EMC Returning Big Profits

EMC Jan 13 24 Calls returned 50% this week.  Pushing Jan 13 25 calls and long the equity as well for a good balance.  The pull-back prompted a half-dozen upgrades and price targets are at the 30$ range.  They report the towards the end of the next month.

The Euro relief rally was a good catalyst to move this back up, now if it can maintain this base you should see a push higher into earnings!

Happy Trading...

EMC Chart Two

Back above 200-day, pushing towards 50-day...  relief of overall market pressures coupled with great news and upgrades...



Happy Trading...

Greek Elections Surge Markets

The elections were one by the pro-bailout party, good news for short term jump.

EMC has been recovering well off the lows, well oversold.  The double-down on the options are proving profitable and the shares we bought outright are now primed to return significant profits.

EMC Deeply undervalued:

http://seekingalpha.com/article/664581-emc-deeply-undervalued-ready-to-surge?source=email_rt_article_readmore&ifp=0

Happy Trading...

And the futures are up!

Weekend is full of Global News

China reported a marginal slowdown, we'll see how the news sells this.  Retail sales were up but productivity was down by .2 from Bloom estimates.

Spain should request bailout funds.

World is slowing but how much is it slowing?

This weekend has much news from across the globe and will determine next weeks trading start.  Bloomberg is announcing the news most sanely...

Happy Trading...

What We're Trading Now

Nadda!....  I am buying long holdings of EMC to offset the likely loss on the call options.  Not much in the way of any recovery this year.  This may take some time but EMC getting beat up like this does present a buying opportunity.

Trade the VIX, short the indexes, play the Europe close bounce at 1130est.  Be in cash at the end of the day!

After the mess that the global economy is setting up for we will be primed to make money on the way back up.

S&P already below any hope of a bullish bounce.  Futures way down, will break below 12000 tomorrow.

Happy Trading...