OPTION TRADING

Wow, another exciting week down up down up. Last week called said to be watching for a pullback and wow did we get one on Monday. Unfortunately I have been having some personal issue that I had to deal with the past week and will continue throughout this week. My option trading is hindered because I am unable to monitor the markets after the 1st 60 minutes last week and this week. That said Thursday still had 2 profitable option recommendations and comments. Probably if I were to have been able to monitor Friday I would have another 1 day recommendation.

CREDIT SPRED RESULTS using FIRST 60 MINUTES OF TRADING -https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

This week expect the first of the week to be non eventful then looks for fireworks to start again. Remember that the later in the week the safer the option trade, (less time value). Overall I expect to see a upward biases on the overal markets this month. I think that the lows have been hit and were on a slight upward trend till end of year.