The markets opened and traded higher with news on ECB extending on CDS (Credit Default Swaps) in Greece, the S&P , The Dow and NASDAQ all floated higher on light volume with the UUP (US ProShares) taking a big hit today down as much as .68. As mentioned before the dollar drops and the markets inflate , we believe that with the pull back in dollar, Farm non payroll numbers tomorrow could see the markets trade higher to regain losses going into the weekend for a pump by the mainstream media. With the dollar weakness we saw Gold , Silver catch a bid as well with stocks like AAPL , JPM, MA, PCLN. Most ETF SPY,QQQ,SLV and GLD were also stronger. With all talks on Greece and a market with low volume , I expect a pull back March 12-13 before Option expiration week. Be patient and watch for opportunity and keep eye on SPY 138.20 and 137.20 level. Also watch AAPL and JPM for overall market strength.
OPTION SET UPS
XOM (Exxon Mobile) 84.83 this stock is a big part of the major oil sector with the UUP getting hit hard, usually the markets inflate yet this stock still dropped below its 50 Day Moving Average 85.47 and closed 84.83 , this stock looks like it may drop and test the 200 Day Moving Average 78.96 Puts strike 82.50 or 80 for April maybe a great opportunity
http://stockcharts.com/h-sc/
SUGO .0006 Alert today hits .0018 over 200% this stock took time but paid off handsomely we expect a big run here as the chart setup is primed for a run next resistance is .0021 on chart, this stock traded .01 range last year could be getting ready to get back to .01 sooner than expected.
http://stockcharts.com/h-sc/
NXOI (Next1Interactive) .0022 this stock in a nice reversal Chart pattern, with a low share structure and close to breaching the 50 day moving average .0024 close would be extremely bullish , rumors of pending news from last news Feb 21 Satelite deal could be any day , target .005-.01 quite possible
http://stockcharts.com/h-sc/
No comments:
Post a Comment