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Stalled Market On Mixed Volume

The Fed raised rates another quarter point to 4%. Verbiage accompanying the rate hike was nothing new. The market stalled. Volume was mixed. What’s the broad market trading bias? Watch if the indexes maintain above key levels of support. 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 Tuesday, November 1st 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.

Well team, the fed raised rates today and will continue raising rates at a measured pace. So, there was no new verbiage. The market was stalled all day waiting for that, and then, for the most part it stalled the rest of the day. Volume was mixed not telling us anything.

Team, our big test of the week is, can the indexes hold above those key levels. For the DOW, we’re talking about 10,400. For the NASDAQ, we’re talking about 2,100. For the S&P we’re talking about 1,200. Till we see that, we will continue to trade the Neutral / Bullish trading bias emphasizing more the Neutral and less the Bullish.

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 28 days. My Apple January 55 Calls closed flat with a bid price of $6.00 per option. My return on invested capital is 22% after 12 days. My Google January 350 Calls closed up with a bid price of $43.50 per option. My return on invested capital is 64% after 6 days.

Here is my recommendations team. Look for the indexes to maintain levels above those price milestones. Tread lightly till that level of support is tested and holds strong. Be prepared to take profits in your own portfolio should those levels be breached.

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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