Our traders today made a lot of trades trading to the downside, using put options as the markets got hammered today. Most of our new traders who have never traded options, have done extremely well for their first time ever trading options, learning how to trade individual stocks in various sectors that we weak today. Once you start trading with SMF you can do learn how to use sector rotation to spot strong and weak trends in the markets and take advantage to lock in huge trading profits. Come join SMF now and take our trading seminar and learn to do it yourself along with one of our SMF trading experts in our live trading room
The Dow was down 2.08% at 11386, the Nasdaq was down 2.03% at 2366, and the S&P was down 1.96% to close at 1267. Leading sectors included Home Furnishings +2.0%, Airport Services n/a%, Alternative Carriers n/a%; Catalog n/a%; Commodity Chemicals n/a%. Lagging sectors included Trucking -6.4%; Real Estate Mgmt -6.3%, Casinos and Gaming -5.6%, Industrial REITS -5.2%, Construction Materials -4.9%. Today's movement came from lower than avg volume (NYSE 865 vs. 1332 avg, Nasdaq 1455, vs. 2158 avg), with decliners outpacing advancers (NYSE advance/decline 767/2629, Nasdaq 627/2230) with new lows outpacing new highs (NYSE new high/new low 12/102, Nasdaq 41/109.