Option related trading ideas:
I say get on the sideline and let the market run into next week. The 4 horsemen, are gonna score big. (AAPL.... ahhhhh maybe, maybe not). But imo, the safest place to be right now is on the bench. I don't trust this market, we've seen some good earnings but as an aggregate, its overvalued. One piece of bad news and .... bam
That being said, don't fight the trend. I hope it goes much higher, and I'll miss the run, but I'll be keeping my powder dry for the big short. Its like a rubber band.
IMO The market is just going to churn through next week with an upside bias. Very difficult for option traders to make money, at least the way I trade. Others may have different opinions. I abhor these time-frames and all the media BS that goes with em. I'm sure CNBC will have a little countdown clock in the lower right corner for the big GOOG and Amazon release. Gotta build that hype.
These markets are being fueled by funny money from here and abroad, not fundamentals. Millennials with college degrees are lucky to get $15/hr jobs unless they are tech geeks. High school degree.... forget about it. Curl up and die. Smoke crack. Have kids. Hillary cares, she'll fix it all and make it better for you. Right. And I don't think Trump has a chance. Read: more uncertainty, more divisiveness, more funny money.
I guess if you have to make a trade..... buy calls on the SPY. Join the ponzi party,.... there are good stocks out there....but I'd sit by an exit door.....cause where there's smoke.....there's the Fed.
________________________________________________________________
"Are we're rollin downhill like a snowball headed for hell...(?)
With no kinda chance for the flag or the liberty bell?".
Gotta love him. But that was 1982 and we've done OK. So who knows. And it was a question. Perhaps Merle was just early. Sure looks like it. G/L
