GOOD FRIDAY

GOOD FRIDAY really was a good week for FAST MONEY TRADERS AND SLOW MONEY OPTIONS.

What the S&P traded within 10 points of the all-time closing high for 13 sessions before breaking through, showing that investors need new catalysts to push firmly above resistance levels. YES!

As the market has gone higher ... upward moves have gotten smaller, which suggests that the move is getting old and that we are due a pullback.  Stocks could fall about 3-4% anytime. It is just waiting for a catalysis.

What could it be in the coming weeks? With the first quarter earnings coming out, the softening of economic data will be a key to the future of the economy that most investors will be watching.

About 197,000 jobs were added in March, according to a Reuters poll of economists. That would be down from the 236,000 jobs created in the previous month but still suggest improvement in the labor market. The unemployment rate is seen holding steady at 7.7 percent.

A strong payroll report could spark caution if it raises questions about whether the Federal Reserve would be more inclined to reduce monetary stimulus more quickly.  NOT.

If the central bank slows the rate of its monthly bond purchases, a program that has been credited with boosting equity prices, "that could cause some weakness.

So how did SLOW MONEY OPTIONS do for the week?  I had announced 4 trade recommendations on Wednesday.  I recommended 1 AAPL & SPY call trade both  worked fine also 1 put trade on AAPL & SPY and it also worked fine.  I like consistency.   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.

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.