Thursday, July 8, 2010

The World Was Good though Gold Rose?? Maybe Not

The world is now good, everything is better, and Lindsey Lohan is going to jail for 90 days......and the market soared over 274 points to hit a theoretical Dow top of 10060.
Most importantly, the market held above 10,000, a hard psychological number. Let's hope it holds upside in today's trading.

No new trades yesterday were possible without paying above prior day close. But let's look closely again at our 95% potential profits on 7/6 and the following on the call yesterday

OEX JUL 17 2010 460.00 CALL
Last [Tick] 23.45[+]

This is how high the signal reached. We bought this option as low as $10.00 yesterday, and gave our top sells at 17.90. We're sure this morning no one believed us, but the triggers have been showing. Most of you bought this call Tuesday and were ready to make second buys. There was no need and your profits could have been as high as 74% with ease, and returns to 134% reported by many subscribers.

We have simply kicked ass and taken names the past two days. We open the day with no new position, and will not have one. We have had two days of exceptional profits, and it's time to rest, and to let the market decide what it just did.

Gold rose. An indicator that makes no sense.

Let's just "sit on our hands" and watch this day unfold. If it "seems clear" we'll issue an intraday alert, but only if we see safe patterns.

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