Shut Up and Stay Long

Wow what better way to celebrate TGIF than to have Wall Street cap the week by hitting fresh new highs?  Forget "sell in May," at least for now; the S&P 500 on Friday soared past 1,600 for the first time ever and the Dow touched 15,000 in early trade, ultimately closing just 27 points below that milestone. This came after Friday's jobs numbers blew past expectations  and following a week in which central banks, housing data, earnings and a historic Apple (AAPL) debt sale were in focus. So why do we continue to rally in the face of "eh" economic data, higher taxes, the sequester and a dragging euro zone? What is fueling this most "unloved" rally? Are U.S. equities just the best choice out of a not-so-great bunch, which includes sliding metals and low-yielding bonds? Is the "spring swoon" yet to come?  Well, as Breakout's own Jeff Macke says, you might just want to "shut up and stay long" because "sometimes a bullish market is just a bullish market."

So how did SLOW MONEY OPTIONS do for the week?  I had announced 4 trade recommendations on Thursday.  Ok some of you trade only one of the recommendations others trade the series while others trade all like I do.  My Spreads on AAPL calls made 5% and the puts made 4% pretty good if I had just stopped there.  BUT I also sold the SPY put spread for 6% still good if I had stopped there.  BUT I had also sold the SPY call spread for .06 credit and following my own rules stopped myself out at .13.  That made me loose 7% on that trade.  Still Ok for the week but any loss really cuts into your total return on trading capital.  I barley made 3% total for the week   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.