Market Thoughts

Market is in LALA land right now. It doesn't know where it wants to go but I think we can still move higher with earnings season here. Don't worry as I think this will be last stand for the bulls and then we will fall. I would love to see the Nasdaq march towards 2500 area, that would be a no brainer to short. We will see how they want to push us next week as we have options expirations.

TRADE CALL: Citibank PUTS, Sept

Yes it is 11:18 PM and I am doing a trade call. I think something is brewing at Citibank and I think the stock goes lower. I am going to buy these tomorrow morning.
Think here the $25 September puts might be nice to play here. I wont risk alot since I expect to hold these long. Good shot Citibank goes back to $19 and maybe $17 area before September, If and If so those options should be a almost a 300% gainer "IF" I am right.
We will see soon enough.

FOLKS -ONLY WINNERS HERE!!!!!!

SOV short from first week of March @$12.30 now $8.72. That's almost 50% profit here folks.
FNM Short last week at $30.80 now $26.53.
SKF up- As you should all be in anywhere near 100. Now $109. think we can get another $30 again on this.

MELI Options already +28% in like 2 hours.

Listen we only pick winners because I only call high probability trades for you all to grow your funds and show you how to trade. These trades were talked about many times on the blog and everyone should have profited.

This week has been rough. Volume is extremely light and I hope we will get some direction very soon. Just keep the power dry because you will get the big winners here.

TRADE CALL: MELI CALLS $45

Risk is all - I am holding yahoo and Meli calls till next week based on all the hype of microsoft buying yahoo.

MELI $45 CALLS here @2.50

Risk is ALL

Not bad

Market is not trading bad here- I am still sticking m head out there saying we should trade higher into earnings but who knows. The resistance target numbers above are still the same ones I mentioned earlier this week. We will see soon enough