I suspect the action will be very light in the stock market prior to Friday’s nonfarm payroll report. With the Fed giving the signal that they are about ready to raise short-term rates, traders will be looking for any signs of strength or weakness in economic numbers to give them clues. Expect volatility around these reports!
The news now geopolitically has settled down but you can rest assured it is simmering in the background. I suspect there will be very little warning of any flare up but keep in mind that it’s a concern if you’re a long-term or medium-term investor.
I am in a cautious mode now and most likely will stay that way until we get mid august. I have on my GLD position. I closed a medium term swing in options for a very small gain. In addition, I placed another short-term option swing yesterday as the pricing was very good.
I typically do not like to use options as the cost to me is substantially higher than trading the stock. On a 10 lot, I am looking at 24.00 in and out for options as opposed to 4.00 in and out for the underlying stock. But if the pricing is excellent and if I am looking to short the stock then I take a closer look at the options alternative.
Meanwhile on to more important things! College football begins in earnest tomorrow along with the NFL preseason wrapping up its last week before the regular season starts. We are 4-1 preseason on sides. In addition, it would behoove you to look at our record for the NFL and College Football spanning a 8 year period if you’re considering joining us for the football season.
I am around for questions and in addition, the pricing is under the PayPal option in the upper right. All have 3 day free trials.
Hope to see you join us!!!
Good Luck Today
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