SPY analysis, CREE gap higher, STX trade on gap higher and JEF cup and handle break out

http://www.OptionSIZZLE.com I take a look at the S&P 500 (SPY) and give an analysis of today's action and what we can look for coming into the next few days.

Cree Inc. (CREE) was very strong in today's weak tape with being up some 17%. I talked about in last week's video about stocks to buy on a gaps higher. (CREE) was that one today and we could see a continued move tomorrow. I am in the February 65 calls.

Seagate Technology (STX) issued earnings after the bell and are up huge. This is a gaper that could be played tomorrow above $19.

Yesterday, on our public twitter feed @optionsizzle, I pointed out the cup and handle formation in Jefferies Group Inc. (JEF) and that this morning's earnings report could be the catalyst for the breakout. BANG! prices shot higher today, breaking out of the formation.

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