Progress towards a deal between Western nations and Iran meant to curb the latter country’s nuclear program caused crude oil to slip today. Nuclear-related sanctions against Iran have been keeping about 1 billion barrels of oil from the markets per day. In addition to this news from the Middle East, last week’s poor jobs data also continued to affect U.S. oil, contributing to its decline.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
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DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.