Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
Doing ok...up for the week on my trades but will wait for the close to compare last weeks close on my over all portfolios...

Just sold SOXL at $135.50....

The thing to be careful about is that Friday job numbers come out and markets are closed so it will be interesting to see how markets react on Monday....

A very good number could send markets lower since the fed will look at raising rates early, but we know the fed is too weak and will continue to bluff throughout 2015 about raising rates....

Also Greece runs out of money April 9th but again no worries as the free handouts will continue for years and years.
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Would you recommend flat over the weekend then?
 
noddyboy said:
Good call again. Congrats. Must be a great week for you.
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Based on what, his trading seems scattered with no plan and he rarely talks about his losing positions that he holds onto. He'll announce a forecast on here then take the exact opposite position the next morning. The trades that work out he seems more interested in selling early so he can announce them on here, instead of trying to extract better value from the trade.
 
Rickshaw Man said:
Oh I get it....they release the jobs numbers tomorrow and leave the index futures open....now thats down right sneaky.
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Why they would release one of the biggest economic pieces of news while markets are closed is beyond me, you would think they would have released it today, Im sure the numbers are all in and ready to go since probably yesterday evening....so now job numbers come out tomorrow and by Monday everyone will be able to trade on that news 72 hours later, yep thats going to be fun. Im sure the markets will be either up or down 1% come opening bell, there will be zero chance of getting any chance of trading tomorrows job reports unless you get lucky and buy now like you did with futures or buy some ETF and wait 3 days to see where it opens.....aside from all that monday should be a very volatile day....
 
hajimow said:
what I do is I sell weekly/biweekly covered calls on TZA and get some money back if it goes lower or does not hit my target.
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I don't play with options, I should but I don't, as for TZA I'm sitting on a loss, break even for me is around $11.60 range, not worried, I see it coming back once the russel starts to fall apart and start breaking support, I know that ETF could really move, could easily jump 20% in a week if the markets were to fall 5%+ when the semis were falling apart last week I thought TZA would follow, it did but not as strong as SOXS did which I owned, TZA faded out as soon as I thought it was going higher....might touch new lows next week under $9.80, maybe Ill add some more shares then but until then Ill sit patiently and wait for it to jump back near $12.
 
Analysts expect an increase of 245,000 in nonfarm payrolls in March, with the unemployment rate unchanged at 5.5 percent. Average hourly wages are expected to increase 0.2 percent.

So based on these numbers if the report is above 275,000-300,000 with the rate down near 5.4% this will prompt all to believe the fed might raise rates sooner than possible, so given the estimate of 245,000 if the number comes in under 200,000 say 182,000 the markets are going to rally 1%+ on Monday considering that this means no rate hike at all and not only that but a higher probability that just maybe QE 4 is coming to an economy near you...

So a very high job numbers report with decrease in the unemployment rate = down market

A very bad report and markets will cheer as the fed will bow down once again to wall street and not raise rates and implement trillions more in QE 4
 
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