HI Financial Services Mid-Week 02-03-2015
Sometimes the bad things that happen in our lives put us directly on the path to the best things that will ever happen to us – Unknown
Last week I was bragging about how well I protected my stock positions and how well I was making money in the down market!
Now the truth about this week – V, AAPL and Now DIS ALL rocked earnings but I still made a mistake. I took off protection the day of earnings and the stock popped and then fell back down. I nailed the top trying to outguess a company’s earnings “reaction” and took off the long put protection to the detriment of the trade. Waiting for technical crossovers is a discipline that I did not exercise in this trade. Now, V may head back higher and it might not hurt the overall trade but I am feeling some painin my trade today because I jumped the gun
What’s happening this week and why?
Oil seems and some analysts are calling the bottom on oil
Greece optimism
Two consecutive down months on the US stock exchanges and that hasn’t happened May & June 2012
China GDP, Manu both down
Euro gain strengthen against the dollar due to stimulus
Personal Income .3 vs est .3
Personal Spending -0.3 vs est -0.2
PCE Prices 0.0 in line with est
ISM Index 53.5 vs est 54.7
Construction Spending 0.4 vs est 0.8
Factory orders -3.4 vs est -0.2
Why did the US markets go up 500 points? = Technical Bounce
Where will our market end this week?
Higher by another 1% and it is due to oil rebounding and earnings
DJIA – Almost bullish with a tech bounce off the 200 SMA and almost above the 50 SMA
SPX – Almost bullish with a bounce off the 200 SMA and crossed above the 50 SMA
COMP – Almost bullish with another bounce off the 4600 level
Where Will the SPX end January 2015?
02-03-2015 Feb will finish at new market highs
01-27-2015 Feb my guestimate is 2050 or slightly positive
What is on tap for the rest of the week?=
Earnings:
Tues: DIS, AFL, CMG, GRD, WYNN
Wed: ALL, BSX, CLX, GM, GSK, HUBG, GMCR, MRK, RL, PRU, UA, YUM WHR
Thur: ATVI, BLL, BWLD, CMI, DWKN, EL, GPRO, GRUB, ICE, LNKD, LGF, MCK, NUS, P, PM ,PPL, SIRI, S, TWTR, YELP
Fri: D
Econ Reports:
Tues: Factory Orders, Auto, Truck
Wed: MBA, Crude, ADP employment, ISM Services
Thur: Initial Claims, Continuing Claims, Challenger Job Cuts, Trade Balance, Productivity, Unit Labor Costs
Fri: Ave Workweek, Non-Farm Payrolls, Private Payrolls, Hourly Earnings, Unemployment rate, Consumer Credit
Int’l:
Tues – CN:JP: PMI Composite
Wed – FR:DE:EMU: PMI Composite
Thurs –
Friday – DE: Industrial Production
Sunday –
How I am looking to trade?
I am prepared for earnings BUT I am adjusting bullish/good earnings companies to make money on a bullish run
My core positions that are bullish AAPL, DIS, V, F
Still Have BIDU, NVDA,
1st I am creating my earnings list so I don’t miss an earnings for a company I trade
AAPL – 01/27 AMC
BABA – 01/29 BMO
BIDU – 02/11 AMC
CLDX – 03/02 BMO
D – 02/06 AMC
DIS – 02/03 AMC
F – 01/29 BMO
FB – 01/28 AMC
LNCO – 02/26
NVDA – 02/11 AMC
SNDK – 01/21 AMC
V – 01/29 AMC
VZ – 01/22 BMO
WBA – 03/24
ZION – 01/26 AMC
SBUX – 01/22 AMC
MS – 01/20 BMO
PCLN – 02/19
NKE 3/19
RHT 3/26
Questions???
www.myhurleyinvestment.com = Blogsite
customerservice@hurleyinvestments.com = Email
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HI Financial Services Mid-Week 04-29-2014