Day Trading – The Bullz And Bearz

Options Expiration Week – Here Comes Uncle Volatility

February 16th, 2009

As well all know too well, options expiration week can be flat out mess for a market trying to gain it’s footing and rally. Depending on what economic and/or stimulus news we get should really set the direction or this week.

 

 

 

 

 

 

 

 

Again, I remain convinced that until we breakout of this trading range on the S&P, we will just bounce our heads against the wall trying to pick the next move. It’s always better to wait for the right set-ups than to waste money picking bottoms or tops. Here are the updated S&P intra-day resistance and support targets for tomorrow.

 

On a side note, you can see that the Coaching page is now updated and complete so please take a look at it when you get time. It’s only been online for less than a day and I already have two people who signed up! Talk about determined to become successful!

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