With all this talk of end of quarter, I decided to take inventory of my summer stats.
I started off with another UTHR opening gift. I have also shuffled a few more positions around. Perhaps that is a warning sign, as nearly all expansion is followed by contraction.
Well, I haven’t given any back after yesterdays positive day. I shuffled some positions and received another gift.
With the number of lawsuits against businesses increasing each year, business owners need to be prepared to handle potential problems as they arise.
Last Night I pulled out a chunk of money from my acct for Sept/Oct living expenses. Many of my trades popped up in value, and I put on a primo trade this morning.
My overall feeling is that we are going up. Quad Witching took place last Friday. The Mutual and Hedge funds have capital available to them with the expiration cycle. Now that the market broke above the consolidation range.
Overnight there was a 6pt SP gap down. Although not much really happening. The market seems to be hanging around even or down slightly.
Not that the market has broken key resistance levels in the indexes. The market moved strongly to the upside after the open. I have to come up with better directional strategies.
The eagerly awaited LEH earnings report was very good. The Market it up off the open. The Fed report takes place around noon. We will see what happens.
I very much enjoy preparing for my week on Sunday morning. As I preview my week it is 45* and a bit misty outside. The market is pumping up some front month option premium. There are some good Oct/Nov calendars out there. The Fed announcement is a potential catalyst, although I don’t see any positive with announcements.