The Week That Was For April 30th Through May 4th
This week can be summed up in one word: VOLATILITY.
The S&P 500 was higher for two days and lower for three days. The losing days lost -0.82%, -0.71% and -0.23%. The winning days made 1.28% and 0.25%
Last Friday closed at 2669.91 and finished today at 2663.42, so still a losing week.
The VIX began the week at 15.39 and closed at 14.77. This is the first close under 15 since March 9th when it closed at 14.64.
Next week is a busy one and look to our The Week Ahead out on Sunday night for what is in store for the week, besides earnings.
From our services, we locked in a 7.87% gain in Options Index Trader by selling the May $163 Call in QQQ and took the year to date number to 105.20%. There have been 5 winners and 1 loser, https://optionsindextrader.com/page/oit/subscribe/
We look to initiate new trades next week in Options Index Trader, Gold & Energy Options Trader and Superstock Investor. Year to date Gold & Energy Options Trader is up 130.95% with four winners and no losers, https://goldandenergyoptionstrader.com/page/geo/subscribe/.
Superstock Investor is up for the year 0.90% versus the S&P 500 being down -0.38%. We are only 58% invested and need to buy 5 stocks to get to 12 stocks. So next week we intend to add at least one new name to the portfolio, https://superstockinvestor.com/page/ssi/subscribe/
Key to next week is seeing follow through from today's action. Have a great weekend and get away from the screens as nice weather spreads across the country.