Recent Articles
Dow Industrials Make It Three Straight Days Of Gains
Jul 8, 2010 Stock Market, Stocks Comments Off
The Dow Jones Industrial Average followed up yesterday’s 274.66 point gain, with a 120.71 gain today, making it three straight days of gains for the index. Twenty-nine stocks out of the thirty stocks in the Dow closed higher with Intel (INTC) the lone laggard, closing down $0.04 to $20.10. McDonald’s (MCD) and Boeing (BA) were the biggest gainers, rising $1.71 to $69.02 and $1.43 to $64.73 respectively.
Energy stocks were strong positive movers on the day on the back of a $1.83 rise in the price of oil. Anadarko Petroleum (APC) was up $2.97 to $44.56 and EOG Resources (EOG) added $2.42 to $106.22.
Retail stocks were mixed on the release of June sales numbers from the nation’s major retailers. Teen clothing retailer Abercrombie & Fitch (ANF) added $2.55 to $35.45 and Ross Stores (ROST) was off 41.32 to $54.03
Stocks To Watch – 06/30/10
Jun 30, 2010 Stock Market, Stock to watch, Stocks Comments Off
With the major indices trading in a very tight range, there isn’t much movement in individual stocks. A few standouts include electric car company Tesla Motors (TSLA), which went public yesterday and gained 40% in its first day of trading. The stock is up another 33.12% so far today, on a $6.83 to $27.45 in the shares.
Fertilizer producer CF Industries (CF) is up $3.17 or 5.12% to $65.13. Online retailer Amazon (AMZN) is up $3.33 or 3.07% to $111.94.
Among the losers, Celgene (CELG) is off $2.11 or 3.96% to $51.13. The stock is off the lows of the day however. CELG traded as low as $49.54 in earlier going.
Tesla Surges 40.53% In First Day Of Trading
Jun 29, 2010 IPOs, Stocks Comments Off
Shares of electric car company Tesla Motors (TSLA) rallied $6.89 or 40.53% from its opening price of $19, to close at $23.89, making the first U.S. auto manufacturing company IPO since 1956, when Ford (F) went public, a huge success. 18,767,561 shares of Tesla traded hands.
Yesterday, Tesla announced that it was raising the size of the IPO by 19.81%, from 11.1 million to 13.3 million. The company ended up selling those 13.3 million shares at $17, compared to its planned offering price of $14-$16.
Highlighting the huge demand for Tesla’s stock, the it was a horrible day for the stock market, with all the major indices down over two and half percent. The NASDAQ and the S&P 500 indices actually dropped 3.85% and 3.10% respectively.
All thirty stocks in the Dow Jones Industrial Average closed lower and only one stock, Zimmer Holdings (ZMH) among the five hundred in the S&P 500, managed to close higher. ZMH added $0.03 to close at $54.60.
Free Trade Of The Day
Jun 25, 2010 Trading Idea Comments Off
We just sent out the following trade alert to subscribers of our Navivest Options Capitalist Service:
The Options Capitalist
06/24/10
Caterpillar (CAT) $63.86
It looks like we may see some buying today and stocks could recover from the week long swoon. Buy the Caterpillar (CAT) July 2010 65 calls. Current price is $1.64 by $1.66.
Navivest
Buy Stocks Here On Rebound Expectation
Jun 25, 2010 Stock Market, Stock to watch, Technical Analysis, Trading Idea Comments Off
With the exception of Wednesday when we had a small move to the upside, the major indices have been down every day this week and today we are also seeing some weakness in stocks. However, we are looking for a rebound and traders can start buying here for some quick profits today.
In early afternoon trading, Wynn Resorts (WYNN) is up $0.87 to $86.90 and we are looking for some more upside in the shares. Yesterday, we sent out a buy trade alert to subscribers of our Navivest Options Capitalist service on the Wynn July 90 calls.
We also like commodity related stocks, which while already up on the day, should see some more upside. In the space, we like Freeport McMoRan (FCX), which is only up $1.26 to $64.70.
Dow Gives Up 143 Points Gain
Jun 21, 2010 Stock Market, Stocks Comments Off
The stock market, which started the day on a positive note, as all the major indices rallied in the early going, on news that China was going to loosen its grip on its currency and let it rise against the U.S. Dollar, gave up all its early gains and then some in late day trading, with the Dow giving up a 143.52 points gain that had been tacked on earlier.
For the day, the Dow Jones Industrial Average lost 8.23 points to close at 10,442.41, NASDAQ was off 20.71 points to end the session at 2,289.09, while the S&P 500 shed 4.31 points to close at 1,113.20. The sucker’s rally was a stark reminder of the heavy volatility in the markets of late.
Highlighting the massive volatility on the day, Dow component Caterpillar (CAT), which closed on Friday at $65.85 and opened today at $67.56 and then hit a high of $68.35 intraday, only managed a $0.22 gain on the day, to close at $66.07.
Apple (AAPL) opened at $277.75, from last Friday’s close of $274.07, hit a high of $279.01, but ended up losing $3.90, to close at $270.17.
From a technical analysis perspective, the reversal was not at all suprising. Stocks hit a near-term bottom on June 8 and have been on an upward move since then. However, in the past few sessions, the rally was losing steam, with stocks only making half-hearted moves to the upside and the charts were foretelling that it was time to take a breather.
Google’s Stock Falling As Markets Rally
Jun 21, 2010 Stock to watch Comments Off
Google (GOOG) is down today and falling, even as the broader stock market is rallying, with all the major stock indices posting very strong gains.
At 10:38, Google is down $5.22 to $494.81. There is no news out on the company. that’s impacting the stock and this might be more of a technical trading issue, with Google shares facing resistance at the $500 area, which the stock has had a time clearing in the prior four sessions.
Today’s Rally Seems To Be For Real
Jun 10, 2010 Stock Market Comments Off
The very strong market rally today seems to be holding, although we are still a couple minutes away from the witching hour (3PM). In the past couple months, we’ve had quite a few days in which the market was up throughout the day, but once we hit 3PM, the selling kicked in and we lost all the gains.
At 2:59, the Dow Jones Industrial Average is up 229.29 points or 2.32% to 10,128.54, which is very close to the day’s high of 10,150.76. Twenty-nine out of the thirty stocks in the index are up, with IBM (IBM) leading the way with a $3.63 gain to $127.53, while Cisco (CSCO) is the laggard, down $0.10 to $22.68.
Profiting From The Wild Market Volatility
Jun 2, 2010 Options Comments Off
With the stock market currently undergoing an extreme case of volatility, individual investors are no doubt very nervous and debating whether they should be in the markets at all. If you are a trader, the answer is yes you should be in the markets. For a trader, these are the best of times.
Yesterday, with the pre-market indicators suggesting that the Dow Jones Industrial Average would open lower by more than a hundred points, we sent out trades for the day to subscribers of our Options Capitalist service.
Being that we were going to be seeing major moves to the downside in individual stocks, we sent out three trades instead of our usual one, in case one opened outside of our entry range. The trades consisted of two puts and one call and with stocks looking to open much lower, we knew the puts would open much higher and we did not want to be shut out for the day. By sending out three trades we were hoping that at least one would pan out. As it turns out, we were able to get into all three.
The trades were the Freeport McMoRan (FCX) June 65 puts, which we got into at $1.70, the First Solar (FSLR) June 100 puts, which we bought at $2.25 and the Randgold (GOLD) June 90 calls, which we entered into at $2.95.
We were looking for a much lower close from where we entered, but at 2:50 PM, we sent out an exit alert to close out all the trades. Not all our subscribers use auto trading and we were worried that if we sent out the exit alert after 3 PM, some of our subscribers might miss the email before the market close.
We closed out the FCX puts at $1.87, the First Solar puts at $2.74 and the Randgold calls at $3.43, which gave us decent gains of 10-20% in the trades. Not bad for one day, thanks to volatility. Of course, just as soon as we exited, the markets fell off a cliff and had we been able to hold on, we would have had over 25% gains in the put trades. But we did want to be out to avoid an up day today and as it stands, in the early going, FCX and FSLR are up.
While the volatile moves are scary, traders willing to brave it, can make very good money.
Buy Stocks Today For Quick Intraday Profits
May 26, 2010 Options, Stock Market Comments Off
Stock futures are indicating a higher opening, following yesterday’s dramatic action that saw the Dow Jones Industrials go from an open of 10,061.43, fall to a low of 9,774.48, but then close at 10,043.75, for a loss of just 22.82 points.
Today could present some opportunity for some quick intra-day profits on the long side for traders. We are recommending trades for today to subscribers of our services, telling them to buy a few minutes after the open if stocks open strong as suggested pre-market action. We also recommend taking very quick profits as the stock market has taken on a bipolar personality of late. We could open to the upside, but still see some major selling as the day progresses.
Option traders have a chance for even bigger profit opportunities. We should see big moves in select stocks that could mean 20% or more profits in the front month call options of those stocks.
