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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart for a morning move. Today is now Thursday and there was a big sell off in the markets yesterday. Tesla sold off for example and here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned in recent blogs are not a good time to be purchasing one day options on stocks that expire the next day. Times change. In less chaotic times that's not always case. In the last few years there would be known upcoming Friday morning events like the release farm payroll numbers or other economic readings that would move the needle on the markets going up or down on on a Friday morning. In those markets it paid to get into option positions before the closing on a Thursday to get out on the Friday morning bounces were caused by the release of these premarket reports. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch o...
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July Movement - One Week Action - Catching One Of These Moves And Staying With It

Quickly check out these six different five day charts amd look for a common theme.
Talk about a game of snakes and ladders! Was there a theme to the price movements of most of these stocks? Yes, with most of these stocks, the directional moves that happened on Thursday continued on over into Friday. Looking for one day reversals on stocks on Thurday afternoons and also going into Friday would have being a mistake. We are enjoying strong markets and this is the outcome of strong markets.These are not normal times.

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