Job one on Friday will be to watch what happens with the blue chip stocks and the broad market in light of Thursday's price declines.
(I could call it a "selloff", like so many in the financial media do, but every sale has a buyer, so I'd be equally justified in calling it a "buyoff".)
There are no economic reports of note being released on Friday, and traditionally Washington, D.C. reserves Friday announcements for things it really wants to hide. So there should be little news outside of earnings announcements to drive the market's movements.
Headline from Cramer's TheStreet.com: "China Kills Stocks". Maybe. But China is also a major holder of U.S. Treasury bonds. The price of the long bonds was up (i.e., interest rates were down).
February options expire in 28 days, March in 56, and April in 84. I'm trading April options for any outright put or call purchases (which I generally don't do). For the various multi-option constructions, I'm trading February expiration.
No comments:
Post a Comment