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  1. MIDWEEK OUTLOOK • April 29, 2009

    Swine flu worries reached Wall Street, but bulls recovered quickly.  They also easily digested negative economic news and more bank capital needs.  Bernanke and crew held their ZIRP (zero interest rate policy).  Bonds are falling through support, as money moves into equities. Sellers are certainly on their heels, but that doesn’t mean they can’t return [...]

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  2. Support Holds, As Buyers Retake The Edge — Can They Keep Their Advantage? • April 26, 2009

    This past week, the market regained its footing, after an early slip, and continued its rally.  On Friday, Tech earnings helped lift our call on the Quad-Qs to a new high (see open positions review) and triggered our protective put reco on the S&P 500.  The dollar turned down and precious metals turned up.  We [...]

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  3. MIDWEEK OUTLOOK • April 22, 2009

    Stocks opened the week sharply lower.  The market’s snapback from Monday’s drop was not enough to trigger our recommended SPY May $85 put for $225 or less.  Today’s intraday low was $238 and the option closed at $340.  Congratulations to those who bought at the market and profited.  If you pay more than my recommended [...]

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  4. This Market Is Quite A PPIP… • April 19, 2009

    …it likes to move its own way.  Please forgive my fun with mid-20th century American slang.  Not only is the market a pip; we’re faced with PPIP (the Public-Private Investment Program), another big bailout. It makes you want to go long: paper, ink, torches, and pitchforks. In the news, a giant mall owner sought bankruptcy [...]

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  5. MIDWEEK OUTLOOK • April 15, 2009

    It’s tax deadline day, at least for those outside the Administration.  Stocks have been holding up, but do we detect a susurrus of selling?  We shall see if the murmur picks up volume over the days and weeks ahead, as I am expecting underlying support from the strong spring rally to be tested.  Today’s session [...]

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  6. Superleverage On Display — This Week, An Entry and Exit Q&A • April 12, 2009

    It’s a very interesting market.  Will the gloom and doom crowd or the Pollyannas be put on their heels?  Or will they both experience stress tests?  Trade continues to collapse, commercial real estate is in a hole, the ranks on the dole continue to rise, earnings (what earnings?), volume remains questionable, and on and on…yet [...]

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  7. MIDWEEK OUTLOOK • April 8, 2009

    SUBSCRIBER NOTE: All of us at Options Hotline wish you and yours very happy Passover, Good Friday, and Easter holidays. Earnings and baseball seasons are underway and it’s getting down to crunch time for the stock market.  Every day, buyers and sellers struggle for control.  The S&P 500 (825.16) is between important support (785.50-800) and resistance [...]

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  8. Bulls Everywhere — The Spring Rally Reaches Resistance • April 5, 2009

    “There were bulls everywhere.” – Barry Golden, Deputy US Marshal, commenting on federal agents’ seizure of Madoff’s luxury Palm Beach home “AIG was a Ponzi scheme plain and simple, yet the Obama Administration still thinks of AIG as a real company that simply took excessive risks. No, to us what the fraud Bernard Madoff is to [...]

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  9. MIDWEEK OUTLOOK • April 1, 2009

    As a strong March rally came to an end, this week began with stocks sliding on automaker and banking bailout blues.  Tuesday saw an end-of-quarter bounce, but sellers stepped in to dampen the mood.  Today, after opening lower, stocks found some serious midweek mojo.  Stocks settled looking higher, to challenge overhead areas of resistance.  As [...]

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