Stocks posted their second straight week of losses on Friday, mostly on fears that the Fed would curb its bond-buying program sooner than most people expected.
Those who are in the market based on easy money ... will probably exit if the May jobs number exceeds expectations. A stronger-than-expected jobs number "would continue to produce the concerns you've seen manifested in the market over the last couple of days. YES!
The move out of dividend-paying and other defensive shares should continue as the economy improves. The market is still a "long way" from seeing high interest rates. The fact that rates are likely to creep up over time, that's a given. And it's not going to be sudden or dramatic. It's going to be more gradual.
On Thursday, initial claims for unemployment benefits will grab attention - on the day before the big payrolls report from the U.S. government. Initial jobless claims are projected to have slipped to 345,000 in the week ended June 1 from 354,000 in the previous week.
So how did SLOW MONEY OPTIONS do for the week? I had announced 3 trade recommendations on Thursday. My SPY put spread for 5% return did fine. The AAPL put spread did fine with a 5% return and my higher risk trade of the AAPL call spread blew up in my face and I followed my rules and got out with a 25% loss. If I had not been following my rules I would have made 26% on the trade. But I prefer to trade consistently than hap hazardely.
I could have traded the AAPL calls again friday but I choose not to. I guess I was a little tired. 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.
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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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