Out With the Old… (DIA,XRT,PIR,FIT,SLV,XBI,XLE,GS,UIS,SIRI,RSX,QQQ)

Out With the Old… (DIA,XRT,PIR,FIT,SLV,XBI,XLE,GS,UIS,SIRI,RSX,QQQ)   The local authorities in my city have just notified me that my newborn son’s name is  not acceptable to them, and that I’m going to have to change it.   If ever there were a case of government overreach, this is it.   They’ve informed me that in order to keep the moniker that I’ve longed to give him, I’ll have to go to the courthouse on my own time and at my own expense to have the child’s name officially registered before a judge.   If, of course, the judge agrees. In this day and I age, there’s no shortage of asininity in the world.  I can be…

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Running Numbers (XLK,IYH,GS,FCX,FAS,C,TLT,HYG,AXP,V,RSX)

We’ve got so many trades come due, there’s little time for anything else!   Let’s get right to it.   First, we’ll take a look at a trade we launched over a year ago, on the 12th of November, 2015, in a letter called The Sachs of a McMorAno.   There, we urged you to dump the commodities and move hard and bullish on the financials, using two stock bigshots to play the trade, Freeport McMoRan (NYSE:FCX) and Goldman Sachs (NYSE:GS).   The trade recommended you purchase the January 2017 FCX 10 PUT for $3.00 and sell the GS January 2017 GS 150 PUT for $4.95.  Total credit on the trade was a fat $1.95….

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Goose Feast! (RSX,SWHC,GDX)

Many will consider it a banal observation, but we believe it otherwise.   The phenomenon of new money – brand new money – entering the stock market after years on the sidelines, is of monumental significance and is going to accomplish several important things.   But before we outline them, take a look at exactly what we’re talking about.   Here’s an amalgam of two charts, the Dow Industrials and Transports, that includes volume figures for the last two years’ trade. The chart makes it clear that something extraordinary has taken place.  To wit, a buying spree that outright dwarfs the trade of the last 24 months – indeed, in terms of sustained day-over-day volume,…

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Go Suck on a Fish! (TYL,FXI,TSLA,QQQ,EPI,KSS,FAS,TD,IYF,RSX)

Oh, my! Is that any way to talk?   Life, as you know, is not a bowl of cherries. You can’t have your entertainment and your fine foods and your night on the town every day – no, sir. There are times when the drudgery of life takes precedence over its more inspiring moments, and suck as it may, there’s simply no getting around it.   We relate the foregoing because today’s letter is going to be a slight departure from the norm, composed as it is of a simple listing of former trades and their results or advice to close or otherwise repair them.   We apologize in advance for the tedium, and we’ll…

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A Month’s Worth of Winnings – Repeat After Me! (TSLA,FXI,XHB,RSX)

An important thing to remember about stock movements, and one that’s been documented in abundant fashion by market technicians, is the propensity of both individual stocks and indexes to perform a ‘test’ of prior lows after falling.   That is, stocks fall to new lows every day, bounce, and more often than not, reverse course a second time to ‘test’ whether that former low was, indeed, a firm bottom.     Smokin’!   Of course, should the security in question pierce below its former low, it’s likely further declines are in store. Should support hold, however, the stock is almost assuredly headed back toward its last retracement high.   Have a look now at a…

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The Russian Bear – In Living Color (RSX)

We’re going to travel east and west in today’s letter to get a better feel for market direction in the coming weeks… and we do hope you’ll join us… Cleared for Take Off!   We start in the thick forests of the western Ukraine, where U.S. paratroopers have openly begun training with Ukrainian forces in their battle with Russian sponsored militias in the east of the country.   It’s a development that has been good for the journalists and analysts, to be sure, but it hasn’t made for good U.S./Russian relations, with the former commie scumbags angrily alleging that America’s preparing for outright combat against them.   America, of course, denies, but there’s little question that a…

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Profiting from Bond Droppings (TLT)

A number of ‘big names’ from the investment world sounded off last week about the bond market and the toll that rising rates would eventually take on equities. None other than Warren Buffett, zillionaire, stated outright that the long bond was a short sale. Bill Gross, once manager of the world’s largest bond fund at PIMCO and now at Janus, predicted that not only was the thirty-five year bull run in bonds coming to an end, but stocks, too, had seen their day. We’ve also been speaking of a bond bear for the better part of the last eighteen months and have been confounded (along with many others) as the long end of the curve…

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Trading Truth for Pravda (USO, RSX)

Had a friend in high school who delighted in conjuring up all sorts of labels for body parts that were as yet unnamed and announcing to the lunchroom in pseudo-scientific fashion his latest ‘findings’. He was a twisted fellow, to be sure, but we were mesmerized by his devotion to the discipline and equally titillated and amused with his diagrams and descriptions of just why things moved or smelled or appeared they way they did, the evolutionary function of each and, at times, in his more prophetic moments, the divine purpose and design behind that particular morsel of human flesh. Thus was born the ‘groove’, the ‘seam’, the ‘mandrake aureolis’ and the ‘braying aperture’. Chicken…

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Santa’s Good to the Elite (XOM)

We set a lot of trades here at Options Trader Elite. Roughly once a week – and sometimes more – we set a trade that’s the envy of the newsletter world, both in terms of its return and its sheer entertainment value. There, there, Rachel… take your Zoloft, my love. As it turns out, we very often set trades with December expiries. Not exactly sure why, but it just happens to work out that way. And so it was with last Friday’s options expiry, that we now have a bevy of initiatives that either closed down, or that we feel it’s now appropriate to take off the table. And so, without further delay, we ask…

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It’s All up to You – and the Trades You Make (RSX, XHB, SOCL)

Know it well, friends – no one can do you damage of any size or scope like you can do to yourself. That’s the first and last word on trading and on life. Looking for a reason why you’re broke or sad or lonely or angry or feel cheated or depressed or otherwise negative about something or someone? We say take a look in the mirror. Because 999 times out of a thousand… If not for your failure to act or your failure to refrain from acting, you wouldn’t be in the mess you’re now in. So why not 1000 times out of a 1000?   The reason we qualify the matter is because there…

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