QQQ’s at All-Time Highs

The PowerShares QQQ (QQQ) traded to an all-time high of $153.85 following a backtest towards $153 on the open. We mentioned continued closes above $152-$152.25, and current support, could lead to a run towards $154.50-$155 over the near-term. A close below the former would be a slightly bearish development. RSI is nearing June resistance at 75 with a push towards 80 and May resistance coming on continued strength.

NextOptions.com Index and Earnings Options Play List for 11/6/2017 – Special Promo

NextOptions.com Index and Earnings Options Play List for 11/6/2017

Dow/ S&P 500 Up 8-Straight Weeks

8:00am (EST)

U.S. markets finished Friday mostly higher while setting record highs with the Dow and S&P 500 working on 8-week winning streaks for the first time in four years. The Nasdaq is riding a six-week winning streak after gaining 0.7% and was up nearly 1% for the week. The Russell 2000 struggled after spending much of the session underwater while closing slightly lower and ending the week with a 1% pullback.

The Dow added 23 points, or 0.1%, to end at 23,539. The blue-chips traded down to 23,481 shortly after the open with rising support at 23,300-23,250 holding. There is risk to 23,100-23,000 on a move below the latter. The rebound to an all-time high of 23,557 cleared upper resistance at 23,500-23,550. Continued closes above the latter gets 23,800-24,000 in play.

The S&P 500 gained 8 points, or 0.3%, to settle at 2,587. The index slipped 3 points to 2,576 during the morning action with fresh support at support at 2,570-2,565 holding. A move below 2,560 would be a slightly bearish signal. The run to 2,588 pushed resistance at 2,585-2,590 with continued closes above the latter leading towards 2,600-2,625.

The Nasdaq rallied 49 points, or 0.7%, to close at 6,764. Tech dipped 2 points on Friday’s open to 6,712 Support is at 6,700-6,675 easily holding. A close back below 6,650 would be a yellow flag. The surge to 6,765 and lifetime high keeps new resistance at 6,775-6,800 in the mix.

The Russell 2000 gave back a point, or 0.1%, to end at 1,494. The small-caps kissed 1,490 with support at 1,485-1,480 standing tall. A move below the latter would be a bearish development. The one-point pop to 1,497 intraday failed lower resistance at 1,500-1,510 for the second-straight session and third-straight close below the 1,500 level.

The S&P 500 Volatility Index ($VIX, 9.14, down 0.79) dropped 8% after trading to a low of 8.99. Fresh support is at 9-8.50 with the 52-week low at 8.84. Lowered resistance is at 10-10.50 and a downward sloping 50-day moving average. A move above 11.50 will likely be a good clue on uncoming volatility.

Sector leaders from Friday included Technology and Healthcare with both rising 0.8%. Financials led the sector laggards after falling 0.4%. For the week, the Energy sector rose 2% while Consumer Discretionary fell 0.8%.

Q3 results from 406 S&P 500 members that combined account for 85.4% of the index’s total market capitalization. Total earnings for these companies are up 7.5% from the same period last year on 6.3% higher revenues, with 73.9% beating EPS estimates and 66.7% topping revenue estimates.

Looking at Q3 as a whole, combining the actual results from the 406 S&P 500 members that have come out with estimates for the still-to-come 94 index members, total earnings are expected to be up 6.5% from the same period last year on 5.6% higher revenues.

Excluding the weak results from the Finance sector, total earnings for the rest of the index would be up 9.6% on 6.1% revenue growth.

The Technology sector has been impressive, with Q3 results from 85% of the sector’s market cap in the S&P 500 index. Total earnings for these Tech companies are up 22.4% from the same period last year on 9.3% higher revenues, with 81.8% topping EPS estimates and 86.4% clearing revenue estimates.

Total Q3 earnings for the S&P 500 index are on track to reach a new all-time quarterly record, surpassing the previous record reached in the preceding earnings season.

The iShares Micro-Cap ETF (IWC) is trying to hold near-term support at $93 after trading to an all-time high of $96.77 in early October. A move below $93 opens up risk to $92.25-$92 and the 50-day moving average. This area represents the gap high from late September. Current resistance is at $94-$94.50 with a close above $95 being a bullish development. RSI has been in a downtrend since early October after peaking near the 90 level and appears to be leveling out. A move above 50-55 could lead to continued strength.

The Technology Select Sector Spiders (XLK) traded to a 52-week high of $63.55 on Friday with fresh resistance at $65-$65.50 on continued closes above $63.50. The all-time intraday high of $65.44 was reached in March 2000. Current support is at $63-$62.50. A close below $62 would be a slightly bearish development leading to a continued backtest towards $61.25-$60 and the late October breakout. RSI is in overbought territory and is pushing late May resistance just above 80.

With 3Q earnings seasons slowing, the market could be due for a breather at some point this month. However, we will let price action dictate on when a pullback could come and when we should lighten up on bullish positions. Otherwise, stay long and strong until the bears start showing a stronger attack.

Berkshire Hathaway reported earnings after Friday's close.

BroadSoft (BSFT), Cardinal Health (CAH), CVS Health (CVS), LouisianaPacific (LPX), Michael Kors (KORS), Mylan (MYL) are announcing numbers this morning.

===================

Our top triple-digit winning option recommendations for 2017:

+900% Lumber Liquidators August 27.50 calls (August 2017)
+300% JDcom June 37 calls (May 2017)
+300% Kate Spade March 20 calls (March 2017)
+300% Imax May 30 puts (May 2017)
+286% Fastenal May 49 puts (April 2017)
+246% Dick's Sporting Goods June 45 puts (May 2017)
+244% Starbucks February 57.50 puts (February 2017)
+200% GameStop April 22.50 puts (March 2017)
+173% Alibaba February 100 calls (January 2017)
+169% Amicus Therapeutics August 12 calls (July 2017)
+110% Amicus Therapeutics July 8 calls (June 2017)
+100% Cisco Systems October 32 calls (September 2017)
+100% Bank of America July 23 calls (June 2017)
+100% PowerShares QQQ ETF February 122 calls (January 2017)
+100% Array BioPharma January 8 calls (January 2017)

================

Limelight Networks (LLNW, $5.20, flat)

LLNW December 4 calls (LLNW171215C00004000, $1.30, flat)

Profiled Price: $0.37 (9/22/2017)
Exit: $1.75-$2.00
Profit: 240%
Stop: 80 cents, raise to $1 (Stop Limit)

Action: Resistance is $5.35-$5.40. Support is at $5.15-$5.10.

================

Dear Investor -

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NextOptions.com Index and Earnings Options Play List for 11/1/2017

NextOptions.com Index and Earnings Options Play List for 11/1/2017

Tech Tags Another All-Time High

8:00am (EST)

The market closed higher ahead of Wednesday’s FOMC announcement with the Dow and S&P 500 posting their 7th-straight monthly gain. The Nasdaq set another all-time high of 6,737 while closing above the 6,700 level for the second time in three sessions. Meanwhile, the Russell 2000 led the major indexes with a gain of 0.8% after closing back above the 1,500 level.

The Dow gained 28 points, or 0.1%, to finish at 23,377. The blue-chips tested a low of 23,334 shortly after the open with support at 23,200-23,100 holding. There is risk to 23,000-22,800 on a move below the latter. The rebound to 23,406 failed lower resistance at 23,500-23,550.

The S&P 500 added 2 points, or 0.1%, to settle at 2,575. The index made a backtest to 2,572 during the opening action with support at 2,560-2,550 easily holding. The 3/4-point pullback was followed by a run to 2,578 to clear upper resistance at 2,570-2,575. Continued closes above the latter and the all-time high just south of 2,583 opens the door for a push towards 2,600.

The Nasdaq jumped 28 points, or 0.4%, to close at 6,727. Tech held positive territory throughout the session while kissing a fresh lifetime high of 6,737. Fresh resistance is at 6,775-6,800. Rising support is at 6,700-6,675 with a move below 6,650 being a cautious signal.

The Russell 2000 was up 11 points, or 0.8%, to end at 1,502. The small-caps also held green while peaking at 1,506. Lower resistance at 1,500-1,510 was cleared with a move above the latter being a bullish development. Support is at 1,485-1,480.

The S&P 500 Volatility Index ($VIX, 10.82, down 0.32) traded to a low of 9.90 with upper support at 10-9.75 holding. Resistance remains at 11.50-12.50 with a move above 13.50 being a bearish development.

3D Systems (DDD), B&G Foods (BGS), Electronic Arts (EA), Plantronics (PLT), Sturm Ruger (RGR), US Steel (X) reported earnings after Tuesday's close.

Allergan (AGN), Brinker International (EAT), Clorox (CLX), Garmin (GRMN), Littelfuse (LFUSE), Molson Coors Brewing (TAP), New York Times (NYT), SodaStream (SODA) are announcing numbers this morning.

===================

Our top triple-digit winning option recommendations for 2017:

+900% Lumber Liquidators August 27.50 calls (August 2017)
+300% JDcom June 37 calls (May 2017)
+300% Kate Spade March 20 calls (March 2017)
+300% Imax May 30 puts (May 2017)
+286% Fastenal May 49 puts (April 2017)
+246% Dick's Sporting Goods June 45 puts (May 2017)
+244% Starbucks February 57.50 puts (February 2017)
+200% GameStop April 22.50 puts (March 2017)
+173% Alibaba February 100 calls (January 2017)
+169% Amicus Therapeutics August 12 calls (July 2017)
+110% Amicus Therapeutics July 8 calls (June 2017)
+100% Cisco Systems October 32 calls (September 2017)
+100% Bank of America July 23 calls (June 2017)
+100% PowerShares QQQ ETF February 122 calls (January 2017)
+100% Array BioPharma January 8 calls (January 2017)

================

Get Ready for 3Q Earnings Season!

Dear Investor -

If you are are past subscriber, welcome back as we have new deals on lower prices.

We have lowered our prices to give you more money to put into your trading account AND we have also made ALL of our memberships non-reoccurring!

As our membership has now swelled to over 57,000 readers and active traders, we are proud to offer you these incredibly low prices. But hurry, this promotion is now limited to the last 22 new subscribers as we are quickly on our way to hitting our 250 limit.

We always have new trades to play in the strongest sectors on continued momentum, or bearish trades on stocks in nasty technical setups. For all of our trades, we target a return of 100%-300%, or more, over a 2-4 week time frame.

Please take advantage of our upcoming recommendations by subscribing now and we will DOUBLE any membership. This means if you signup for 3 months, you get 3 months free. If you do a year, you get an extra year at no cost.

Get in on the action with all of our membership options. Act fast as we have new trades ready that could be our next triple-digit winner!

Not Yet An NextOptions.com Subscriber?

We continue to help novice and expert traders and investors navigate every kind of market and lock in massive options profits. With NextOptions you’ll get:

Daily Updates - market summary and all trade updates.
Huge Profits – targeting returns of 100% - 500%
Fast Profits – trades will close out in 2-4 weeks, or less, depending on action
Consistent Profits – rake up profits no matter what the market is doing

Discover a Simpler Way to Pocket
Big, Fast, Consistent Profits,

Get ready for bigger, faster, more consistent winners with your new NextOptions.com subscription. Sign up now so you can start watching your profits pile up!

Start your money making membership today and get instant access to your full subscriber benefits including:

1-3 near-term options trade each and every week, guaranteed.

Daily and full market email Issues. You’ll receive a DAILY issue every morning before the market opens with our detailed market analysis, new trades, and updates on open positions.

Trade Alerts. Every morning the market is open during the week we will tell you when it’s time to sell or if there is important news on one of our trades. You we be able to set your exit targets to maximize profits based on where we believe the stock is headed.

Unlimited 24/7 Access to Our Exclusive Subscriber Only Website. You’ll be able to see and track every open trade, access a complete archive of all Trade Alerts, review our track record history and past issues, get free Special Reports, and more!

Our next batch of trades are coming out like a rocket ship and we are expecting explosive market moves this month! Get in now to play the continued run to all-time highs, or a possible pullback, at some point.

Membership Options

***Remember, we will double any membership you choose at no extra cost. In other words, you are getting a 50% discount!

All of our memberships are non-reoccurring so please maximize the best deal for you because this offer won't last long. In fact due to demand and limited memberships, we will only keep this offer limited to the first 250 subscribers!

1 month - regularly $129

Membership Options

3 Month - regularly $261

Membership Options

6 Month - regularly $462

Membership Options

1 Year - regularly $924

Membership Options

Remember, these are one-time payments and you won't be billed ever again afterwards. Of course, we would like you to always continue your membership but we understand people do not want this burden. Besides, we know once you start making money, you will easily sign back up on your own.

Sign-up now for the best earnings and index option trading service in the business. We will see you at the opening bell as soon as you get on board. This is one of the best times ever, and we mean EVER, to trade the market. We want you to experience these incredible returns and possible explosive market moves that are coming throughout the rest of the year.

We have New Trades every week so you can play the market's possible continued run to record highs, or a major selloff, in the coming weeks and months. We profile bullish AND bearish option trades that can make you just as much money in up markets or in down markets!

Thank you for your patronage and let's go make some money!

Subscription link:

Membership Options

Sign up today to get our latest triple-digit winner! This offers expires once we reach 250 new subscribers and we expect demand to be overwhelming.

Support Team
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Energy Bounces Off Support

The Energy Select Sector Spider (XLE) closed higher for the 4th-straight session following the recent backtest to $66.34 and breach of a descending 200-day moving average. The 50-day moving average is in a strong uptrend and is on track to clear the 200-day moving average to form a golden cross. Current resistance is at $68-$68.25 with today’s high reaching $68.16. A move above the latter would be a bullish signal for another run at $69-$70. A move below $67.50-$67.25 could signal additional weakness. RSI is back in an uptrend after bottoming near early August support at 50.

Homebuilders in Focus

Spiders S&P Homebuilders ETF (XHB) pulled back off a recent 52-week high of $41.57 with current resistance at $41.25-$41.50. Continued closes above the latter could lead towards a surge to $43.50-$44 over the near-term. The all-time high high is north of $46 that was reached in February 2006 and when XHB started trading.

We mentioned earlier this month the breakout to multiyear highs above prior resistance at $39-$39.25 would be a bullish signal as this area represented June, August and early September resistance. Current support is at $40.75-$40.50 with a move back below $40.25 being a slightly bearish signal.

RSI is trying to clear resistance at 70 but is in a slight downtrend with a move above this level being a bullish development. The recent high cleared 80 and the 50-day moving average remains in a strong uptrend.

Russell 3000 Pushing Fresh All-Time Highs

The iShares Russell 3000 ETF (IWV) traded in a tight range between $151-$152 into mid-month following the breakout above $150 to start October. The recent all-time peak reached $152.91 last Monday and was matched on Friday’s intraday high.

Continued closes above resistance at $152.75-$153 would be bullish for a possible push towards $154.50-$155. Fresh support is at $152-$151.75 with a close below $151-$150.50 being a bearish development for a continued backtest towards $149-$148 and the 50-day moving average. Last Wednesday’s intraday low hit $150.61. RSI held near-term support at 60 last week and is back in an uptrend with resistance at 80 on continued strength.