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Archive for October, 2020

Posted by Martin October 28, 2020

Stock market plunges on virus fear

Stocks opened lower as expected and crashed -2.40% on virus fear. This makes the market correcting another 7.5% within the original 10.6% correction. Kind of a correction inside a correction since we haven’t fully recovered from the first one. This also breaks all previous patterns (unless we recover by the end of the day) and Continue reading →

Posted by Martin October 27, 2020

A storm is coming

On Thursday, big names are reporting earnings… AMZN, AAPL, GOOG, GOOGL, and FB… and these companies can shake the market for sure. I think the best one can do is to stay away for now until we see what is going to happen.    

Posted by Martin October 27, 2020

FUTURES SET TO OPEN DOWN -1.14%

Selling in Wall Street is set to continue tomorrow. On Monday we saw the indexes declined (SPY ended the session down 0.33%) and the negative sentiment seem to continue. The futures pre-market data indicate the DJI to drop even more. As of now the opening will be down more than 300 points or -1.14%. Of Continue reading →

Posted by Martin October 27, 2020

Cup and handle failed, what now?

The stock market was forming a cup and handle formation, but yesterday, this pattern failed. If we were to continue the pattern, we were supposed to continue higher as indicated in the picture below:     Since this pattern failed, what is ahead of us now?   We can see or identify two other possible Continue reading →

Posted by Martin October 24, 2020

WHEEL STRATEGY

If you are familiar with this strategy, you can pretty much skip this post as you already know all the ropes. If you are a novice investor, this strategy may help you maximize your returns. This strategy utilizes trading stocks and options. I use this strategy myself and it generates consistent returns.   Stock pick Continue reading →

Posted by Martin October 19, 2020

Vaccine and stimulus

Stimulus hopes before the election fade away and investors are dumping stocks (but wait, they will be buying it back like crazy when the hopes renew after the election)… A good start on vaccine hopes diminished on the stimulus failed hopes. But who knows what the hopes are. It is all that media make always Continue reading →

Posted by Martin October 18, 2020

October 16, 2020 expiration

We had a few options positions expiring last week on Friday, October 16:   PPL – Oct 16 (monthly) 29.00 call for +0.35 – WINNER STOR – Oct 16 (monthly) 25 put for +0.68 – WINNER   All other trades were rolled into November expiration day. You can check our open positions on our Trades Continue reading →

Posted by Martin October 17, 2020

Why I like investing and trading in the stock market

1) You can generate great returns 2) You can treat investing and trading as your business 3) You do not need customers 4) You do not need supplies 5) You do not need any marketing looking for customers, and keep them happy mainly when they do not know what they want 6) You do not Continue reading →

Posted by Martin October 15, 2020

Cup and handle in making?

As expected, the market topped in a parabolic run-up a few days ago and retreated. It is possibly creating a cup and handle formation and if completed and correct, we may expect another leg up:     Cup and handle and all charting is not an exact science. But if we take into account what Continue reading →

Posted by Martin October 13, 2020

Did the market sprint to finish today?

The stock market can be compared to a sprint in athletics. When runners are running they run at a constant speed but as the finish line nears they start adding speed and take their reserves of energy to sprint faster to the finish line.     Yesterday, the market started showing the signs of a Continue reading →