Stock Market Blog -Oct 12th

The market continued to sell off this week, with large swings in both directions. Maybe we'll see a double bottom in the S&P500, and get a bounce next week, as we approach October Options expiration on Friday, and also approach a support level from the drop we saw in August. Earnings season begins next week, so we could see some added volatility.

Options Implied Volatility is at an elevated level, which presents an opportunity to sell premium.




New all time highs:     
All time lows:   
Pops:        Drops:  TSLA, 
Next week:  Economic reports,  Fed meeting minutes, 
Earnings:     
C, JPM, WFC

This week's charts:
Natural Gas was down a bit
Gold was up, finally -it made it back over 1200
The 30 year Bond was up -surprise!
The US Dollar was down a bit

NEWS:




Posted by 123Trader

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