All major U.S. markets are hitting on all cylinders, and sentiment is starting to reach the “greed” level.  Stocks hit new records six straight days.  Even the Russell, which had struggled to make new highs while caught in a range, has finally broken out as well, though not in a very strong fashion.  Much of the optimism has been fueled by President Trump’s promise to revamp the U.S. tax code, which some have estimated could add more than 6% to corporate earnings going forward.

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The rally has been broad, but financials, industrials, and technology have remained especially solid.  Energy has been weakening, and most other sectors are relatively flat.  Trading for a living is a fabulous goal.  To learn how to create your own trading “paychecks”, join the latest Options Academy Online course which kicks off this month.  Get details here: http://www.optionsuniversity.com/options-academy-online/. Read here for insight about penny stock loans and other ways of investing in the stock market.

The CBOE Volatility Index (VIX), despite the rally, has picked up a bit lately as some may sense that we have become overextended.  After touching extreme lows below 11, the VIX is back above 12.  Many analysts are predicting an increase in volatility, and such changes can happen rapidly, leading to huge profit opportunities. Did you know that you can trade options on volatility?  To learn more, click here:  http://www.optionsuniversity.com/options-online-classes/all-classes.php

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The rally has been broad, but financials, industrials, and technology have remained especially solid.  Energy has been weakening, and most other sectors are relatively flat.  Trading for a living is a fabulous goal.  To learn

OVERSEAS:  No major moves occurred in overnight action in foreign markets.  Asia was mixed with the Nikkei trading down a bit, but showing strength in the Chinese markets.  European markets were more broadly down, but fractionally.  In short, no major game changing moves that are likely to have an impact on the U.S. trading day.

OIL:  Oil prices have stabilized in recent weeks, with the $53 crude price seemingly the normal center of gravity.  Inventories are back at all time high having added 9.5 Million barrels this week.  Gasoline inventories have increased as well, which should keep supplies at high levels for the near future.  Want to learn from a commodities expert what will happen next?  To hear what Courtney Smith has to say about oil and other opportunities, click here:    http://www.optionsuniversity.com/tradesmith-video-newsletter/

JOBS:  Jobless claims continue to surprise in a positive way coming in at only 239K this week compared to an expectation of 246K.

BIOTECH INSIDER: We’ve been talking a lot about ACADIA Pharmaceuticals (ACAD) in recent weeks for good reason.  The stock continues to move aggressively higher.  In fact, just months after the FDA approved its drug for Parkinson’s disease Psychosis (PDP), sales have been exploding.  In the third quarter of 2016, sales were already up to $5.4 million.  While the PDP market is significant, with an estimated one million patients, the drug’s potential exposure to Alzheimer’s disease Psychosis (ADP) may be even greater.  At the moment, as many as 50% of Alzheimer’s patients can develop ADP… Should the ACAD drug successfully expand into this arena, sales could soar to $1 billion by 2022.  For that reason, there are notes that big pharmaceutical companies could be ready to pounce and make a big offer.  Having first recommended ACAD around $15 a share, it’s now up to $39.69 and could race even higher, according to our biotech-trading expert Ian Cooper.  But ACAD isn’t the only buyout candidate on the block.  There are several more.  For more information on how to trade biotech and pharmaceutical stocks on anticipatory momentum, click here: http://optionswealthinsiders.com/biotechv2/

MOMENTUM INSIDER: In the next two weeks, stay tuned to this very spot.  Options University is about to unveil its latest options trading program you won’t want to miss.  With accuracy, as high as 80% at times, we may be giving it away for free for the next year.  That’s not a typo.  We said free. Stay tuned.

 

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