The Best Time To Trade Options!

THE WEEK
This week the tech sector will be rolling out their Earning Announcements at a furious pace. Last week it was more of the financial sector reporting. For the most part the announcements exceeded the estimates. The Market went up in the early art of the week and then did a little pull back on Thursday and Friday.

The VIX is a reverse indicator measuring the mood and confidence of traders. Here is a look at the past three years. When the price is high, traders are very nervous and fearful of their positions. Now the price is the lowest it has been for years and the Market is looking better than it has in a long time with many stocks seeing 52-week highs. Money has flowed back in as traders gain more confidence.

LOOKING AHEAD
The only wrecking ball I see right now occurs on Wednesday at 2pm Eastern. The Feds (FMOC) will announce whether they are hiking up interest rates again. That could cause the price action to either jump up or go down hard. I don’t believe any reaction we do see will last long because the mood of traders is good. There is an expected bump up for interests rates so no bug surprises there. This is the week I start many of my positions for the quarter. So, stay tuned. I think we are seeing the start of a small upturn in the Market.

HOW AM I DOING?
I am still having discussion with Charles Schwab as they want to drastically change my trading status to professional trader with heavy month fees attached. I did a little trading this week and started a long term position on DLTR. This coming week is when I will start trading a little heavier. My gains for Week One of the eight week Quantum trading sessions was only 1.5% which just matches the Market’s performance. But watch out this is the week where I step it up as we work our way through the major earning announcements.

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