Trade Update – Take your time on the bottom spreads

The ISM manufacturing index number came in better than expected, rising above 50 for the first time since the beginning of the recession.  A number above 50 tells us that manufacturing in the US is now expanding.  However, because we are getting into September that has a reputation for being a weak month for stocks, and that recent commentary/blog posts have been very negative, the market is looking for any reason to take profits.   Thus, we now should have several more opportunities over the next 1 1/2 weeks to continue to open our bottom option spreads….so take your time in collecting them.

by Brad Reinard, Editor-in-Chief, www.monthlycashthruoptions.com