HI Financial Services Mid-Week 04-07-2015
Can the blind lead the blind? –Joe L.
I’ve gotten numerous questions on what I’ve been doing over the last three weeks?
I started to get scared!! So I added Leap short calls to stock ownership positions
Then two weeks ago I added the full collar by adding ATM long puts
BUT then what have I been doing …….?
My answer was “went fishing” or nibbling in the stock market as stocks were falling
Sometimes you catch a little gain or a little fish while nibbling.
But I don’t trade for pennies I trade for Dollars !!!
I bought stocks and sometimes in couple hundred shares per account with money I had called away back in November.
Not only did I only get one above 32” but the next day ……?
I GOT ANOTHER
Stocks I nibbled on were
NVDA 21.09 & 20.90
DIS 104.46 & 104.99
FB 84.60 & 83.00
OTHER than FB my nibbling has paid off. What you don’t want is to get burned and find yourself in trouble with trying to pick bottoms so you only nibble into weakness.
What’s happening this week and why?
ISM Index 56.5 vs est 56.9
Jolts 5.133 vs est 4.998
Consume Credit 15.5 B vs est 12.5 B
Where will our market end this week?
Nothing Matters tomorrow until after the FOMC Minutes are released
Wednesday AMC Alcoa reports (tradition start to earnings)
DJIA – Bearish
SPX – Undecided indicators are sitting on top of each other
COMP – Bearish
Where Will the SPX end April 2015?
04-07-2015 April will finish higher by 3% 2150 level
03-31-2015 April will finish higher by 3%
What is on tap for the rest of the week?=
Wed: AA, BBBY, RAD, PIR, WDFC
Thur: STZ, WBA
Tues: JOLTS Job Openings, Consumer Credit
Wed: MBA, Crude, FOMC MInutes
Thur: Initial Claims, Continuing Claims, Wholesale Inventories
Fri: Import, Export, Treasury Budget
Tues – JP: BOJ Announcement,
Wed – DE: Manufacturing Orders
Thurs – GB: BOE Announcement, DE: Industrial Production, CN: CPI, PPI
Sunday – CN: Merchandise Trade, JP: BOJ Minutes, Machine Orders, PPI
How I am looking to trade? Let me Show you what I changed and why?
Most of my stocks are collared for earnings earnings:
I have some stock only positions –D,
I have Protective puts on AAPL, CLDX, LNCO, ZION, F
Still IN collars for – BIDU, FB, SNDK, DIS, V, WMA, SBUX,
Covered Calls on –P
Bull Puts –NVDA (22 to trade to expire worthless)
1st I am creating my earnings list so I don’t miss an earnings for a company I trade
WBA – 04/09 BMO
AA – 04/08 AMC
AAPL – 04/27 AMC
BABA – 05/06 est
BIDU – 04/23 est
CLDX – 04/30 est
D – 04/30 est
DIS – 05/05 AMC
F- 04/28 est
FB – 04/22 AMC
LNCO – 04/30 est
NVDA – 05/05 est
SNDK – 04/15 AMC
SBUX – 04/23 AMC
V – 04/30 AMC
VZ – 04/21 BMO
ZION – 04/20 AMC
KNOW where you are at, AT all times!!!!
www.myhurleyinvestment.com = Blogsite
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