After the bell on Tuesday, traders digested another round of positive earnings; even more importantly, impressive revenues. However, the excitement quickly faded and by the time the cash market opened the bias was to the downside in broad market indices.
iPhone sales helped Apple to blow by analysts' earnings estimates and Yahoo reported an EPS of about double expectations. Likewise, Morgan Stanley announced that the company earned $1.03 per share in the first quarter.
As good as the earnings news has been, it wasn't enough to keep the unrelenting rally moving higher. Some analysts warned that investors are growing to expect gangbuster numbers and this alone could be an antagonist against future gains.
Banking stocks tumbled on news of strengthening momentum of a proposed tax on banks intended to raise $90 billion over the next decade. President Obama introduced the idea in January but it appears as though the odds favor it being added to a bill overhauling financial regulation.
From a technical standpoint, today's failure of the S&P to make new highs is relatively bearish. On the other hand, I don't trust this market. We side with the bear camp, be sure to get good entry prices or it could be a painful venture.
Resistance in the S&P lies at 1216ish, in the NASDAQ it will be 2048, and 730 in the Russell.
Don't forget about our webinar with SFO Magazine on April 29th, you can sign up for free on our website (below).
* Due to time constraints and our fiduciary duty to put clients first, the charts provided in this newsletter may not reflect the current session data. However, market analysis and commentary does. Charts provided by Track 'n Trade, Gecko software.
**Seasonality is already be factored into current prices, any references to such does not indicate future market action.
Please note: A mini S&P chart is used because it is better for charting purposes, but trade recommendations can be applied to either the full-sized S&P or the mini. Unless otherwise noted, profit and loss will be based on the mini version

S&P 500 Futures and Options Trading Recommendations
**There is unlimited risk in naked option selling and futures trading
Position Trade -
February 19 - Our clients were advised to sell the April 1165 calls for about $7.50, fills were coming in near $7.25 and a handful at $7.50.
March 5 - Clients with ample margin and guts, were recommended to add to this position by selling the 1165 calls for $9.50.
March16 - Clients were advised to roll half of their short call position into the April 1185/1100 strangle.
March 17 - Clients were advised to roll the remaining 1165 calls into the May 1190 calls to give the market some breathing room.
March 31 - Clients were advised to buy back the short 1100 puts for $1.75 in premium
April 1 - Clients were recommended to roll any existing April 1185 calls into the May 1215 calls for a small credit (about .50). This moves the risk away from the market and lowers the delta considerably.
April 13 - Clients were recommended to sell the May 1135 puts for $8. This move lowers the overall delta of the trade while keeping the position in the May options in hopes of favorable time value erosion. It is only a Band-Aid, but will temporarily stop the bleeding.
April 15 - Clients were recommended to buy back the May 1190 calls, and in some cases the 1200 calls and sell the May 1220/1150 call spread.

Russell Futures and Options Trading Recommendations
**There is unlimited risk in naked option selling and futures trading
Position Trade -
March 9 - Sell 1 June mini Russell @ 682 OB
Please note: A mini-NASDAQ chart is used because it is better for charting purposes, trade recommendations will denote whether a mini or full sized contract should be used.

NASDAQ Futures and Options Trading Recommendations
**There is unlimited risk in naked option selling and futures trading
Position Trade -
March 3 - Sell 1 e-mini NASDAQ at 1878 or better
Carley Garner
Senior Analyst / Commodity Broker
DeCarley Trading
cgarner@DeCarleyTrading.com
1-866-790-TRADE
Local : 702-947-0701
http://www.DeCarleyTrading.com
http://www.ATradersFirstBookonCommodities.com
*Due to the volatile nature of the futures markets some information and charts in this report may not be timely.
There is substantial risk of loss in trading futures and options.
Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
When you commence about the Atkins diet plan, you might be lured to take advantage of nearly all of the low solutions on the market these days. You will find a broad variety of packaged products that are specifically manufactured to be -carbohydrate. These include -carbohydrate snacks, low carbohydrate baking products and low carbohydrate substitutes (like pasta or bread). Whilst it could be enticing to fill your buying cart with all of those goodies,8325, it's greatest for your food consumption and for your health to give them a try sparingly.
Among the key things to remember in regards to the Atkins diet plan is its concentrate on raw, unprocessed foodstuff. The center of diet plan, as shown by the Atkins diet program food pyramid,7955, is clean vegetables and high quality meats. Added into the mixture are natural cheeses, a choice of fruits and, eventually,7210,new balance 410, full unprocessed grains. There aren't any packaged meats, canned veggies or instant something.
There may be a contributing factor that the Atkins food pyramid shows these food in their raw states. You can find excellent health advantages in minimally processed foodstuff. Raw, complete foods retain more vitamins and nutrients than food that have been through chemical and industrial processing. Made meals are more likely to become tainted with chemical additives that can lead to a complete host of problems.
Raw, fresh foods ingredients offer the very best basis for a wholesome diet program. Numerous dieters rely on meals that are technically allowed on the project,8616, but not beneficial to wellbeing. A person example is bacon. Numerous individuals for the Atkins diet plan consume a great deal of bacon. As a matter of fact,www.supra-chaussure.com, a lot of use it as a daily component of their protein ingredients. However, bacon contains great amounts of sodium nitrite, an ingredient that is known to lead to cancer. The more bacon they eat,nike air force 1, the a lot more they expose themselves to this chemical and numerous others.
The Atkins pyramid, and the Atkins diet plan catalogs,8665, recommends unprocessed, unrefined and non-manufactured ingredients for grounds. If individuals stick to these testimonials, they will slim down and knowledge healthiness transformations. By eating refreshing and normal foodstuff you are going to be providing your system with the nutrition that you need to have optimum well being.
Back again to individuals packaged and processed low carbohydrate foods. Technically, they're an area of the low program. They can be utilized in moderation as substitutes for your favorite carb heavy foodstuff. In the pinch, low carbohydrate bread and baked products can enable you get above urges and add wide variety for your Atkins diet program prepare. However, one particular take a look at the labels of these products highlights how chemically processed these items can be.
It truly is recommended that you use these items sparingly. In a few people, low carbohydrate packaged items result in carb cravings. This can make adhering to the dietary plan even additional challenging. In the event you discover that low-carb processed meals make you would like to stuff yourself on carb-heavy ingredients, then its best that you stay away from these products. These products can also have hidden carb counts that will grow your day-to-day carbohydrate degree with no you realizing it.
If your experiencing a stall with your weight loss on the Atkins diet, re-evaluate your obligation to unprocessed and unrefined ingredients. If you've been eating too many low processed foods,Nike Dunk Low, you could be consuming hidden carbs and eating more than necessary. Look at eliminating these items and refocusing your diet plan on unprocessed and unrefined foods, like people seen about the Atkins diet pyramid. When you go grocery purchasing, spend time along the outer rim in the shop where the clean, unprocessed foods are. This will help you prevent the temptation of packaged foods that can lead your diet astray.
You may need to trust in packaged meats, greens and fruits occasionally. We lead busy lives and convenience meals are just one part of existence. It is comprehendible that you may need to use some canned soup, bacon or canned veggies with your daily life. Nonetheless, make an attempt to focus your nutritional work on a broad variety of high quality,Nike Dunk Low, unprocessed foods. Your health and weight reduction efforts will be significantly rewarded.