HI Financial Services Mid-Week 01-21-2015
“When the odds are against you, you have to dig deep… deeper than you thought was in your power. You have to find that inner strength and use it to focus on what matters. It’s only then that you’ll have clarity. Right now, your mind is racing. Find that inner strength and focus on what matters most.” – Christopher David Peterson – The Curse of Atlantis
#1 What am I doing and why?
I am collar trading based on technical crossovers and allowing 2 to 4 days for those crossovers to validate themselves
#2 What has helped you the most with trading?
Education but after education I read a lot !!! I probably spend 2 hours a day reading about the market, stock news that I am in, Investopedia to better understand what others look at like valuation, cash flow, future earnings projections, etc….
What’s happening this week and why?
China GDP better than expected but still less than last year
NAHB Housing Market Index 57 vs est 58
Building permits 1032 vs est 1060
Housing starts 1089 vs est 1040
Where will our market end this week?
It all comes down to the Thursday ECB meeting and if Draghi can actually do something “big”
Rumor is the ECB will buy 58 Billion (Euros) worth of government back bonds
DJIA – Technically still bearish, below the 50 SMA
SPX – Bearish and mirrors the DJIA with bounces off the 1986 ish level
COMP – technically bearish with bounces off the 4550 level in a triple bottom
Where Will the SPX end January 2015?
01-20-2015 I would expect down 3% but moving up 1% or more this week. Earnings may change my mind
01-13-2015 I would expect down 3% but moving down 7 to 10% during the month. Earnings may change my mind
01-06-2015 I would expect down 3% but moving down 7 to 10% during the month
What is on tap for the rest of the week?=
Earnings:
Tues: MS, COH, IBM, CREE, DAL, GD, JNJ, HAL, NFLX, AMC
Wed: SNDK, AXP, DFS, EBAY, FFIV, USB, UNH
Thur: VZ, SBUX, ALK, ALTR, LUV
Fri: BK, GE, HON, KMB, MCD
Econ Reports:
Tues: NAHB Housing Market Index
Wed: MBA, Crude, Building Permits, Housing Starts
Thur: Initial Claims, Continuing Claims, FHFA Housing Price Index
Fri: Existing Home Sales, Leading Indicators
Int’l:
Tues – CN: GDP, Industrial Production, Retail Sales, JP: All Industry Index
Wed – GB: Labour Market Reprot
Thurs – FR:DE:EMU: PMI Composite, ECB Announcement
Friday –
Sunday – JP: Merchandise Trade
How I am looking to trade?
I am prepared for earnings
True cost basis for the stock is closer to $107 due to short puts getting into the stock, short calls against the shares and long put profits
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 – 02/18
CLDX – 03/02 BMO
D – 01/30
DIS – 02/03 AMC
F – 01/29 BMO
FB – 01/28 AMC
LNCO – 02/26
NVDA – 02/11
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
Article Links can be followed by being a Twitter follower @kevinmhurley
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