The S&P to Breakout Soon
the Nasdaq Keeps Climbing!
The S&P 500 Index (SPX) flirted with their first real breakout above 2400 on Tuesday, reaching 2404 at one point before closing just below 2400.
And Wednesday saw a dramatic drop in domestic crude inventories which had crude futures and energy stocks rallying, helping the S&P 500 finish in positive territory, climbing 2.7 points to finish at 2,399.63.
Meantime, the Nasdaq notched an all-time high for the fourth straight day, thanks to impressive earnings from the tech sector, but each of those has been by only a marginal amount with stocks having been stuck in a largely listless trading pattern in recent weeks.
Companies have been turning in a series of stronger-than-expected profit reports, which has tempered concerns that stocks have grown too expensive relative to earnings......
Why the May 2017 Square Inc
(NYSE:SQ) Call Trade Was a Success
On Tuesday, May 2, 2017, Stock Options Made Easy recommended that their “Cut-To-The-Chase Trader” members buy the SQ May 19 2017 CALL at approximately $0.80.
Some members were able to enter this trade at an even lower price than this, and within two days, the price spiked to $1.50. For a member who entered the trade at $0.80 and then exited at $1.50, this represented a profit of 87.5% - a fast and substantial profit which is what Cut-to-the-Chase trading is all about.
The rationale behind this recommendation was presented to members as follows on May 2:
Best of Trading,
Director of Stock Options Made Easy