What Can I Say About the Market Today?

I start off this post not knowing what the heck to talk about.

What can I tell you that you don’t already know, ever-evolving super-intelligent blog-reader?

It’s tough to say. I can’t even give you banterings of me making tons of money or losing money. The truth is right now I’m playing a pharmaceutical company. So far it’s doing good, rising six percent in six days.

I wish I could have played the option, though. But sadly there wasn’t enough open interest on the damn thing (only 3o contracts volume and 30 contracts in open interest. You can’t recommend that to over 400 people!)

And now I have another good stock on my radar screen. Thankfully, I’ll be able to play a freaking option on it. Shockingly enough ,it’s another call.

I already have a stock shorted and another that does well when stocks fall. So I’ve got my downside covered but my upside – until just a few days ago – wasn’t.

In this market, I’m looking to stay balanced. I think the fed is going to signal an end to rate cuts tomorrow. And that should spook the market a bit. But then again who knows.

Either way, if the market does start pushing down this week, then I’ll be able to see how my call candidate performs. If it does well, I’ll probably jump in feet first.

It’s a tough market, that’s for sure.

I’ve found at times like these the best coarse of action is to not get caught up in the ever-evolving schizophrenic emotions the markets can put people through.

In fact, I’ve started listening to more and more music lately. You see, I’ve been in music since i was in 4th grade. I LOVE MUSIC. Not only that, but it helps me keep my emotions under control. If the song is calm, i stay calm. So the trick is, listening to calm music between 8:30AM to 5:30PM.

With that said… I know you all love music. So tell me what you like or love. Tell me what inspires you to play the markets or songs you love for good days and bad ones.

I’ll make it a point to post those songs up in this here blog, when the moment suites it.

Have a good one!