Tuesday May 11th Market - Day after the huge Run UP !!! | OptionsANIMAL

Tuesday May 11th Market – Day after the huge Run UP !!!

May 11, 2010 / OptionsANIMAL

When I think about why the market moves I remember a “catchy” little phrase. Fundamental’s trump Technical’s, BUT Sentiment trumps ALL !!!

Market Street
Image by glennharper via Flickr

I would expect the market to give back some of yesterday’s gains. It probably should not slide down a couple hundred points because the fundamentals do not call for that big of a drop. But, don’t forget sentiment moves the market big, especially if we receive more negative news in Europe. Look for a bit of profit taking today but also look to see if levels of support hold today for individual stocks.

We will see some profit taking where people are not really willing to let positions sit overnight with the market volatility we are currently seeing. Look for another down day Friday even if we do see great economic reports. Too much may happen over the weekend for trend traders, momentum traders or day traders to keep anything in the market. We will see if big money sees the current levels as buying opportunities. In the education here at OptionsAnimal we teach the Covered Calls or Collar trade, maybe a Strangle, Straddle to take advantage of this type of market. Thursday has the job reports and Friday has a few reports that will move the market one way or another. Don’t forget to watch Europe for any comments on the bailout plan to see if there are any comments that will push the market down. At this time restructure the collar or reset positions to allow you to weather this storm.

OptionsANIMAL Instructor

Options Trading Resources

option course * options trading seminars * beginner investor * trading tools * options trading firms * options trading class

Enhanced by Zemanta
Posted in

OptionsANIMAL

Join 500,000+ Investors

Get the latest class invites delivered straight to your inbox.

Our Students Love Us

Excellent
OptionsANIMAL4.9
Jim Jackman
5 years ago
I have been with options animal for a couple of years now. I was previously trading options with varying degrees of success but with no real understanding of what I was doing and whether or not it made sense. Options animal has given me a grounding that I needed to begin to manage my portfolio and understand the trades that I'm placing. It's training has helped me replace "greed and gambling" with common sense It is giving me an understanding of the options market. All of their instructors are excellent and it is a great virtue that they have and explain different approaches to the same lessons. I always find that I learn best when I review the same materials from different competent sources. Option animal provides that in great measure. In my opinion it is well worth the investment and I continue to look forward to their programs and trading analysis.
Anthony Hyde
5 years ago
If you are serious about learning options, this is the place to be. I got interested in option in late 1990's. I saw that you could leverage a small amount of money to make big money. Went in with a mind set of "get rich quick" attitude, that was a mistake. Did not touch options again until more recently. Thank goodness I found OptionANIMAL. I was skeptical but felt like I needed to learn more before giving it a try again. Glad I did because I learned a lot and continue to do so. To be successful you must put in the work and have a plan. OpttionANIMAL was the help I needed with material and teachers who were eager to share their knowledge. Here I was able to learn from the courses how to avoid all the most common mistakes, how to allocate your portfolio when making a trade, how to adjust a trade and much more.

I can’t say enough about the teachers and how willing they are to help you learn and set you straight. They are all different and have different perspectives of how to handle and analyze the market. Each one brings different knowledge and experience. If you are willing to put in the time and effort you can up your game. There are no guarantees, but you want to make sure you hedge your knowledge to be on the right side of the trade.
Scroll to Top