The Bull Market is over but will it continue going lower next week. No one really knows. How the market performs on Monday will set the tone for the week. Who will dominate the market after a 2 days weekend, the sellers or the bargain hunters? Investors have had 2 days to re-strategize. Will they sell shares or buy shares? After watching TV and reading newspapers all weekend I'm not really sure what will happen. That said I have received many emails from experienced subscribers about taking advantage of the uncertainty to recovery some of the cash used to close the SPX Bull Put Spread.

On Friday (3/2) I sent subscribers a Trade Alert to close the SPX Bull Put Spread trade. Included with this alert were 2 new NDX spread trades expiring in March. I have updated this Trade Alert (3/2/2007) to include more details on this NDX Iron Condor trade (highlighted in blue below) that generates significant cash per contract. Both short options are far enough away to make this Iron Condor a safe trade. The SPX Index has no decent bids for any March or April trades that are safe at this time.

Because the SPX trade is costing subscribers a loss per contract to close I will be refunding all subscription fees collected between the February and March expiration dates. Look for emails notifications from PayPal about your credits. If you do not receive you refund by March 16th please send me an email.

If the markets keep dropping this week I will be emailing Trades Alerts to close and roll the NDX and RUT Bull Put Spreads which are currently 51 and 25 points away.