OPTION PLAY: E-MINI S&P Should Trudge Higher
The E-MINI S&P should trudge higher as we head into the end of the year.
MY ANALYSIS
Fundamentally, we should see the E-MINI S&P move higher as we head into the end of the year. I heard on CNBC this morning that from Thanksgiving until the end of the year the MARKET has moved higher 70% of the time. Also there has been some discussion about the big fund managers sitting on the sidelines until the New Year as not to ruin their year-end bonus by over trading. I dont think that will happen, because these guys are greedy.
Technically, E-MINI S&P is in a beautiful SUPER-TREND indicated by 3 critical MA's. See daily chart below.
OPTION PLAY
We are buying January Calls as a secondary play in the E-MINI'S with protective PUTS in a ratio basis.
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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions and fees.
