Amazon (AMZN) , Alphabet (GOOGL) , Microsoft (MSFT) and Intel (INTC). All four will report tonight and they make up 20% of the Nasdaq by weight (and AAPL, who are the rest of the Nasdaq that counts, reports on 11/2) so it's do or die for the index that's up 25% since the election but that's still only HALF of the move the FANG stocks have made (Facebook (FB), Apple (AAPL), Netflix (NFLX) and GOOGL) , who are up 50% as a group since last November . It's truly a market gong wild and we made some lovely profits on our shorts yesterday, nailing the move oil, as we had said to you in the morning Report : Meanwhile, in our quest to join the Top 1%, we shorted Oil ( /CL ) Futures again at $52.50 and the EIA Inventory Report is at 10:30, so that will be fun. We have Gasoline ( /RB ) shorts to at about $1.72 avg but they spiked to $1.738 overnight – so a rough ride. Oil fell to $52 and that was good for gains of $500 per contract while Gasoline hit the $1.70 mark, which was good for gains of $840 per contract and then it bounced right back to $1.735 – so we shorted it again in our Live Trading Webinar but this time, we went with next month's /RBZ7 contract at $1.686 for our Webinar Trade (and you can see our volume spike on the chart!). This morning, in our Live Member Chat Room, we used our 5% Rule to set goals for a pullback at $1.63, which would be a better than $2,000 per contract gain. While we usually don't share trade ideas with cheapskate readers during earnings week, the following trade is such a gift I simply have to tell you about it. Barrick Gold (ABX) is our favorite gold company and we have them in all of our portfolios but, as an earnings play, I sent out a Top Trade Alert to our Members yesterday afternoon with a trade we discussed in our Live Trading Webinar: ABX – In the Webinar we decided …
Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT) and Intel (INTC).
All four will report tonight and they make up 20% of the Nasdaq by weight (and AAPL, who are the rest of the Nasdaq that counts, reports on 11/2) so it's do or die for the index that's up 25% since the election but that's still only HALF of the move the FANG stocks have made (Facebook (FB), Apple (AAPL), Netflix (NFLX) and GOOGL), who are up 50% as a group since last November.
It's truly a market gong wild and we made some lovely profits on our shorts yesterday, nailing the move oil, as we had said to you in the morning Report:
Meanwhile, in our quest to join the Top 1%, we shorted Oil (/CL) Futures again at $52.50 and the EIA Inventory Report is at 10:30, so that will be fun. We have Gasoline (/RB) shorts to at about $1.72 avg but they spiked to $1.738 overnight – so a rough ride.
Oil fell to $52 and that was good for gains of $500 per contract while Gasoline hit the $1.70 mark, which was good for gains of $840 per contract and then it bounced right back to $1.735 – so we shorted it again in our Live Trading Webinar but this time, we went with next month's /RBZ7 contract at $1.686 for our Webinar Trade (and you can see our volume spike on the chart!). This morning, in our Live Member Chat Room, we used our 5% Rule to set goals for a pullback at $1.63, which would be a better than $2,000 per contract gain.
While we usually don't share trade ideas with cheapskate readers during earnings week, the following trade is such a gift I simply have to tell you about it. Barrick Gold (ABX) is our favorite gold company and we have them in all of our portfolios but, as an earnings play, I sent out a Top Trade Alert to our Members yesterday afternoon with a trade we discussed in our Live Trading Webinar:
ABX – In the Webinar we decided
…
