Well, the cat's out of the bag and we all know Bernanke has a press conference at 3pm and, since the rest of the Government is shut down – there will be much more attention than usual on the Chairman so it's no surprise (or it won't be in 7 hours) that the markets once again popped (will pop) into the close as AAPL breaks (will break) over $500 to lead the Nasdaq to another closing high.
Already this morning we made a very quick $500 per Futures contract going BULLISH on oil (/CL) at the $101.50 line. If you want to play along at home and are too cheap to subscribe to our Member Chat, you can still follow us on Twitter (soon to go public and boost our GSVC pick!), where I put up the occasional trade idea – including this mornings $500 in 3 hours trade on oil.
Those are simple, no margin ways to play the moves but, even if you don't like options, you could have played USO (the oil ETF) down from $39 to $36.50, which is still a nice 6.4% gain in 2 weeks (161% annualized). This is good stuff folks – even if you don't understand these trades now, don't you think it's worth a little of your time to learn to?
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