against the shares in the Weekly Wrap which would have lowered your cost basis.Read more

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