This is my journey to financial freedom as an options trader selling weekly options. My trades are based on my assumptions as a novice trader, so follow at your own risk.
FAQ: 1) You can use the search function to check the chart for the SPY according to the Month & Week. eg. DecWk3, JanWk1, etc.
Wednesday, 20 February 2013
FebWk4 - SPY Market Summary (19.02.2013)
FebWk4 (Tuesday) market trading day was slightly bullish at the beginning, and slowly the market crept upwards. It's quite a decisive movement to say the least. Last week's trading was a little uncertain, with trades moving sideways for almost the entire week.
At the moment, the market is still very bullish, and the trends from the ichimoku charts seem to indicate that it is that way - very bullish. How long will this trend be? Well, who really knows.
But that said, I am looking for a Call Spread for the SPY tonight. Hopefully I will be able to find something nice. :)
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