Market Overview

Markets Find Footing On Fiscal Cliff Discussions

 


Broader Market Weekly Performance:


Dow -1.8%


S&P -1.5%


Nasdaq -1.8%


Russell -2.4%


 


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MARKET UPDATE:


The market roller coaster is back! See the video below for what happened this week and what it means going forward:



 


Here is a recap of November's performance for the BookingAlpha Trading Services:



 


 


Here is a recap of October's performance for the BookingAlpha Trading Services:



 


Navigate wisely and stay profitable, my friends. Happy trading!


 


Check out my latest interview on Benzinga and TraderInterviews.com


 


 


BOOKINGALPHA UPDATE:


Monthly Trading Service Commentary:


This week we roll adjusted to of our spreads further OTM to preserve their safety and manage the risk. The adjustments rolled down the spreads to lower strikes for debits. The debits were less than our initial credit received for the spreads and we therefore still have net credits for the adjsuted trades.


 


We continue to improve our site functionality and have now listed Open Trades on the website. In a separate window, login to www.BookingAlpha.com and then click the link below to be taken to the Open Trades Page.


 


*You must be logged into BookingAlpha.com before for the link will work


 


 


Weekly Trading Service Commentary:


With the markets continued decline we were forced to roll our Nov16 bull put spread out to Nov23 this week in keeping with risk management. We were able to receive an additional credit for the adjustment while also reducing the risk - the best of both worlds.


 


We also used Friday's volatility to open an additional bull put spread for Nov23.


 


We continue to improve our site functionality and have now listed Open Trades on the website. In a separate window, login to www.BookingAlpha.com and then click the link below to be taken to the Open Trades Page.


 


*You must be logged into BookingAlpha.com before for the link will work


 


Check out the BookingAlpha Trading Record


 


Check out my latest interviews at TraderInterviews.com & Benzinga:


 


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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Economics Markets Trading Ideas

 

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