Wild Week Ends Right Where It Started

Friday Focus for Stock Options Traders at Option Millionaires

In broken record like fashion,  and not the broken record as in new all time stock market record high record, but those old vinyl records that used to break - creating a skip that would repeat the same thing over and over and over and over again and  again,  as I have run out of ways to describe this phenomena, the market closed the week right about where it ended it last week.  Stunning?  Expected?  The new normal?  It's 2015.

It was a tumultuous week, but over all, stocks remain only temporarily affected by the external headwinds of the day.  When everything is said and done, prices always seem to revert to their previous levels, before lifting to new record highs.

As JB has noted and wrote about previously, ignoring the noise is a great way to get into trades and profit amid the constant fear mongering.

Tune out the noise

Had you stepped away at last weeks close and returned today, you would have thought nothing had happened.  Greece Debt Crisis and looming ejection from the Eurozone?  How about China's Stock Market "crash"?  The NYSE was shutdown for hours?   It was all noise intra-week that led to some tremendous moves.  At the close on Friday we returned right back to where we started.

If was a contstant week of bounces.  Stocks found support at a key level and continued to bounce from there.  Finally today stocks broke out for a nothing but net conclusion.


We have earnings starting to heat up next week.  I'll have some earnings previews, historical data, charts, videos, and more.  First the week ahead this weekend.  Enjoy!

Come dribble the ball around the optionmillionaires community this coming week.  Live audio throughout the session and a great team of traders working to profitably navigate these volatile markets.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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