as 3rd quarter earning results are going to start making their way to the market.
While most traders were still enjoying the more then expected rate cut, others are thinking that it's not enough and are expecting another cut after the next FOMC meeting.
Next week, aside from the 3rd quarter earnings, we get the GDP, and the consumer spending data. Both are market movers, especially if the data is weaker then expected.
Other data to be released next week includes inflation and construction spending.
While not as big as the other two, inflation hurts the consumers spending, as it robs their purchasing power, and construction spending is a leading indicator of company's optimism. Companies tend to spend money on construction when they see a bright future economically.
With all the data coming out next week, it almost assures a week of volatility, with that in mind, I would like to talk about this weeks play.
When volatility spikes, no touch plays become less expensive, however that's because they are more likely to be hit. As a result, this week, we will focus on the up or down options available at BetOnMarkets.com.
An up or down option allows the trader to specify a trigger on both sides of the market, and win if either of those levels are breached. Unlike its one touch counterpart, in this situation you don't need to choose a direction.
This weeks play is on the SP500, with a 44 point trigger in both directions, and a 20 day term, potentially yielding 7% ROI
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