| | | Pretty Colors | | | | 
While it's often easy to blame the messenger (aka the lame stream media), sometimes they are just giving the people what they want. The US may have gotten a pass on going to war with Syria thanks to our comrades in Russia, but this took a back seat on Tuesday. It was all about Apple. The company's Cupertino headquarters were packed with a who's who of the tech industry. Plus, people were camping outside of stores just to hear the announcement. No new products for sale, no special sales, just words. And what were those words that we all waited for so intently? Was it revolutionary new technology, groundbreaking speed, increased portability or more features? Nope. The oracle spoke and we learned the iphone will wait, hold your breath… will be offered in colors. OOOOH. Apple also announced the roll out of the iphone5c, a subsidized model starting at $99 and new fingerprint security for the 5s. But this isn't the stuff to start a tech revolution. So what does this mean for the future of AAPLstock. Steve Jobs succeeded in creating a high status brand, but that is a fragile creation that can be easily ruined. Yes, China is a huge market and Apple wants a piece, but their cool factor is already greatly eroded, and selling a cheap iphone isn't going to bode well. Tiffany & Co. could sell the hell out of their brand in Walmart. Can you imagine how that would end? There is a steady stream of assertions that Apple should: come out with a ground breaking product; an Apple TV; a watch; buy Netflix; buy back stock; etc… who knows. The stock is volatile to say the least. If you want to trade the stock, enjoy the ride. If you want to be included in the national conversation, then you better get in line to get a colored phone. | | ---Larry Levin | | |
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In conjunction with TheStreet.com and Bar Chart, Trading Advantage Chief Market Strategist Alan Knuckman provides a daily morning update on the global action in stock futures, gold, oil and interest rates. |
| | | | | | | | | Congratulations to John Gugino
Congratulations to our student of the day John Gugino who made $710 trading crude oil and gold futures on Tuesday. The markets were choppy but John was able to stay disciplined and stake to the methodology. Congratulations to John for making money in a tough market! | | NOTICE: Testimonials are believed to be true based on the representations of the persons providing the testimonials, but facts stated in testimonials have not been independently audited or verified. Nor has there been any attempt to determine whether any testimonials are representative of the experiences of all persons using the methods described herein or to compare the experiences of the persons giving the testimonials after the testimonials were given. The average reader should not necessarily expect the same or similar results. Past performance is not necessarily indicative of future results. No person was compensated for providing a testimonial. |
| | | | | | OPTIONS: Volatility Commentary | ---Michael Shorr | | Back on July 30th shares of major North American potash producers fell sharply on word that a Russian company is pulling out of a marketing group and is expected to undercut competitors' prices for the fertilizer. After the close on last Friday, Russian President Putin went on record saying he wants to resolve the country's bitter potash with Belarus. "This is because we want to resolve the problem and not to drive it into a dead end - which would be very easily done if we kicked up a fuss", said Putin. If he is in fact able to resolve this through his political tact or by forcing the Belarus government to arrest and detain the Belarussian potash producer's President like he did, we can make a very compelling technical case for the entire gap created on the initial bearish news to be filled to the upside. We entered into the MOS Oct 50/52.5 call spread for $0.37. Let's be careful to look beyond the very favorable 5.75:1 reward to risk ratio our spread has. Let's look at expected value, let's say there's a 0.75 chance that nothing happens, that would give us a loss of all the premium (worst case) or an expected value of 0.75*-0.37=-0.27775. If we are right, expected value is 0.25*2.13 (2.50 max value of the spread less premium paid)=0.5325. Total expected value is 0.255. Plus, you could argue that we are being too conservative in assigning only a 0.25 chance of a positive outcome but if we are wrong on that front we only will make more money. | |
| | | | | FOREX: Currency Spotlight | ---Charlie Lewis | | | | The ' risk on-war off ' trade propelled euro centric currencies higher today, supported mostly by rumors surrounding the fate of Syrian arms.Whatever the crosscurrents,we are always focused on statistically based metrics to describe and identify opportunities in the markets,and several were presented today./p> We reviewed and dissected the methodologies and strategies on Tuesday at a webinar offered by Dan O'Brien,who is our Head Instructor. If you would like to learn more about these new strategies, please contact info@tradingadvantage.com | |
| | | STOCKS: Watch List | ---Charles Moon | | | | With the markets jumping higher once again, the major moving averages all closed near the highs. With buyers in control in recent days, we have broken key resistance levels in the SPX. With the 1700.00 range in sight, it can easily reach that level only if they find support at previous resistance. Watch for buyers to maintain control, and look to the 1700.00 range as possible resistance. With a possible Syria resolution on the table, the markets have rallied over market fears easing on the issue. Buyers have jumped in looking for value plays, and have pursued them aggressively. While this maybe the case for the time being, the focus will soon turn to the FOMC meeting next week. Expect the uptrend to continue, with a chance of choppy pullbacks to come into play. Tread cautiously right before the meeting, as the market reaction is expected to be volatile off the announcement. Open Position: FB Stocks to Watch: INTC AAPL GOOG IBM AMZN BIDU LNKD FB TSLA GRPN CTXS CSCO NTAP JBL BAC PRU WFC GS JPM MS NFLX WDC DIS CROX STZ NKE UA LULU CHKP JNPR POT GMCR VZ T HOG MON YUM MCD LOW HD LEN TOL V MA AXP DFS LVS MGM |
| | | | | FUTURES: Technical Data | | | | | ES 1682.00 / 1679.00 POC… 1681.50 YM 15171 / 15137 NQ 3185.50 / 3180.00 | NOTES FROM THE PIT
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| | | | | COMMODITIES: Play of the Day | ---Patrick Assalone | | | | Gold mostly traded sideways Tuesday with the market contained in a large High Volume Area. Based on our educational methodology, we are looking for continued sideways trading until the market breaks out of this range. Therefore we would look for reversal signal opportunities off of the HVA from 1338 to 1357.50. Click here to watch video |
| |  | | is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results. | | | | | IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results. Trading Advantage LLC provides only training and educational information. By accessing any Trading Advantage content, you agree to be bound by the terms of service. Click here to review the terms of services. DAYTRADING involves high risks and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site. | | 
 
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