WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
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Posted by Martin December 01, 2019

WHAT DO I EXPECT NEXT WEEK (Dec 2 – 6)?

During this holidays season I was lazy at home and had not have much time (and will) to do any review of the market and our positions. So, I will keep it simple today: The markets broke up through their resistances recently and they are in clear uptrend (see SPX chart and IWM charts below). Continue reading →

Posted by Martin November 23, 2019

WHAT DO I EXPECT NEXT WEEK (Nov 24 – 29)?

After a Friday’s strong rally a week ago the market went up on Monday and then stalled. I mentioned to be cautious although I believed we had room to upwards ①. After that, the market went mostly down ②.       But, it was evident, that this market was not in panic, it was Continue reading →

Posted by Martin November 16, 2019

WHAT DO I EXPECT NEXT WEEK?

The market rallied to 3100 as I expected last week. It was probably a bit too fast though. Now, that we are at this level, what’s next? I think, we still have some room to go higher, unless Trump spoils it with his trade wars, which I think is less likely since he now has Continue reading →

Posted by Martin October 20, 2019

Equity Options

One trading strategy does not work all the time and in every market. There will be time when one strategy stops working and another strategy has to be used while waiting for new opportunity to trade the first strategy again. We traded SPX options lately, Iron Condors, Put Spreads, Call Spread, or Iron Flies, but Continue reading →

Posted by Martin March 27, 2019

You will never please everyone… not at Wall Street

I borrowed this from Chris’s twitter: You often hear “when the Fed is raising rates, it is bad for stocks”, [it is bearish]. Now with the possibility of future rate cuts, we hear “you do not want to be long stocks when the Fed starts cutting rates,” [it is bearish].   You often hear "when Continue reading →

Posted by Martin March 27, 2019

Topping pattern?

The market was doing well in the morning but at about 10 am MT it went into a spiraling selloff. After the fact, the media told us why. Great to know, now I can sleep better. But later on the market started recovering the loss. The market lost -1.34% intraday. It recovered a bit and Continue reading →

Posted by Martin March 27, 2019

Global growth worries are back, OMG, everybody panic!

Market now down 30 points (-0.95%). Same old song. Media tell us that it was because of global growth worries. But that has been known issue for about a year now. What we are seeing in my opinion is a simple consolidation process. We rallied hard from December 2018 lows. Impressive rally! But there was Continue reading →

Posted by Martin March 25, 2019

Market performed well given the economic fears but what’s next?

I think, today’s market performance was somewhat promising. Of course, it may be all over tomorrow but given the Friday’s sudden economic growth worries causing the market dropping 1.8% would be propagating into today’s trading. Or are investors no longer worried? Or are the worries actually a BS? Of course, we do not know answers Continue reading →

Posted by Martin March 05, 2019

Are we stuck below resistance and heading lower?

The market seems to have a lack of strength (not enough buyers) at 2800 level to break and move higher. Fortunately, bears do not have enough power to push the market lower either. You can see that, so far, every selloff has been bought up; but this strength seems to be weakening every day. Unfortunately, Continue reading →

Posted by Martin February 02, 2019

January 2019 trading and investing results

S&P 500  2,706.53 +199.68 (+7.96%)  Dow 30  25,063.89 +1,736.43 (+7.44%)  Nasdaq  7,263.87 +628.59 (+9.47%)   I just finished reporting December 2018 and we are again at the end of another month. True, I reported December late. January started off slow, but ended up well. Our accounts are up and recovering from last year slaughter. But Continue reading →