Holding Into the Weekend

Heading into the weekend, there is nothing very bearish to say about the market and its components.  Pullbacks are shallow and volatility is hitting a 5 year low.  I will continue to take a bullish trading approach and hold my HD and IWM calls over the weekend.  The market is very quiet, especially for an expiration Friday.  While many want to sell on quiet days, there is an old adage in the market that typically holds true.  Never short a quiet market.  We will see what the coming week brings.  This week, the HD and IWM trades overcame the RIG gamble.

Have a great weekend!

Jeff

 

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Posted on January 18, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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