December 22, 2008

Market Review and Commentary for December 22, 2008

DISCLAIMER: These are trades I am doing and may not be right for
you. Use your own Due Diligence when making financial decisions of
your own choosing. This is NOT a recommendation of any security.
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As I mentioned in the Mid-Market Update today the market was ready to plunge and we did- at one point the DOW was down 179 Points. It rallied back, but it’s too early to tell if it will hold or not.

I have no clear indication on the VIX which way the market may go.

Volume is extremely light and, as I tried to navigate the SPY yesterday got whipsawed more than a few times for small losses.

It’s best to stay out of the market and go back and review the Core Training or read-up on options if you’re still relatively new to them.

If the VIX stays at lower levels in 2009 (between 20 and 45) – which I believe it will, then we are going to be getting into to monthly trades starting in January. The last few days brought the VIX down to reasonable levels so it should be good for the type of monthly trades that we do.

HOLIDAY SCHEDULE: I will be doing fewer posts during the Holiday’s to spend time with family and friends. The markets are relatively calm and un-eventful during this period, but if something exciting is about to happen I will certainly update you ahead of time.

There will be periodic posts these next two weeks so please continue to check this page.

I will resume Daily Review videos on January 5, 2009.

HAPPY HOLIDAY’S TO YOU AND YOURS!