The markets have shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.
Or could the rally be slowing? In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas. Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.
So how did SLOW MONEY OPTIONS do for the week? Weekending 1/25/2013 Trades were a little harder to find this week I only announced one trade recommendations on Thursday. I traded AAPL 435/440 put spread @ 12 credit. Thinking everything was ok and later during the morning bot it back @ .25 credit for a loss of .13. So what happened? I had not waited long enough to get the bolelenger bands to move away. And Im not making excuses but sometimes you are going to loose. That is why you must have trading rules to make that decision for you.
Remember always do the more conservative spread is the reason that I give you choices. What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading. The choice is yours take responsibility.
I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money. Thank you for letting me serve you, I consider it a privilege to work with each of you. I strive to make a successful trade one week at a time. Your results may vary.
Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ
Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.
Remember always do the more conservative spread is the reason that I give you choices. What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading. The choice is yours take responsibility.
I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money. Thank you for letting me serve you, I consider it a privilege to work with each of you. I strive to make a successful trade one week at a time. Your results may vary.
Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ
Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.
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I hope you will learn from my years experience as a professional trader.