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Friday Comes In Flat And Light

Flat day on light volume. Record gains for the week. Stretch goals for the week were maintained. Is the rally over? Wait for the end of Monday to see what investors think after returning from the weekend. Click here to get today’s free options advice; have A.J. explain option trading to you in everyday language.

Hey trading team,

This is A.J. on Sunday, November 6th with your Trading Trainer web log. We are your home of market insights for the serious options trader. This web log will cover the events in the market from this past Friday and last week as well as prepare you for watching the market tomorrow and for the upcoming week.

The week ended with some breath catching by the broad market. That is perfectly healthy for a rally. We saw price go flat on very light volume.

What’s really exciting with respect to the broad market is our weekly charts. You know team, you can apply the counting method to determine a market bottom to more than just daily charts. Take a good hard look at the weekly charts. Yes indeed, we have satisfied the counting method to determine a market bottom with respect to the weekly chart. That’s big.

Now, many can argue that the downtrend wasn’t long enough to make satisfying the couting method significant, but take into account that we also have reached our stretch goals for the week and I would say we are on a strong bullish footing.

Let’s see if we can’t maintain this momentum in the upcoming week. Still trading cautiously.

My Techne January 55 Calls closed down with a bid price of $2.25 per option. I’m drawn down by 63% into my initial investment after 31 days. My Apple January 55 Calls closed down with a bid price of $8.60 per option. My return on invested capital is 76% after 15 days. My Google January 350 Calls closed up with a bid price of $51.10 per option. My return on invested capital is 93% after 9 days. And, my Southwestern Energy December 70 Calls closed down with a bid price of $5.50 per option. I’m drawn down by 30% into my initial investment after 2 days.

Here is my recommendations team. Watch on Monday for the market to maintain those stretch goals. You want to get a good feeling how the investors have returned from their weekend.

For me that is going to take all Monday to figure out.

Okay, team. I’m done.

Till tomorrow, happy market watching, trading and money making. Trading Trainer is here helping you create your dream lifestyle.

Best regards always,
A.J.

Click on the below play button to hear the blog as an audio from A.J. himself!

Do you want to learn option trading? Full time options trader, A.J. Brown, reveals option trading secrets in his daily audio / video newsletter that are guaranteed to make you massive profits in less than 30 minutes a day. Visit TradingTrainer.com now.

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