As I noted in the last newsletter there is not going to be a full Ultimate Investor newsletter this weekend but I am taking time to send a short note. Nothing has changed in my outlook for January. I expect an early month correction that should start almost immediately.
For the current week, there is a tendency for the market to be bullish the first two days and negative the last two days. With Credit Suisse warning there is $38 to $58 billion in pension fund rebalancing due at the end of the week, that should weigh on the markets.
Take the week off from trading and start making a list and checking it twice of companies you would like to buy if the market dropped 5%. You may get that opportunity.
Happy New Years!
Don't Forget We are Adding another bonus to the EOY this year!
We are including these four eBooks at no additional charge.
Charting Made Easy - John Murphy
7 Chart Patterns That Consistently Make Money - Ed Downs
Getting Started in Candlestick Charting - Tina Logan
50 Stock Market Rules - Michael Sheimo
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NEW DIRECTIONAL PLAY
No New Plays
Check the graphic below for any new stop losses in bright yellow. We need to always be prepared for an unexpected decline. Any items shaded in blue were previously closed.
Current Position Changes
Original Play Recommendations (Alpha by Symbol)
No Updates This Weekend
Prices Quoted in Newsletter
At Option Investor, we have a long-standing policy prohibiting the editors and staff from actually trading the individual recommendations in order to conform to SEC rules concerning trades.
The prices quoted in the newsletter are the end of day prices in most cases.
When discussing fills or stops the prices quoted are the bid/ask at the time the entry trigger or exit stop is hit. This is NOT a price that someone on staff actually got using a live order.
For entry/exit points at the market open the prices quoted will be the opening print. The majority of the time readers are able to get a better fill than the opening print because of market maker bias at the open.
For trades with an opening qualification the prices quoted will be the bid/ask at the time the qualification was met.
All of these rules normally produce worse prices than an active trader would normally get. Because they are standardized there may be some cases where a price quoted was better than an actual fill. If you received a price that was dramatically different than what was quoted please let us know.