by Ian Cooper | Mar 3, 2015 | Uncategorized
As hoped, Exxon Mobil (XOM) pulled back beautifully from overhead resistance, and on news that Warren Buffett sold his stake. I’m now recommending that you sell to close the second half of the XOM April 90 put trade, as the underlying stock nears prior support at $86....
by Ian Cooper | Mar 3, 2015 | Uncategorized
Lumber Liquidators (LL) was destroyed yesterday on a 60 Minutes report. What was interesting is that the report relied not only on the stock’s short seller, Whitney Tilson but two attorneys that are backed by the same short seller. But here’s the thing. Where were the...
by Ian Cooper | Feb 24, 2015 | Uncategorized
Unbelievably, the markets are screaming higher. I’m just not sure how long this can last. The bulls have completely lost their minds, thinking all is okay. But it’s not. It’s a wait and see right now. For the time being, let’s take more gains off the table. Sell to...
by Ian Cooper | Feb 24, 2015 | Chart of the Day
After a substantial run, Deere (DE) is just starting to fall apart at substantial resistance points going back 10 years. MFI has already turned south. And it’s only a matter of time before MACD and RSI turn lower, too. Worse, after beating earnings by 35%, the company...
by Ian Cooper | Feb 23, 2015 | Uncategorized
Over the last week, I recommended opening the DIA April 179 put, the AAL May 50 put, the XOM April 90 put, and the RIG May 18 put. The XOM, RIG and AAL trades were issued on the idea that oil would resume its fall. And that’s exactly what happened. Within days of...
by Ian Cooper | Feb 23, 2015 | Uncategorized
Over the last week, I opened a new Forgotten Profits trade with the DIA April 179 put. I’m hesitant to really go long new trades at the moment, as the indexes challenge massive overhead resistance just above 18,000. If we fail here, we could fall back to the 200-day...
by Ian Cooper | Feb 19, 2015 | Chart of the Day
I say this at every top. Be cautious. We’re about to take a bad dive to the 200-day moving average in early March, especially if Greece and Europe can’t come to an agreement. I’ve been watching the market with great concern, as the major indices challenge heavy triple...
by Ian Cooper | Feb 18, 2015 | Uncategorized
Oil has been moving higher in recent days, but I do not think it’ll last. There’s still too much supply on the market, as compared to demand… and bulls forget this. Even though rigs are being shut down, it’s not changing the amount of excess supply. We also have to...
by Ian Cooper | Feb 18, 2015 | Uncategorized
Hello all… Ian Cooper here. I’ve been watching the market with great concern, as the major indices challenge heavy triple top resistance with bearish signs on MACD, MFI and RSI beginning to emerge. If this top gives way with no real sustainable news or momentum, the...
by Ian Cooper | Feb 18, 2015 | Uncategorized
Hello all… Ian Cooper here. I’ve been watching the market with great concern, as the major indices challenge heavy triple top resistance with bearish signs on MACD, MFI and RSI beginning to emerge. If this top gives way with no real sustainable news or momentum, the...
