Our thoughts and prayers go out to all effected by the incident in NYC today by the terrorist incident. This incident appears to have been the catalyst for the sudden yet brief drop in the markets and for momentary drop that caused the BAC alert to hit the stop loss. We still think that the BAC position for those still in the trade will be profitable. It did hit a high of .95 cents today. Bank of America should do well with upcoming expectations of a December rate hike by t
Thursday night earnings were released by numerous companies. Those numbers boosted the markets and the futures before the open Friday. Some of the companies included big names like Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT) and others. Then, Friday morning before the open the GDP was reported at 3.0% and that was the icing on the cake boosting markets to record highs Friday. Amazon reported 52 cents a share, blowing out Thomson Reuters estimate of 3 cents and adding
In a very interesting article, today in the Wall Street Journal (WSJ), it is suggested that the coveted Morningstar ratings, relied upon by thousands of money managers, investment companies and individuals may not be performing as anticipated. There's about $16 trillion invested in mutual funds, by thousands of professionals and novices around the globe. Those people have relied upon the number of stars awarded to a mutual fund by Morningstar to guide them with the investmen
Most people lost money today! If you are working with Optik Options you had a 11% plus gain today on the SPY ETF alert. Tomorrow earnings are on deck for big players such as Alphabet (GOOGL), Amazon, Microsoft and many others. Lets wee what happens with that and also GDP release Friday morning. Stocks pulled back today on what the talking heads stated were concerns of interest rate hikes. Congratulations to those who added 11% plus to their portfolios today.
This is the biggest week for the reporting of corporate earnings and Friday we will have a potentially market moving GDP release at 8:30 EST. Over 800 companies are expected to report this week, including a bunch of prominent large cap companies. Markets experienced a slight dip yesterday and we issued an alert on the SPY ETF. The GDP report on Friday is a key economic indicator.
We issued an alert yesterday to buy the SPY ETF and it paid off with at least a 48% return and some subscribers reporting over 70% in one day! Congratulations! We are at about 700% YTD and still think we may break through 1,000%. The Dow has been on an incredible run and sliced through 23,000 this week. These highs often create a psychological challenge for traders concerned that a correction must be around the corner. The S&P 500 and NASDAQ followed suit with new highs a
In years that end in the number seven, such as 2017, markets have experienced a correction of some level. In fact, the average decline, going back for 130 years, has been about 13%. But 2017 looks to be the year to end this streak. Since 1887, even before the DOW, markets have suffered downturns between August and November. We are in mid October so there is still time and if it were to occur we think that it would be drastic. The most significant drop was in 1987, 30 years
We are entering the third quarter earnings season. Markets keep grinding higher. The CBOE Volatility Index is dragging at all time lows. Geopolitical issues keep simmering but the markets seem somewhat desensitized with little reaction even on Friday when Trump was making remarks concerning Iran. Banks started reporting this week and next week the earnings reports pick up with a slew of S&P 500 components reporting. One of the more important data metrics tracked each week is
It is like driving down Highway 101 in California along the Pacific Ocean. Every time you round a curve and are astonished by the beauty of it all you think – that’s it, it can’t get better. But sure enough, you round another turn, and another, and another and it is magnificent. That’s what seems to be happening in this incredible bull run. We think – “that’s it, has to be a pullback” – and zip, nada. It goes up. Right now there are several factors pushing the market up. Fi
Computers keep getting cheaper to the point in 2-5 years many people will be able to afford a supercomputer with multiple ultra high-speed connections to the internet. Coupled with this artificial intelligence (AI) continues to improve and is also becoming more affordable. What’s all that mean? As robotics improve many companies will want to replace costly personnel with robots. The companies that don't may get put out of business. To some it sounds like science fiction