We saw major downward moves this week as the Dow trys to run from 14000.
Today alone the DJIA was down 208 points to 13,265.
As Fannie Mae and Freddie Mac toward possible $4.7 Billion in bond holding losses,
the subprime mortgage market starts to cause ripples worldwide. And as that happens, the US starts to see repatriation of US Dollars.
Will the Dow bounce back? We are not 100% percent sure. If Interest Rates drop, which currently look good before the end of the year, there is a solid chance that the Dow might bounce back for us.
-----Good Fortune
Friday, July 27, 2007
Wednesday, July 25, 2007
Thursdays Market
Todays market was a wild ride of 68 points and change on the DJIA.
Energy rallied when crude prices which jumped 3.4% to $76.05 per barrel. But the overall market seemed to be breathing a sigh of relief about the fact that the mortgage market fiasco might be overblown and we might have suffered the brunt already.
Not to mention the fact that the Bank of America (BAC 47.93, +0.78) announced it is increasing its quarterly dividend by 14% to $0.64 per share. Yet at the same time Citigroup closed down to $49.21. We have an Option interest in Citigroup, and look for it to move upward.
Energy rallied when crude prices which jumped 3.4% to $76.05 per barrel. But the overall market seemed to be breathing a sigh of relief about the fact that the mortgage market fiasco might be overblown and we might have suffered the brunt already.
Not to mention the fact that the Bank of America (BAC 47.93, +0.78) announced it is increasing its quarterly dividend by 14% to $0.64 per share. Yet at the same time Citigroup closed down to $49.21. We have an Option interest in Citigroup, and look for it to move upward.
Wednesday, July 18, 2007
Learn why trend following works!
I just posted the Trend Following video.
Check it out if you are thinking about making money in trading.
Michael Covel gives you the truth!
Check it out if you are thinking about making money in trading.
Michael Covel gives you the truth!
Tuesday, July 17, 2007
Record Breaking Performance
The DJIA topped 14,000 today and overall the market finished mixed.
We watched the negative Coca Cola news pull the sector down. Yet American Express was up 4.7% today, to 64.80.
Earnings keep improving for enough companies to continue to drive this market upward.
Although, the market did smell the possible joining of 2 beast. Verizon and Vodafone, in a 160 million dollar possible deal. M & A can jump start an industry into new highs like a match to a flame.
We like SPL btw. Superior Energy Services, Inc. provides oilfield services and equipment to serve drilling and production-related needs of oil and gas companies in the United States. It operates in four segments: Well Intervention Services, Rental Tools, Marine Services, and Oil and Gas Operations.
We should disclose that we do own options on January calls on SPL.
Good Fortune!
We watched the negative Coca Cola news pull the sector down. Yet American Express was up 4.7% today, to 64.80.
Earnings keep improving for enough companies to continue to drive this market upward.
Although, the market did smell the possible joining of 2 beast. Verizon and Vodafone, in a 160 million dollar possible deal. M & A can jump start an industry into new highs like a match to a flame.
We like SPL btw. Superior Energy Services, Inc. provides oilfield services and equipment to serve drilling and production-related needs of oil and gas companies in the United States. It operates in four segments: Well Intervention Services, Rental Tools, Marine Services, and Oil and Gas Operations.
We should disclose that we do own options on January calls on SPL.
Good Fortune!
Saturday, July 14, 2007
Looking Toward Monday
Monday might be a quiet day as the market waits for the bulk of economic news in the middle and the end of the week.
http://biz.yahoo.com/c/ec/200729.html
Keep in mind that earnings reports out for many companies. And that can mean volatility. Which in turn, can mean serious opportunity if you are on the right side of the trade.
Got questions about OptionU.com?
Go to http://www.optionu.com and talk to us live, Monday through Friday, and we will be happy to talk market chat with you.
Good Fortune!
http://biz.yahoo.com/c/ec/200729.html
Keep in mind that earnings reports out for many companies. And that can mean volatility. Which in turn, can mean serious opportunity if you are on the right side of the trade.
Got questions about OptionU.com?
Go to http://www.optionu.com and talk to us live, Monday through Friday, and we will be happy to talk market chat with you.
Good Fortune!
Friday, July 13, 2007
Spooky Friday the 13th
Today was another record in the market broke a 7 year record today, while the DJIA topped over 13,900. Fueled by a buy out of Alcan by Rio Tinto and a decent GE earnings report, this upward trend looks to still have momentum in its corner.
On this day, it should be noted that the Dollar rose off of all time lows.
Options that showed movement today, that we like are CMED, and AMGN.
On this day, it should be noted that the Dollar rose off of all time lows.
Options that showed movement today, that we like are CMED, and AMGN.
Thursday, July 12, 2007
Welcome to Optional Wealth @ OptionU.com
This Blog will contain information about Options, OptionU.com News, Education, Newsletters, Stock Market, and anything else that might be relative to making a profitable Option trade.
The Dow showed a bountiful 283 point gain today, while some of the key stocks rebounded from prior day corrections and went on to hit YTD highs.
Optional Wealth watched profits soar heavily from the retail sector, with names like Wal-Mart (WMT), JC Penney (JCP), Zumiez (ZUMZ), Target (TGT), American Eagle (AEO) and Abercrombie & Fitch (ANF). We are looking for BestBuy to surface soon as well(and we do have a position currently).
There will be more information on classroom availability soon.
The Dow showed a bountiful 283 point gain today, while some of the key stocks rebounded from prior day corrections and went on to hit YTD highs.
Optional Wealth watched profits soar heavily from the retail sector, with names like Wal-Mart (WMT), JC Penney (JCP), Zumiez (ZUMZ), Target (TGT), American Eagle (AEO) and Abercrombie & Fitch (ANF). We are looking for BestBuy to surface soon as well(and we do have a position currently).
There will be more information on classroom availability soon.
Subscribe to:
Posts (Atom)
