Last week I postponed publishing the weekly update
Thats because I felt the bottom for the market
would be that exact day. And I wanted you to
read my call the exact day of the low.
How did it turn out?
Well it just so happened that the bottom hit at 1,972.56
Since then, the S & P 500 has rallied up to a high on
Friday of 2,077.85.
That was a move of 105.29 points.
Not too bad. In only 3 days, the market moved up 5.3%.
The question is would this type of information benefit you?
If you go back and read last week’s update, you will learn
the reasons why I felt the market would bottom last week.
You can find it posted here …
When you have a sold framework to analyze the markets,
you can become a much better trader.
Speaking of trading, I am doing more volatility trades.
And why not? With the moves the market is seeing, trading
non directionally can be quite profitable.
Let me give you an example. About two weeks ago I felt
that BIDU would make a decent move.
So, here is what I did. I bought both the weekly $225 put
and call that expired in two days from the day I bought
I paid a total of $4.85 for both of them.
The next day, I was able to sell the calls for $8.00. And I
closed out the putside for 18 cents.
So, I collected a total of $8.18.
Considering I paid $4.85 the day before, the profit was $3.33.
That works out to a return of 68.6% for one day.
Not too bad.
And it did not require me to pick a direction, just anticipate
a normal trading day.
There was a specific reason why I chose to do this on
BIDU. That is what I teach inside my service.
For a limited time, we are running a special where you can
gain access for 50% off the normal monthly rate.
Instead of the regular $97 per month, for a short time you
can get access at only $49. That works out to $1.63 per day.
So, for less than the cost of your daily cup of coffee you
can become a full member.
And you are protected with a No Questions asked 60 day
money back guarantee. If for any reason you do not
like my style or what I can offer you, you can get a refund.
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And Merry Christmas to you and your family!
I hope this has been helpful.