Markets Rebounded Thursday & Friday
Markets climbed back after the apparent "fake news" report that former FBI Director Comey had drafted a memo that President Trump asked him to drop the Flynn investigation. At 2 p.m. Thursday the markets popped on news that Comey had testified under oath that no one - to include President Trump - had asked him to stop any investigations! http://www.breitbart.com/big-government/2017/05/17/comey-under-oath-have-not-experienced-any-requests-to-stop-fbi-investigations/ It must b
Trump – Fake News – Jeremy Siegel
& DOW Falls Over 370 Points!
The DOW dropped 372.82 points today shedding 1.78%. We were stopped out of our alerts on IWM and SPY. Were we down on fake news? I don’t know! What has transpired is Trump fired Comey. Then we hear that Comey kept notes of private meetings between he and Trump. But to my knowledge that was a leak from someone who know someone in the FBI that was friends with someone that knows Comey very well. I know when I hear a rumor and I do not know the source and I have not heard fr
Low Volume - Tight Range - Optik up 16%
We had two alerts this past week. Depending on how they were executed we had subscribers that did not get in on the alerts and others that did and held on for better returns than we sought. We entered JPM (some missed entry) at $1.35 looking for a 25% return but exited early at $1.61 for 19% - it did hit $1.69. We also entered the SPY May 19, 2017 - $240 CALLS at .89 cents again looking for a 25% return. We exited at $1 for 12% return. We were whipsawed on KO hitting the
NASDAQ & S&P Hit New Highs – VIX at Records Lows
The VIX dropped to a low of 9.67 intraday. The Chicago Board Option Exchange Index’s, aka the Fear Gauge, was on target for its lowest closing level in 24 years. Prior to today it has gone as low as 9.70 on Dec. 27, 199. The record low for the VIX is December 1993, when it reached 9.31. By comparison, the VIX’s historical average is 20. The NASDAQ and S&P 500 hit new all-time intraday and closing highs. Markets were in a tight trading range today and we never saw a clear oppo
Macron Wins French Election – Optik Returns 50%
It appears that Macron has won the French election. This is good news for global markets as it takes away the fear that France will leave the EU. This past week we issued two alerts that resulted in 25% returns each for a great week – up 50%. The bull market is still with us. A record number of IPOs are on the menu for later this year, the volume of listings is reaching levels not seen since 2014. One is Switch Ltd., an operator of data-storage facilities that recently hire
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