Whipsaw Wednesday – Bernanke Bounce at 3pm

Oh sorry, I'm not supposed to say these things until AFTER they happen (Rule #1 of time travel). 

Well, the cat's out of the bag and we all know Bernanke has a press conference at 3pm and, since the rest of the Government is shut down – there will be much more attention than usual on the Chairman so it's no surprise (or it won't be in 7 hours) that the markets once again popped (will pop) into the close as AAPL breaks (will break) over $500 to lead the Nasdaq to another closing high.  

Already this morning we made a very quick $500 per Futures contract going BULLISH on oil (/CL) at the $101.50 line.  If you want to play along at home and are too cheap to subscribe to our Member Chat, you can still follow us on Twitter (soon to go public and boost our GSVC pick!), where I put up the occasional trade idea – including this mornings $500 in 3 hours trade on oil. 

Yesterday, also for free, right in the morning post, I noted that we were shorting oil at $102.50 and, since we were long on oil this morning at $101.50 – there's another easy $1,000 PER CONTRACT in 24 hours from one of our free trade ideas.  For those who don't play the Futures, we took advantage of the dip in oil yesterday to cash in our USO Nov $40 puts (also mentioned for free in a morning post) at $3.50 per contract, up $1.50 (75%) from our 9/18 entry.  

Those are simple, no margin ways to play the moves but, even if you don't like options, you could have played USO (the oil ETF) down from $39 to $36.50, which is still a nice 6.4% gain in 2 weeks (161% annualized).  This is good stuff folks – even if you don't understand these trades now, don't you think it's worth a little of your time to learn to?  

We're focusing on nice, boring trades in Q4 in our Member Chat as it's good to go over the basics – even with our experienced Members…