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Thursday, October 27, 2011
Take Some Profits
Subscribe in a reader Bookmark this on Delicious Prudent to take some profits if you caught this rally. Look to reduce risk at at 1275 and 1300. ITZ noted a week ago that the $SPX was set to rally LINK
Monday, October 24, 2011
Is This Rally For Real?
Subscribe in a reader Bookmark this on Delicious Katie Stockton, MKM Partners, compares the S&P 500's movements this year to the 2007/2008 period.
Sunday, October 23, 2011
Oil Heading Lower?
Subscribe in a reader Bookmark this on Delicious WTI Oil still remains under the crucial $90 resistance level. The market has a particularly “range bound” feel to it, and with the failure on Friday to break out shows that this market will more than likely continue to bounce around in the recent range between $90 – $78.
Wednesday, October 19, 2011
Year End Rally Coming?
Subscribe in a reader Bookmark this on Delicious Are we set for a year-end rally?
Could be, ITZ posted this a few weeks ago LINK
Tuesday, October 18, 2011
Apple Misses Earnings---Opportunity To BUY!
Subscribe in a reader Bookmark this on Delicious ITZ suggested entering Apple several days ago on Twitter post, and recently noted that it was trading on the upper end of a channel. LINK
Apple missed with its fourth-quarter results, a rare feat for the iPhone and iPad maker, which usually topples forecasts.
Apple earnings excluding items rose to $7.05 a share in its fiscal fourth quarter from $4.64 per share a year earlier.
Net income rose to $6.62 billion from $4.31 billion.
Revenue jumped 39 percent to $28.3 billion from $20.3 billion in the 2010 third quarter.
Analysts had expected the technology giant to earn $7.39 per share on revenue on $29.69 billion. It was the first miss for the company since 2004.
The company sold 17.07 million iPhones during the quarter; That was a 21 percent increase from a year earlier but Wall Street had expected something in the 18 million to 20 million range, given that 20.3 million were sold in the third quarter.
The company did, however, deliver a better-than-expected outlook for the fiscal first quarter, which starts in October. Apple said it expects earnings of $9.30 a share for the first quarter; analysts had expected $9.01 a share, according to Thomson Reuters.
I was listening to CNBC and this analyst stated Apple is a 'Bubble' Stock....WHAT?!
I'm sorry but since when is the stock price the only metric one looks at to base a call that the stock is overvalued or in a bubble???
Bottomline, if you sold any calls against your positions, buy back those calls and those who bought puts, suggest selling them. ITZ suggests adding to or entering a position on AAPL and continues to see this an an opportunity. ITZ noted on Twitter back on October 4th, that Apple should be worth $700 in 18 months. Twitter post
Proshares SCO Update
Subscribe in a reader Bookmark this on Delicious Proshares UltraShort Crude Oil (SCO) entered at $52.75 just hit STOP of $51 ...ITZ has exited with a 3.3% $1.25 loss. ITZ entered on CFTC Commodity Futures Trading Commission plans to roll out long-delayed final rules that set new limits on speculative energy trading. We're seeing a nearterm rally in the euro which is sending oil higher. Longer term ITZ sees a stronger dollar versus euro & Canadian dollar. Again may suggest re-entering this trade. Note keep an eye on the $GOLD:$WTIC ratio support around 19:1
Monday, October 17, 2011
Proshares SCO Update
Subscribe in a reader Bookmark this on Delicious Entered Proshares Ultra Short Crude Oil SCO on the open, entry point $52.75. Lets set STOP @ $51
Past ITZ Posts
Back Into SCO
Subscribe in a reader Bookmark this on Delicious Lets re-enter Proshares Ultra Short Crude Oil (SCO) on the open this morning. CHART
Friday, October 14, 2011
ITZ Stopped from SCO
Subscribe in a reader Bookmark this on Delicious Oil rallying prehours ITZ was stopped out of Proshares UltraShort Crude Oil (SCO) $52.40 entered @ $54.25 for a 3.4% loss. Sitting on sidelines, looking to possibly re-enter this trade, follow Twitter for updates.
Past ITZ Posts
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