Written by admin

Good News Could Not Eclipse Inflation Fears

Retail sales increased in September. Oil dropped to a new low. But, inflation worries triumphed. Small caps dropped pulling the broad market lower. What will tomorrow’s employment report bring? If you can’t be an active trader tomorrow, sit the day out. 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 Thursday, October 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 today as well as prepare you for watching the market tomorrow.

Although retail sales picked up in September, and oil dropped to another low – this time taking natural gas with it, we still had fear of inflation bringing the market to close lower with small caps leading the pack.

What we saw today was a little different than yesterday and Tuesday’s distribution days. Yes today we had heavy volume, but the days close tended to close right smack dab in the middle of the day’s intra day high and intraday low. That means rather than the bears winning by a landfall, there was just about equal pressure from the bears and the bulls. That usually signals to us that a bottom has been hit. Of course, today was very weak on news.

Tomorrow we get our employment report for the month and that could be just enough news to send the market in one direction or the other. We’ll just have to watch and react accordingly to the behavior of tomorrow’s market.

Team, remember this from my book and from the teleclass… we don’t do our technical templates for the sake of doing technical analysis. There are tons of places out there that do that, teach technical analysis for the sake of technical analysis. What we are doing team is using technical analysis to see the behavior of stocks on our watch list and to see behaviors of our watch lists as wholes to understand the broad market.

We’re looking to understand where the big monies are flowing, what those institutional traders, those few people that control the most of the money being traded… we’re looking to understand how they are feeling and where they’re taking the market. By understanding these behaviors, the insights we gain will make us the best investors that have a leg up against everyone else.

You can only get this type of analysis here folks. Amazingly powerful. It knocks my socks off every day when I think about what we have going for us that no other trading community does.

My Techne January 55 Call closed down today at $3.50 per option. I’m 42% into my initial investment on this one team after only 2 trading days.

Team; tomorrow is a day of heavier news than today. The market movement will be unpredictable. It’s a good day, if you can’t watch the market real time, to sit out on the side lines because anything can happen.

I personally am trying to liquidate my portfolio again capturing as much profit that is available in the here and now. The market is giving mixed signals which makes me feel uncomfortable entering short positions at this time and being in long positions at the same time. So, I rather take what I can and then wait patiently.

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.

~> You may reprint or distribute this article as long as you leave the content, the links and the resource box at the end intact. <~

Categories: Blog

Leave a Reply




Video: Covered Call Writing  

Learn How to Write Covered Calls

In this series of 6 videos, I show you how to execute my covered call writing strategy from start to finish. Watch the first video instantly when you click for more information. Click for more »