Hello Ike:
Good to see 799 tested on BKX! They tried to "sell the news" this morning.... couldn't keep it down long though! Agree with your assessment of ^DJT, expecting a takeout of old highs by April.
Bears just don't seem to fathom that NDX is the barometer now and not the INDU. Real growth coming from cutting edge tech's, and not many in the 30 can say the same. "Idea" and Ike had it pegged once again on the big numbers from MSFT,XLNX,CA,INTC,SEG and more. Expect LU,CSCO,DELL,QNTM,ect. to fall in line.
What month are you rolling your calls too? I'm playing Feb's right now but will close out shortly and wait for post-earnings dip, and then initiate Aprils during mid-February. Also, are you still following FHS? I know it fell from your graces, but I watched it closely the last few days, and there are definitely buyers under the market. Thinking all the bad news is discounted and they take it to mid-teens by April!
Do you think we test 14,000 tonight on Nikkei? My trade is still there, but I am eager to see the action above that level. You previously had 14,100 pegged as a target, which would represent a nice move over a couple of weeks. Let's see what happens!
All the Best,
Kevin |
