A Look Ahead: Next Week's Market-Moving Events

By Oliver Pursche  NOV 02, 2012 4:15 PM

Focus on market data, not market reaction.

 


MINYANVILLE ORIGINAL My thoughts are with all who have been impacted by Hurricane Sandy, which left its mark on the East Coast this past week, causing an estimated $30 to $50 billion in economic loss and damages and claiming nearly 100 lives. Over the three days of trading this week, markets were volatile but unchanged, gaining just a couple of basis points.
 
Next week’s market-moving events:
The Trade:
 
Focus on market data, not market reaction. There are a lot of distractions for investors, not the least of which Tuesdays’ elections. Sell on rallies and continue to buy January or February Puts to lower portfolio volatility. Focus on companies that are growing revenues, over EPS data.  

Follow Oliver Pursche on Twitter: @opursche.
No positions in stocks mentioned.