Don’t Get Fooled By This Market

Posted by Joe Duffy | Mar 21, 2025 | Joe Duffy's Trading Advantage | 0 |

If you have followed this space for any length of time, you know one of my mantras is “patience pays”. And I am trotting out that one again right now! I don’t like to trade in the mush, and it seems that we are firmly entrenched in that dynamic, or rather lack of dynamic right now. Floor traders and option market makers seem content to move the market up and back, making little net progress, collecting option premiums. This is exactly what I said would happen at the start of last week — and why I chose calendar spreads as my preferred strategy— a strategy that has worked to perfection. I am unwinding those for subscribers and just standing aside. If forced to pick a direction for Friday and next week, I would pick a bullish tone. At the same time, if I see something set up, I could easily return to the short side. Nothing is really favoring one side too strongly.

Thanks,

Joe

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About The Author

Joe Duffy

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