Although opening slightly higher this morning, the market has moved to the downside after the release of some troubling economic data. The jobless claims report showed a surprising (to some) increase of 12,000 claims or a seasonally adjusted 472,000 after three consecutive weeks of drops. The LEI (Leading Economic Indicators) showed an increase of 0.4 against an expectation of 0.5. However, the most shocking news of the morning was the Philly Fed Index coming in at a reading of 8 for June after a 21.4 reading in May. That is an amazing drop in manufacturing activity
AMERICAN OPTIONS TRADING
PLANET WEALTH
Planet Wealth US is an independent investment company that can help you achieve your financial goals.
We trade multiple different strategies in two 'portfolios': Options Plus and Protected Renting Stocks and we give you every opportunity to follow our success through three key elements:
Step 1. We provide you with the education on both of these strategies, through two E-Books that you can download immediately.
Step 2. You can then join the Trading Diary, where members have access to the exact trades we place on our account, using those two strategies.
Step 3. And best yet, through an exclusive service called Autotrade, you can even copy those trades onto your personal account - automatically! There's no need to even ring your broker or place the trade yourself - when our professional traders identify a trade, that is copied directly to your account, without you lifting a finger.
US Option Trading - Active Options
This strategy on the US market is done using Volatility and Momentum trading. It involves Short term trading, with an aggressive and active portfolio. It has the potential to return massive profits, but the risks are proportionate with the huge upside. Only requires a small investment and makes a great diversifier.
Renting US Stocks (Options) - Income
The focus of this strategy is basically to generate income! It's an easy strategy, that can generate great return and share selection process is a lot more flexible. A very effective and proven strategy however does require a larger investment then other strategies.
TRADING DIARY - Learn directly from one of AMERICA'S best Professional Options Traders
The Trading Diary is what we like to call our Trade Sharing Service. It is where we show you our exact trades in full detail, for all the trades we do, immediately as we do them!This gives you the opportunity to ask questions and learn exactly how and why we have placed that trade. We also monitor the trade until the expiry and will update you on the particular adjustments that may need to be made. Our clients have found this to be a fantastic service and as we mentioned before, it gives you direct access to Rob Roy, one of AMERICA's Leading Professional Options Traders.
AUTOTRADER - Copy our own personal trades exactly
The Planet Wealth Autotrade service is an exclusive opportunity where we let you COPY our trades AUTOMATICALLY! That means copying the exact trades that we place on our own accounts at exactly the same time as we do them. This way you are guaranteed to get exactly the same results as we do and is the same as having one of the world's best Professional Options Traders trading your account for you.
CHIEF TRADER - ROB ROY
Rob is the Chief Trader of Planet Wealth US and a registered investment advisor with the Securities and Exchange Commission. He was born in Central Florida and has a degree in Business Administration from Florida State University. He later spent 12 years as a Golf Professional before forming his own Financial Management firm in 1996.
For the last seven years, Rob has been the Head Instructor and Chief Educator for one of the world's leading stock market & option education companies. In this role he has traveled across the globe presenting seminars and personally coaching literally thousands of individuals about the power of options trading, as well as creating proprietary systems using multiple technical indicators. He is now considered amongst the leading educators on profitable trading using options, not only in America, but worldwide.
His knowledge of advanced strategies and the intricacies of successful option trading has resulted in consistent real life success in all types of markets.
As a member of Planet Wealth US, you have direct access to Rob, can access the trades he chooses for our account, and even copy those trades direct to your account using Autotrade.
CHIEF TRADER - ANDREW DIMITRI
Andrew Dimitri is the Managing Director and co-founder of Planet Wealth and author of multiple books on a variety of investing strategies. Andrew started investing in the mid 90's, and by the end of the decade had perfected his "Selling Insurance" strategy. He was able to retire from the family business soon after and live off his investments, working only a few hours per week.
"The idea behind Planet Wealth" Andrew says, "was to create an 'educational' company that doesn't just focus on theory, but actually teaches the strategies that we use. Since its formation in 2004 our company has been, and always will be, built around the principle of 'don't do as I say - do as I do'. We literally use these strategies ourselves to fund our lifestyles, and we back it up with sharing the exact trades we do on the Planet Wealth Trading Diaries"
Andrew is now a sought after public speaker, but he always insists on providing real, usable content in his presentations. "I don't do 'fluff' - just real content and actual details on strategies that I use myself. The day I stop using the strategies will be the day I stop talking about them!"
Like his mentor Warren Buffet, Andrew is a self taught value investor, and as the chief trader for Planet Wealth, uses his extensive knowledge and talent in valuing companies to find undervalued and high growth stocks that suit each particular strategy.
Afternoon Tea
At the time of this posting, after finally breaking to the upside, the market is moving back down for yet another test of the 1108 level (as you clearly know by now, the 200 day moving average).
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- June 16th, 2010 by Rob Roy
Morning Coffee
The testing process of a break of support/resistance works both ways. The S&P was able to break above and more importantly close above, the important 200 day moving average at 1108 on Tuesday. This morning the market has pulled back slightly and is testing the break from the upside. Technical traders will all be watching closely to see if the market can hold that break from Tuesday’s trade.
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- June 16th, 2010 by Rob Roy
Afternoon Tea
Here we go again! As with yesterday, the market broke above 1100 and is testing the 200 day mva at 1108? Can it break it this time? If so and more importantly, can it close above 1108? The afternoon battle will tell the tale.
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- June 15th, 2010 by Rob Roy
