Overcast
At least that's what it felt like this week.
I still believe that the debt ceiling news is more political hand-waving than market mover.
But uncertainty breeds fear, which breeds selling. And that's O.K.
As an options trader, I'm a big fan of fear because I can become the insurance salesman and pull in plenty of premium.
And right now, $SPY options premium is running pretty hot.
Plenty to talk about with respect to this week's events, including:
- what really mattered in this market (hint: think $AKAM, $STEC, and $VPRT)
- how it's really easy to make the China bear case
- why it's importance to keep the market in context of its intermediate term trend
- some bullish divergences in $JJC and $DBV
- my favorite China internet stocks, including $SOHU and $RENN
- your individual requests, including $OXY, $HAL, $TRLG, $AAPL and many more
You can watch the video below.
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