Were The Markets Open on Monday?

open-sign

On Monday the markets couldn’t find anything negative in Europe and on very slow volume they rose for the second straight day. After the huge world rally on Friday it appeared the markets were looking for a reason to relax.

An interesting divergence occurred Monday as both the DJIA and the US thirty year bond both rallied. Many analysists pointed to the German auction of short term notes that were very oversubscribed. The auction   pushed the two year note to a negative value for the first time in history.

The Euro which had advanced against the dollar late last week wasn’t able to continue with the tail wind and gave back about ten percent of last weeks rally on very light volume.

Ben Bernanke appeared before the Senate banking committee for the second time in less than a month to give an outlook on monetary policy. He commented that the road to reaching a better unemployment level was still “frustrating slow” and reaffirmed that the worlds Centrals banks are ready to take any action necessary to aid in the recovery.

We are now in the dog days of summer. The past two years have proved that the market can get active at any time of the year, but historically August is the quietist month of the year, and it is starting out this way in 2012.

The next couple of weeks may be a time for observation, but what do we do if the markets suddenly take off in one direction or another?

No matter what happens the market must leave a footprint and the track will give us the clues we need to take advantage of the opportunities that it will present.

I teach my students how to take advantage of any opportunity.

My method of trading is simple and takes less than thirty minutes a day to make sure that you are ready for the market to move.

I have taught scores of students how to convert opportunity into profitable trades.

To contact one of my financial consultants, and work with me one on one, go here:

http://averagejoeoptions.com/tosqual/

As Always,

Keep those stops tight.

Todd “Bubba” Horwitz

P.S. We run the fastest growing online options community. With weekly webinars and a very energetic forum, my team and I are always looking for great risk/reward opportunities. Click on the link below and become a member of my community today.

http://averagejoeoptions.com/tosqual/

— Todd Horwitz