Market Astrology:Can Facebook Bailout California?

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

By Karen Starich

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

I wrote to my subscribers beginning on April 8, 2012 to be very mindful of three very critical dates: 4/19, 5/3, and 5/18, and to watch for a setback in the financials. I also warned that there could be default worries regarding California that would most likely hit the news in May and potentially unravel further in August. So far these dates have proved to be significant as we have watched the markets fall from their April highs with the financial sector leading the way.

Tomorrow is the final critical date, and I find it ‘maybe' not so coincidental that Facebook is launching it's IPO on May 18th. Is Facebook about to bail out California? This is perhaps not such a wild idea, and could be the reason the IPO date was moved up from June, as news reports suggested earlier in the year. California is cash strapped at the moment, to the tune of $16 billion. Perhaps California needs an injection ASAP before the dreaded earthquake (that would be ‘financial earthquake') hits the beaches of sunny CA.

The markets could be up tomorrow along with the surf in California, but the sunny days may not last too long. There could be another very harsh setback just around the corner, so be very careful!

The following is by Karen Starich, who uses astrology to forecast events in the financial markets. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars. Next webinar this Sunday!