Monday, September 10, 2012
Weekly Commentary from OEX Options
For those that held our call overnight, they got rich. For the rest of it it was a jump up that brought the market right back.
We have now made $11,000 in three months on a $30,000 investment in RAX, and LNKD has hugely performed. All of our blue chippers are coming back.
A reader asked me today if I traded, which I did not. I answered:
"I already owned a large qty of calls. Than RAX went up massively and I was busy selling at 50% profits and 150% on the call. Then who knew on the put.
Note my count shows no strength. I am only playing large blocks,like the call I've shaved profits off.
Often when I recommend numerically I clarify -unclear bias, or no clear bias and we just talked about something is going to take this market off, one way or the other.
This is the 'at the edge I've just been writing of.'"
The market could now move to 13,347 and 13,540 or begin retreat.
We were 4 for 5 this week. Good Trading
Thursday, November 11, 2010
The Floydian View:
The stock market: Cause and effect = supply and demand.
• Not all that has happened in the markets is at it appears, or better, may not be real.
• Our overextended upswing built on three reasons:
1. Enthusiasm about creating 500 billion of more debt, even though Americans are appalled at the debt he has created, or assumed from the GOP last time.
2. Good earnings from the conglomerates who have fired so many people and outsourced even their companies (Halliburton main office now in Dubai)
3. Need for good. The world cannot accept the fact that it has phucked itself in a pile of fake money, first created by the U.S.A.
• We are at a short-term cycle high and our new Dow projections limit downside to two key areas, both telling if the market will hold.
Charles Nenner Research projects flags and concerns to an upward swing, and not just market highs, if:
• The Dow does not close below 11,100.
• The S&P does not make a close below 1178, or the NASDAQ below 220
Nenner sees closes below these levels as a time to take profits, but NOT a time to go short, just to sell profits.
All of our moves on Gold, Silver and Precious Metals have hit:
-We sold GLF for profits at 1110 thru 1140 and rebought at 12.10. We’ll hold until we see hesitancy around 1344, and would lock any Jan or December Gold calls, or hold on the position.
Silver could easily hit $30.00 before a slight correction.
The new best investment ETF we’ve seen, and recommended, is Glitter or (GLTR) that invests in Gold, Silver, Platinum and Palladium proportionately.
We would sell out Pan American Silver (PAAS) and SLV on dips, and reinvest in GLTR or Canadian Exchange Fund (CEF), both still undervalued.
We are long term bullish on all the precious metals, and long term BEARS on the EURO and USD.
Famed commodities trader Jim Rogers said: “I don’t know if Bernanke really understands economics”.
The GOP will work to take credit for:
-The highest market we’ve seen since the Lehman crisis.
-Improved GDP
-TARP and all bail outs a success from the creation of a massive depression
-The freezing of all bipartisan adult behavior over the past two years to create only a “one term President”.
-Sarah Palin could actually be President in 2012, you betha! And no one will blink an eye.
For the short term crude may have hit its’ high. We know we’re up substantially in Exxon Mobil, Chevron and Conoco Phillips.
Some traders in Advanced Mentoring also played XOM as a January call, and returned 26% over night.
We are still long on XOM of all the oil companies for their dividend, breadth of type of energy discovery.
If you are holders in 30-year long- term treasuries, such as TLT, we think the top has been reached and we would sell. We are profitable with our Treasury Inflation Bonds TIPS, and hold Zweig Total Return (ZTR) for 50% treasury exposure. That’s enough of the fake money for now.
Friend, subscriber, and fellow trader Alan Austin was talking with me a week ago and we discussed many of the stocks and options that have been recommended this past week.
All are volatile and exciting plays, and we’re already in movement. With each we recommend due diligence review and analysis to be done by each of you, to understand the type of holdings we are now playing
• Emerging Markets:
PXR up 14%
FXI up 112%
• Stock Takeovers or Stocks Overextended
DLIA-ripe for a takeover, long on this stock
LULU-ripe for a crash, we are short on this in options and down 56%. We may move our option out a few months if upside continues
• Rare Earth Elements- a huge and volatile surgery
-REE as January 10 Call-down 7.77% accumulate
-SHZ-our most volatile play, up and down sometimes 50% in a day. We are aggressive in our holdings, and are up 7.26%
-NENE-Truly technology more than anything else, new CEO, and ripe: up 6.14
We are also long WMT as a stock and as an option, and long RIMM with a March call.
If either falters, buy additional inventory.
Lastly our foray into legal drugs in SNY is up 2.46%.
That marijuana tax bills would not pass in California is indicative of just how powerful the drug cartels are in influencing the lobbyists to control a bill that would have brought billions to California…. and trust me, old Nancy Reagan and her bullshit line “just say no to drugs” hasn’t worked one iota.
So a great lesson in false facts:
1. One would assume that Proposition 19 was defeated because the State of California (the people) did not believe that legalizing marijuana would be good for its people.
2. One would assume there were “things wrong with the bill”
3. One would assume this is what the voters WANTED.
The fact: The vote was swung by the drug cartels of Mexico and Latin America that dug deep to make sure no lobbyist, no key congressman would support this….as it would hurt their trade. It has nothing to do with what the people wanted. My God, more than half of the people in California smoke marijuana ☺
This is much like why did the GOP win? Because of disgust with Obama and what he has done? Because of fear of deficit?
And the winner is: FEAR OF LOSING POWER.
And how did they win: INSTILLING False Facts and FEAR
Supply and Demand=cause and effect
Cause and effect = supply and demand.
Remember: The stock market is a game of Zen chess. There are no real facts and you are playing in the sandlot against others, and some are bullies.
Be Well, Do Good, Show Compassion
• Not all that has happened in the markets is at it appears, or better, may not be real.
• Our overextended upswing built on three reasons:
1. Enthusiasm about creating 500 billion of more debt, even though Americans are appalled at the debt he has created, or assumed from the GOP last time.
2. Good earnings from the conglomerates who have fired so many people and outsourced even their companies (Halliburton main office now in Dubai)
3. Need for good. The world cannot accept the fact that it has phucked itself in a pile of fake money, first created by the U.S.A.
• We are at a short-term cycle high and our new Dow projections limit downside to two key areas, both telling if the market will hold.
Charles Nenner Research projects flags and concerns to an upward swing, and not just market highs, if:
• The Dow does not close below 11,100.
• The S&P does not make a close below 1178, or the NASDAQ below 220
Nenner sees closes below these levels as a time to take profits, but NOT a time to go short, just to sell profits.
All of our moves on Gold, Silver and Precious Metals have hit:
-We sold GLF for profits at 1110 thru 1140 and rebought at 12.10. We’ll hold until we see hesitancy around 1344, and would lock any Jan or December Gold calls, or hold on the position.
Silver could easily hit $30.00 before a slight correction.
The new best investment ETF we’ve seen, and recommended, is Glitter or (GLTR) that invests in Gold, Silver, Platinum and Palladium proportionately.
We would sell out Pan American Silver (PAAS) and SLV on dips, and reinvest in GLTR or Canadian Exchange Fund (CEF), both still undervalued.
We are long term bullish on all the precious metals, and long term BEARS on the EURO and USD.
Famed commodities trader Jim Rogers said: “I don’t know if Bernanke really understands economics”.
The GOP will work to take credit for:
-The highest market we’ve seen since the Lehman crisis.
-Improved GDP
-TARP and all bail outs a success from the creation of a massive depression
-The freezing of all bipartisan adult behavior over the past two years to create only a “one term President”.
-Sarah Palin could actually be President in 2012, you betha! And no one will blink an eye.
For the short term crude may have hit its’ high. We know we’re up substantially in Exxon Mobil, Chevron and Conoco Phillips.
Some traders in Advanced Mentoring also played XOM as a January call, and returned 26% over night.
We are still long on XOM of all the oil companies for their dividend, breadth of type of energy discovery.
If you are holders in 30-year long- term treasuries, such as TLT, we think the top has been reached and we would sell. We are profitable with our Treasury Inflation Bonds TIPS, and hold Zweig Total Return (ZTR) for 50% treasury exposure. That’s enough of the fake money for now.
Friend, subscriber, and fellow trader Alan Austin was talking with me a week ago and we discussed many of the stocks and options that have been recommended this past week.
All are volatile and exciting plays, and we’re already in movement. With each we recommend due diligence review and analysis to be done by each of you, to understand the type of holdings we are now playing
• Emerging Markets:
PXR up 14%
FXI up 112%
• Stock Takeovers or Stocks Overextended
DLIA-ripe for a takeover, long on this stock
LULU-ripe for a crash, we are short on this in options and down 56%. We may move our option out a few months if upside continues
• Rare Earth Elements- a huge and volatile surgery
-REE as January 10 Call-down 7.77% accumulate
-SHZ-our most volatile play, up and down sometimes 50% in a day. We are aggressive in our holdings, and are up 7.26%
-NENE-Truly technology more than anything else, new CEO, and ripe: up 6.14
We are also long WMT as a stock and as an option, and long RIMM with a March call.
If either falters, buy additional inventory.
Lastly our foray into legal drugs in SNY is up 2.46%.
That marijuana tax bills would not pass in California is indicative of just how powerful the drug cartels are in influencing the lobbyists to control a bill that would have brought billions to California…. and trust me, old Nancy Reagan and her bullshit line “just say no to drugs” hasn’t worked one iota.
So a great lesson in false facts:
1. One would assume that Proposition 19 was defeated because the State of California (the people) did not believe that legalizing marijuana would be good for its people.
2. One would assume there were “things wrong with the bill”
3. One would assume this is what the voters WANTED.
The fact: The vote was swung by the drug cartels of Mexico and Latin America that dug deep to make sure no lobbyist, no key congressman would support this….as it would hurt their trade. It has nothing to do with what the people wanted. My God, more than half of the people in California smoke marijuana ☺
This is much like why did the GOP win? Because of disgust with Obama and what he has done? Because of fear of deficit?
And the winner is: FEAR OF LOSING POWER.
And how did they win: INSTILLING False Facts and FEAR
Supply and Demand=cause and effect
Cause and effect = supply and demand.
Remember: The stock market is a game of Zen chess. There are no real facts and you are playing in the sandlot against others, and some are bullies.
Be Well, Do Good, Show Compassion
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