Day Traders Must Recalculate

Many traders with OEX Options are not familiar with our other service, www.bluechipoptions.com

A recent example of how we trade is: On 4/21 we took inventory in DJXEB May 80.00 Call, a then in the money call available at 2.00. We held this until 4/24, and sold it at 2.80.

The DJX, or the Dow itself, moves in almost direct correlation to the OEX and our Blue Chip service lists the tools for the experienced trader to pick their own option around our recommendations of support and resistance lines.

At OEX Options our alerts are so complete you have EVERY tool to analyze the market and can begin to follow how the other indices also track (DJX and SPX) and can "watch the entire market breathe" around the indices that drive it.

Traders that owned the May 440P were profitable to 15.50. Many traders took inventory on this the day prior while the upside gap was occurring. We'll still hold it as an open signal for potential market and still consider it a new buy at the right price.

Yesterday we saw classic flat lining again. If day trading it is imperative you recalculate both the Dow and OEX no later than 12 noon to find the "closer" moves for S1, R1, et al in a flat lining market that keeps being propped up.

The FOMC babbles today at 2.15 p.m. Whipsaw often occurs around the FED announcement, with typical euphoria on any good news that Bernanke is able to make out of his statement, and on any bad news as it is analyzed.

We also continue to see a potential run at an upside to our Dow projections again, before consolidation, but the market flat lining has us baffled, as the market does not respond to good news.

Swine Flu pandemic the talking heads say is affecting the market, and we've learned that BOA and C need more cash for safety.

Today we'll have a two way trade potential, noting the high risk to the straddle.

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Floydian Therapy:

❑ If you are really doing something you don’t want, but don’t know it, only your awareness of what you are doing (the witness) can help you discover the belief you have that isn’t serving you.

❑ When you really focus your mind you can focus on what you want, what you want to move towards, and create, OR on what you don’t want, which is when you are afraid, worried, stressed, or confused.

❑ Right now think of “not an elephant”. To do so you have to make a picture of an elephant.

❑ Any time you have a bad feeling, you are focusing on what you don’t want.

You can’t have a bad feeling without focusing on what you don’t want. You must notice what you focusing on.

❑ How many negative words do you use? “Not, bad, no, don’t, avoid”...you are obviously thinking about what you don’t want. Notice your internal pictures and thoughts.

❑ The hardest job is reversing what you have let yourself become. At first you are focusing on what you don’t want (unconscious incompetence), and you don’t even know you’re doing it. Then you’re doing it, and you’re aware that you are doing it (conscious incompetence), but aren’t doing anything about it, and then, you’re doing it (conscious competence), and really making progress, but you really have to work at it...and then, you’re finally NOTICING and instantly changing your focus on what you want, and it’s natural and automatic (unconscious competence).

If you are interested in learning more about Floydian Therapy:

Write me at : floydiantherapy@gmail.com
Sign up at: http://www.oexoptions.com/pages/FloydianTherapy.html