Fiscal Cliff Deal Sends SPX Trade Up 1117% in One Day
By: Matthew Whiz Buckley
In today’s Market Situation Report TGO’s primary Model Portfolio Manager, Matthew ‘Whiz’ Buckley debriefs the bullish double vertical on SPX and bearish double vertical on volatility (VIX) that explode to max profit yesterday based on the fiscal cliff ‘resolution’.
He briefs how important jobs numbers reported by ADP this morning and official unemployment numbers tomorrow could also move the markets and he also covers why he believes the markets will move sideways for the rest of January and gives a preview of the next potential train wreck – the debt ceiling ‘debate’ in February.
With Q4 earnings set to unofficially kick off next week with Alcoa (AA), this is a perfect time to be trading options or to learn how to trade options. You can take a test flight of TGO’s trade alert and live trade brief services by following this link –
Get airborne today. Trading is combat. There’s a winner and a loser and it’s time for you to be on the right side of that zero sum equation
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