SUPER STRONG week for us as we nailed winners left and right! Things are starting to really heat up, January was just amazing, I expect to continue the hot streak into February. While I expect the market to 'cool off' some, expecting a bit of backing/filling that should set up for the next move up. Not on board yet? I'm surprised - but here is your chance - CLICK HERE AND JOIN US for a chance at some winning trades. Below are the results from last week.
February 03, 2012
12:07 | Bagger Vance POT ($47.00) Sold to Close POT FEB 45 CALL Feb 45 calls, at $2.44 +22%
12:06 | Bagger Vance ETN ($51.10) Sold to Close ETN FEB 45 CALL Feb 45 calls, at $6.20 +55%
12:05 | Bagger Vance FSLR ($45.75) Sold to Close FSLR FEB 45 CALL Feb 45 calls, at $2.56 +11%
08:04 | Bagger Vance LVS ($51.70) Sold to Close LVS MAR 50 CALL Mar 50 calls, at $3.50 +40%
February 02, 2012
08:51 | Bagger Vance RIG ($48.60) Sold to Close RIG FEB 47.5 CALL Feb 48 calls, at $1.95 +32%
08:47 | Bagger Vance PXD ($105.00) Sold to Close PXD MAR 105 CALL Mar 105 calls, at $4.90 +69%
February 01, 2012
07:45 | Bagger Vance BRCM ($36.65) Sold to Close BRCM FEB 35 CALL Feb 35 calls, at $2.00 +43%
January 30, 2012
08:34 | Bagger Vance RIMM ($17.18) Sold to Close RIMM FEB 13 CALL Feb 13 calls, at $4.25 +52%
Pretty nice reaction to the jobs report (of course, if you are a bull).
But we saw some complacency building - call it confidence. A downward
surprise might have stirred things up a bit, however the market was
ready to take it all in stride. A second straight 200+ job growth
number puts the economy on sound footing. It may not seem like much,
but 3-4% growth is the likely scenario. It'll take some time for that
number to really ramp up and by then maybe the problems in Europe will
have passed. Put/call plunged again as did the VIX - showing a 17 level
for the first time in months. The Nasdaq hit an 11 year high while the
Dow Industrials are at levels not seen in four years. While the market
is overbought we may see some pullback soon - that'll set up the next
buying chance. More big earnings are on the way over the next couple of
weeks and we'll be looking at 'em close. (take a look at my article up on the site with current charts of spx and Nasdaq)
Have a great weekend...Bagger Vance
