Last week’s market action was remarkable in many ways beyond the major market indexes closing across key psychologically thresholds.
Give me a break.
It was virtually guaranteed that stocks were going to go up last week and that is exactly what they did. Friday’s powerful surge was a strong punctuation mark to a week of incessant guessing at a correction that never materialized.Anyone acting with such hubris thinking that they could predict the exact time the market would reverse course is ludicrous of course.
You can’t time the market, plain and simple, but you can still make money. This week is a holiday shortened week, but there are pockets of opportunity for those looking to pad their portfolios. For those of you not entirely paralyzed by fear, we’ll go out on the risk curve for some fast action option trades.
While everyone else is indulging in their turkey and trimmings, we’ll be building equity and perhaps a little extra spending money for the holiday season.
Here’s where I see the best opportunities: