We still Dont Know . . . Do We?

Last week investors  were eager to hear from the Federal Reserve about its plans for continuing economic stimulus expect some soothing words from the U.S. central bank next week.  Bernanke is unlikely to tip his hand about when he may begin to scale back his bond-buying program, but policymakers still may be inclined to try to tamp down recent volatility in financial markets with some mention of the issue.

We we now know what the Fed is thinking and that is what caused the massessive sell off the past week.  The speed that we saw the makrets rise January through June are probabley over and now more of a sideways market the remainder of the year .

Fast Money Traders did OK this week but Slow Money Options traders were without any published trades.  One of My Fast Money or Slow Money Option Rules is Never iniate a position if you are ill or have something that will be taking your attention away from that decission making.  It is just too much risk.

So how did SLOW MONEY OPTIONS do for the week? I was ill, had come down with a strong summertime cold and fever. Not any fun! I hope to be 100% this comming Monday. 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.