What Lies Ahead

Well no slowdown in the GNP on Friday which resulted in the markets retreating. I believe this will be reason we'll start off Monday with a challenge. There could be a good combination of news that would lift the markets this week if everything falls in line. Feds are meeting Tuesday, Wednesday and because of the news about the GNP I would expect that they will make an announcement that they will extend the buying of govt. bonds and not hint of slow slowing. In the past this has helped lift the markets. For some reason the markets really like stimulus news. The second thing would be the earnings this week if earnings continues to be pleasant, then I would think the combination of the two will continue to gradually push the market up. Now that's not taking into account something that we do not know that will occur. But that's what I see for the week ahead. A heavy slate of key economic indicators will be released next week, including personal income and spending, the Institute for Supply Management's manufacturing and services activity indexes, pending home sales, the Chicago purchasing managers' index and consumer confidence from the Conference Board. The highlight of the week will come on Friday when the Labor Department releases its employment report for April. Should prove interesting for out Option plays.

So how did SLOW MONEY OPTIONS do for the week?  I had announced 4 trade recommendations on Thursday.  I did not get SPY put spread executed and I did not chase it (rule #6).  I was more fortunate on the remainder of my spreads (You can see the results spread sheet) I received 6%, 6%, 4% spread that was executed.  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.