Material Profits
This week, on TFN, I'll be discussing the effects of the state-owned Gazprom on the energy markets, particularly natural gas.

Don't forget, if you have a question for TFN, write to us at wavestrength@taipangroup.com with the subject “Question for TFN.”

Trading Tactics
Good news for WS Traders!

This morning our $3.10 sale price triggered on your eBay December 30 Calls (XBA LF), locking in a 14.8% gain in less than a week. If you haven't already done so, go ahead and take your profits now!

This morning's upside is also helping out Adam and my latest WOW play (which is short for WaveStrength Options Weekly) as Verizon (VZ - NYSE) also hit a new 52-week high of $38.60. This upside strength is pushing your Verizon April 37.5 Calls up to a high of $2.65, another great gain in less than one week.

In other news, Exxon Mobil (XOM - NYSE) posted a third-quarter profit that exceeded Wall Street expectations, which is pushing the stock up to a new 52-week high at $72.17 in early trading. In the quarter, XOM earned $10.49 billion, which was up from last year's a $9.92 billion. Not only that, but Exxon said it bought back 126 million shares of its common stock, a nice $8.4 billion investment in themselves.

Can the strength in the oil sector can help maintain the market's early upside? Most likely it will - but for how long? As one floor trader said on CNBC this morning, “markets do not move in only one direction.” This signals to me that it may be a good idea to start taking a precautionary position of safety in this non-stop upside market.

Bryan

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