At least we can count on one thing . The markets are fixed, rigged, gamed, manipulated AND propped up by the Banksters and their pet Government - what can possibly go wrong? Nothing if you know how to play the game (and, sorry bottom 90%, but this game can only be played by people with margin accounts to keep out the riff-raff) . That's why, last Thursday in our Live Member Chat Room, I was able to say : S&P better have support at 1,905 on /ES, which is 1,910 on the index, which is $110 on SSO and you can buy SSO Aug (next week) $109/111.50 bull call spreads for $1.45 with 72% upside potential on a very small recovery next week. A good upside play if you are too bearish or want to lock in bearish gains. For those of you not lucky enough to be a PSW Member ( and you can join here before the rate increase ), I even mentioned the trade in the next morning's post and SSO was still under $110 that morning. Today is August expiration day and that contract should pay the full $2.50 for a nice 72% gain in 8 days – nice work if you can get it. More importantly, we reviewed our Member Portfolios yesterday and our Short-Term Portfolio is still at $129,916 while our Long-Term Portfolio is at $598,115 for a total of $728,031, which is up $8,000 (1.1%) since last Friday and up a combined 21% for the year off our virtual $600,000 base for our main Member Portfolios. As I mentioned last week (and the week before and the week before) – it's all about BALANCE. Balance and following our strategy of BEING THE HOUSE – Not the Gambler . Selling premium and staying balanced allows us to grind out a steady profit in most market conditions. We don't HAVE to guess which way the markets are going – plays like SSO are just a bonus, nice though they may be. So sure, the stock market is …
At least we can count on one thing.
The markets are fixed, rigged, gamed, manipulated AND propped up by the Banksters and their pet Government - what can possibly go wrong? Nothing if you know how to play the game (and, sorry bottom 90%, but this game can only be played by people with margin accounts to keep out the riff-raff). That's why, last Thursday in our Live Member Chat Room, I was able to say:
S&P better have support at 1,905 on /ES, which is 1,910 on the index, which is $110 on SSO and you can buy SSO Aug (next week) $109/111.50 bull call spreads for $1.45 with 72% upside potential on a very small recovery next week. A good upside play if you are too bearish or want to lock in bearish gains.
For those of you not lucky enough to be a PSW Member (and you can join here before the rate increase), I even mentioned the trade in the next morning's post and SSO was still under $110 that morning. Today is August expiration day and that contract should pay the full $2.50 for a nice 72% gain in 8 days – nice work if you can get it.
More importantly, we reviewed our Member Portfolios yesterday and our Short-Term Portfolio is still at $129,916 while our Long-Term Portfolio is at $598,115 for a total of $728,031, which is up $8,000 (1.1%) since last Friday and up a combined 21% for the year off our virtual $600,000 base for our main Member Portfolios.
As I mentioned last week (and the week before and the week before) – it's all about BALANCE. Balance and following our strategy of BEING THE HOUSE – Not the Gambler. Selling premium and staying balanced allows us to grind out a steady profit in most market conditions. We don't HAVE to guess which way the markets are going – plays like SSO are just a bonus, nice though they may be.
So sure, the stock market is…
