by Ian Cooper | Apr 26, 2015 | Rapid Retirement System, Trade Alerts
I told you this market was nuts. We’re still stuck in a tight channel bouncing between 17,800 and 18,100. And I’m concerned where the Dow will finally break. We could easily pull back to less than 17,750 this week as it finds the usual overhead resistance point. I’m...
by Ian Cooper | Apr 24, 2015 | Rapid Retirement System, Trade Alerts
It’s time to exit the Mattel (MAT) July 27 calls for good gains. After some patience, the stock pushed aggressively higher from $22.50 lows to more than $30 today. The call last traded at $3.20 x $3.40. This gives us close to an 89% gain on the call. We exited the put...
by Ian Cooper | Apr 23, 2015 | Rapid Retirement System, Trade Alerts
I’ve been watching the AT&T trade all day. The underlying stock is up more than $1.30. That move gives us great gains on the AT&T July 33 call and January 32 call picked up at 90 cents and $1.90, respectively, on April 14, 2015. I’m recommending that you sell...
by Ian Cooper | Apr 20, 2015 | Forgotten Profits, Trade Alerts
As I noted last week, the markets suck at the moment. It doesn’t matter that we’re up 200 points today. We fell more than 300 just the other day. This is not a picture of market health. This is a snapshot of the S&P 500 over the last couple of sessions. This is...
by Ian Cooper | Apr 20, 2015 | Rapid Retirement System, Trade Alerts
[Update] Hold all open positions As I noted last week, the markets suck at the moment. It doesn’t matter that we’re up 200 points today. We fell more than 300 just the other day. This is not a picture of market health. This is a snapshot of the S&P 500 over the...
by Ian Cooper | Apr 14, 2015 | Rapid Retirement System, Trade Alerts
I won’t sit and lie to you like a host of other editors, analysts, and dreamers. I’ll tell you exactly how it is. The markets suck at the moment. We’re stuck in a directionless market run by amateurs chasing a dream of further upside. But here’s the thing. We’re long...
by Ian Cooper | Apr 14, 2015 | Forgotten Profits, Trade Alerts
The markets are not pricing in reality. Consumers are scared to death these days. We can see that in retail spending. Homeownership rates are at 20-year lows. Unemployment isn’t healthy. The labor participation rate is at multi-year lows. The savings rate is moving...
by Ian Cooper | Apr 6, 2015 | Chart of the Day
It’s amazing what a poorly researched 60 Minutes hit piece can do to a stock, like Lumber Liquidators (LL). No one bothered to notice the attorneys that were “allegedly” backed by short sellers… No one bothered to question why 60 Minutes interviewed and trusted a...
by Ian Cooper | Apr 6, 2015 | Forgotten Profits, Trade Alerts
Lumber Liquidators (LL) is coming back very nicely. It’s back above $34 a share. Raymond James just upgraded the stock to outperform with a $40 price target. I’m just as upbeat on the stock, as they are. Hold the stock and the call option. As for Coke, the stock...
by Ian Cooper | Apr 6, 2015 | Rapid Retirement System, Trade Alerts
I’ve been a trader for 16 years. And I’ve never seen a market this rigged or this disorganized. One day, we’re up hundreds of points. The next day, we’re down hundreds of points. We’re now stuck in a directionless market that’s just bouncing inside a channel between...
