Watch for volatility as news hit!

Small caps moving up alongside large
caps. More movement to the market today.
Be prepared for anything, as news may
bring volatility. Looking for bullish
movement indicators. Get the latest at
TradingTrainer.com.

Hey trading team,

This is A.J. on Thursday, September 29th with
your Trading Trainer web log. We are your
home of market insights for the serious options
trader. This web log will cover the events in the
market from today as well as prepare you for
watching the market tomorrow.

Well team, despite all the oil woes, today the
markets flexed their muscles. We saw some
nice performance from our small caps
especially. The small caps were the ones that
were lagging in the first half of the week behind
the large caps that were slowly building back up
– the bull coming up the stairs if you will. So,
although the newspaper article writers and even
some analysts are surprised by today’s action,
are we, team? I hope not. We have been
watching the technicals all week and I’ve been
saying, when we see price gap up an average of
1% among the indexes on heavier volume, we’ll
know that the market is ready to make another
bullish run of things. In fact, with the DOW and
the S&P 500 stretching up above their levels of
resistance, the DOW moving up above its 200
day average once again and the NASDAQ and
the S&P 500 moving up above there 50 day
averages once again… we seem to have passed
many of the short term tests I had put out there.
I have immediately bumped the bias up to
neutral today. Now we’re looking for some
more conviction like Chaikin and MACD
crossing and long trends. Keep your eyes peeled
team. Be ready for anything.

Team, we know we are in the fall season... we
have a healthy chunk of news being released
tomorrow morning to end the week on.

The bid price of my Autodesk November 45
Calls closed up at $2.50 per option. My return
on invested capital is 32% after 2 days. The bid
price of my Joy Global November 50 Calls
closed up at $2.10 per option. My return on
invested capital is 5% after 2 days.

Team; today we saw some respectable gains on
heavy volume. The question is, with all the
domestic disarray happening, can the market
follow through on today’s gains. And with the
news being released tomorrow morning, there’s
bound to be some volatility. Besides setting
some exit rules on my own positions, I think for
me, tomorrow will be a day to sit back, watch and
enjoy the show.

Okay, team. I'm done.

Till tomorrow, happy market watching, trading
and money making. Trading Trainer is here
helping you create your dream lifestyle.

Best regards always,
A.J.

Click on the below play button to hear
the blog as an audio from A.J. himself!



About the Author
A.J. Brown is a full time options trader, author,
speaker and consultant. Watch him review stock
charts on video each day, listen to his audio
newsletter where he leads you by the hand
through the end-to-end process of successful
options traders and get tips and tested strategies
proven to boost your return on your invested
capital by massive amounts in his membership
site at TradingTrainer.com today.

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