Well traders this week's action may be important because if the market rebounds and if it hits another wave of selling, it will set the stage for a deeper decline.
The best gains may not be at home as investors take notice of an improved outlook in Europe. Fund managers have started to shift to euro-zone equities after a series of economic indicators showed the region finally emerging from recession.
U.S. stocks have been hit recently by weak earnings from bellwethers like Wal-Mart (WMT) and Cisco (CSCO) and by concerns that the Federal Reserve may start reducing its bond-buying program as early as next month.
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Economic indicators during the week include existing-homes sales, also due on Wednesday, weekly jobless claims and PMI Markit Flash manufacturing index on Thursday. New-home sales data is due on Friday. Bussy bussy week.
Entering the last week of earnings announcements, a number of retailers are due to report, including J.C. Penney Co (JCP) on Tuesday. Target Corp (TGT) is due to report on Wednesday.
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Please review last weeks comments . . . there all coming true. We're in the terminal stages of a Bernanke-driven bubble,
So how did SLOW MONEY OPTIONS do for the week? I had announced 4 trade recommendations on Thursday all OK. My AAPL put spread & AAPL call spread did fine producing 6% and 10%. The SPY put spread 6% and the call spread 3%. RULES, RULES, RULES but I like it. Like I had said early Friday the premiums would really start declining around noon and boy did they. The markets just died at that poing in time.
Remember always take 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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