by Ian Cooper | Apr 30, 2015 | Rapid Retirement System, Trade Alerts
I’ve talked a lot about market downside. It’s why we opened a put on the DIA June 179 at $2.85. Today, as the market continues to pull back, that put last priced at $3.80. I’m recommending that you sell to close half today. I don’t believe the move lower has ended....
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 | 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 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...
by Ian Cooper | Mar 30, 2015 | Rapid Retirement System, Trade Alerts
It’s another wild start to a wild market. After another series of massive swings in both directions, the Dow is up another 290 points today, taking us back above 18,000. Unfortunately, we’re running right back into overhead resistance again where we’ve failed every...
by Ian Cooper | Mar 25, 2015 | Rapid Retirement System, Trade Alerts
Please excuse this late alert. I just got back from a funeral. They’re always “fun.” But when the guy lives to 93, it’s easier to deal with. As for the overall market, in 16 years of trading and investing, I’ve never seen a market this bizarre. Sure, we’ve had stellar...
by Ian Cooper | Mar 17, 2015 | Rapid Retirement System, Trade Alerts
On February 18, I recommended picking up the AAL May 50 calls at $3.80 on hopes that oil would sell off again from highs. Eight days later, we exited half for about 40%. Today, after watching AAL move higher, I’m recommending that you sell to close the second half to...
