It was a WILD and PROFITABLE month of trading in October!
Not everyone can say the same, as most traders were whipped all around by the market, resulting in heavy losses.
But not for members of the SharePlanner Splash Zone!
Instead it was an opportunity to add another $6,900.23 to the portfolio.
While the S&P 500 was just trying to make it back to break even for the month, SharePlanner increased its returns on the year to +24% with $48,551 in profits.
See for yourself:
It all comes down to managing the risk - aggressively booking profits of my short trades earlier in the month when the market was dropping, and letting winners run to the long side when the market was bouncing over the last 2 weeks.
And you can see that throughout 2014, I have been consistent about profiting in any and all market conditions - you can check out my past performance here.
So rid yourself of the services that don't post their past performance, or more likely went into hiding this past month. In the SharePlanner Splash Zone, I am here to bring you through the toughest of market conditions profitably; to share my experience, the lessons learned, and all my trade setups each and every day the market is trading.
By signing up today, you will get a Free 7-Day Trial to the SharePlanner Splash Zone that you cancel at anytime. You will also get all my trades sent to you via email and text (international too).
Economic reports due out (all times are eastern): Personal Income and Outlays (8:30), Employment Cost Index (8:30), Chicago PMI (9:45), Consumer Sentiment (9:55)
This week's Google Hangout: Going over the major market indices, my current trades in $AAPL $RAX $INFY $GPS $MS $BLMN and trade setups in $QIHU $INFA $CRM $BIDU $JNS
Here's the video:Read more...
Economic reports due out (all times are eastern): GDP (8:30), Jobless Claims (8:30), Janet Yellen Speaks (9), EIA Natural Gas Report (10:30)
Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market conditions improved somewhat further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing. Household spending is rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Inflation has continued to run below the Committee's longer-run objective. Market-based measures of inflation compensation have declined somewhat; survey-based measures of longer-term inflation expectations have remained stable.Read more...
The Daily SPRI has been on a tear of late going from one extreme to the bullish extreme in less than a week.
But that is understandable considering the fact that SPX has rallied about 165 points since the lows on 10/15.
But now we have the Fed's FOMC statement coming out in less than an hour and it has the potential to ruin the progress the bulls have made this month in keeping SPX in the green.
Here's the Daily SPRI:Read more...
Economic reports due out (all times are eastern): MBA Purchase Applications (7), EIA Petroleum Status Report (10:30), FOMC Statement (2)