Alm 2010

First of all I want to say that I was very wrong being to optimistic last weekend. I predicted the markets to rally this week but they sure did not. The move by FED today, friday, helped me a bit not to lose my face totaly. Actually the European and US markets did not show to much change on the week but one have to remember that on a daily basis it was rather volatile. We saw the big move on major stockmarkets like Japan with Nikkei225 down 9 % on the week. The VIX (volatility index) is still on a rather unchanged high level for the week at around 29. Last week I said that if you like risk it could be a good timing for a covered call strategy. It was and I still think it is.

Market data: (change compared to last week)

10 year treasury yield 4.67 % (-0.11)

Swedish OMX (-1 %)

FTSE (+0.4 %)

DOW (-1.2 %)

NASDAQ (-1.6 %)

NIKKEI 225 (-9 %)

SHANGHAI SSE COMP. (-2 %)

For next week It will be a fight between traders who think that FED knows something we dont know and investors buying value. Dont want to predict but  I stay with my view of that writing options could be a good ingredient.