Most volitity I think I have ever seen

Friday was a crescendo for a wild week for the markets as it climbed over 200 points. The S&P 500 exchange trade fund-the SPY climbed 2.20. With the new week, can it continue to move up? I believe it moved up, because we identified a bottom down. Some economists are calling this the "investable bottom." The strength on Friday could be seen in the utilities and say stocks that did not do as well. This is always a good sign for long term upward movement.  It appears that further action by the government's to prop up their economy may keep the markets moving forward. Italy and France supported the European Central Bank in a green to help take actions to help the German economy. At the same time, the Chinese government is expected to announce that it will pour more money into its banks to help with lending. Combine that with positive earnings on Friday and it was a good shot in the arm to move into this week with a positive note. Now let's see if we can do it!  But, let me play devil's advocate. We do have fresh earnings coming out as well is a busy economic calendar. What will happen to the stock market Monday morning if it kicks off the week with bad economic news? HANG ON!  This week, one of the things we need to do is keep our eyes on the Said again. We are getting close to the end of the month and the Federal Reserve has plans on ending its stimulant to bond buying program-better known as quantitative easing. HANG ON!  I believe it's natural for investors to get nervous about this. Quantitative easing has been credited with the strength and length of the five-year plus bull market we have been experiencing.  Wall Street has been addicted to QE and now it is expected to live without its psychological crutch. What happens to addicts when they lose their drugs? Will the markets react accordingly? HANG ON!  The last time the Feds ended their rounds of quantitative easing in 2010 and 2011, stocks sold off quickly. I think this is something important just to be aware of. HANG ON! Here are some important to note though-    There is inflation report coming out on Wednesday from the Department of Labor. If the global economic slowdown impacts the United States, we could also see lower prices for consumers. HANG ON! Let us not forget the keep our eyes on earnings! Early in the week we had disappointing major earnings and this is one of the reasons for the selloff. I believe the market could be walking a tight rope right now. As we get closer to the possible QE crunch, the markets could get skittish and there will be nothing else for them to look upon except fundamentals of corporate profits. This would make earnings a very important bullish shot in the arm right now. On Monday, Apple is due to report its results after the closing bell. Everything Apple reports is news these days. HANG ON! On Tuesday, Coca-Cola will report its results before the market opens. No company is as exposed to the global economy as Coke is. On Wednesday, Boeing is set to reveal its earnings before the market opens. The global slowdown is expected to hurt U.S. exporters, and Boeing could be a sign of how bad things have become. On Thursday, Amazon.com will report after the bell. Amazon isn't just a bellwether of the tech economy; it is now a key gauge of the health of the U.S. consumer.  So how did we do last week in SMO?

Last week I traded the SPY call spread and lost 7% and traded the Put spreads gaining 8%.  I also traded APPLE put spread for 10% gain. Repeating myself but you should have the weekly charts up on these stocks with bollenger bands.  Oh and don’t forget the big red lines Ive told you about it keeps you from getting into trouble.If I had paid more attention to the bollenger bands on the SPY calls I probably would have left it alone as the high was 189.75, the bands were starting to come down (close the gap) and time was running out. That would have been a 7% gain instead of a 7% loss.

Come on let me teach you how to Fast Money Trade.  I have had several hundred students over the years most are successful but not all.  Some are willing to learn and let me help them and follow this new way to trade.  Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things.  All I ask is have a open mind listen and ask questions.  Making my daily goal of $250+ on average on a weekly basis will give me  somewhere around $60,000 year.  This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results.  This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0 

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0 

 (FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad.  But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you.  I believe each of you can do the same thing it takes discipline.   Remember me talking about trading/investing is like running a business?