Sunday, April 14, 2013

TAX DAY IN AMERICA get ready



Another week on Wall Street and more records shattered as the S&P 500 finally found its way past the 2007 intraday high it hit in October of 2007.  Stocks ended Friday on a pretty much unchanged, both the S&P and the Dow saw their best weekly performances of 2013 so far and commodities tanked.  The S & P is up 11% so far this year, more than the average annual gain through documented history."
What can throw a wrench into this (arguably) "unloved," low-volume rally? Just about anything. much could hinge on earnings results from next week's jam-packed week, in which no less than 74 S&P 500 companies will report. Financials will be a major focus following Friday's reports from JPMorgan (JPM) and Morgan Stanley (MS), which failed to impress investors once they dug below the surface of their analyst beats.  
Tax Day in America is Monday April 15th. We've already gotten a look at the Biden's and Obama's returns -- so have you seen your accountant yet? If the tax process is getting you down, please take note of the freebies and deals you can snag on that day. Nothing like a few ribs from Boston Market and a good massage to make it all seem so much brighter.
Last week I didn't publish my weekly blog due to me camping and backing in Arkansas.

So how did SLOW MONEY OPTIONS do for the week?  I had announced 3 trade recommendations on Wednesday.  I recommended sell AAPL call spread and SPY call spread both  worked fine also recommended a put trade on AAPL Im glad to say all 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. 

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I hope you will learn from my years experience as a professional trader.