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Stalled

Market movement has stalled as the investment community debates the likelihood that the FEDS expected stimulus will boost economic uncertainty.  Today's trend started out on  a positive note as Initial Claims data came in better than expected and headlines read that the labor market is stabilizing.  The uptrend soon faltered on earnings data, but the reality remains that uncertainty is restraining the uptrend.

The stagnant to bullish trend remains intact and is reflected in last Friday's weekly trades that are set to maximize reward tomorrow.  The SPY Iron Condor and a BIDU Bull Put worked as expected.  In addition, Octwk5 trades from the Saturday CTM webinar, an AAPL Iron Condor has remained within a defined channel as has support levels for an AMZN Bull put. 

With next weeks Election Polls about to determine what 2011 will bring on the political front and Bernanke and company releasing a policy statement we may see the stalled markets find a trend, the direction yet to be determined.  SPY Puts can be used to effectively hedge portfolios and the daily volume suggest that this is indeed the case as action shows high activity on Puts.




Disclosure: Positions are identified in the blog