The markets were volatile after the FOMC meeting minutes. And that volatility will probably continue as investors are scared. They propelled worthless tech stocks up during the 2020 and 2021 frenzy and now they are scared to hold these stocks and dumping them en masse. And along with those, they dump good quality stocks Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
02.21.2023 – TUESDAY MARKET OUTLOOK
We got hit in multiple directions today. First, the foray of economic data came in and they were so good that investors started, once again, freakin gout that this may force the FED to keep the rates higher for longer (good news is bad news). Then, we received reports from Walmart and Target. They Continue reading →
Technical view: PayPal Holdings, Inc. (PYPL)
PayPal PYPL is still in stage #4. It was morphing into stage #1 but failed and resumed its downtrend. It is trading below its 2025 fair value providing an opportunity for 8% annualized growth at the current price. The price action speaks for a probability of a further decline so if you are interested Continue reading →
02.20.2023 – MONDAY MARKET OUTLOOK
Today was President’s Day and the markets were closed. So the price action was muted. The markets were slightly down and indicative of no direction: The daily Ichimoku chart still continues to look weak, but we still hold the support at $4,000: The weekly Ichimoku looks worse. We need a Continue reading →
Are Treasury Bills Really Risk-Free?
Recently, as the interest rates were growing, Treasuries started paying great interest. They reached 5% recently. And media are now telling us that this is a big threat to the stocks as Treasuries now offer a “virtually risk-free” earnings yield comparable to S&P 500. and if you can get 5% risk-free interest, why would you Continue reading →
02.16.2023 – THURSDAY MARKET OUTLOOK
So the PPI index came out hotter than expected so the market did what the forecasting said it would and I was wrong. So investors crapped their pants again on renewed fears and we sold off. But it was a rocky intraday. We sold off in the morning but then went on a recovery Continue reading →
02.15.2023 – WEDNESDAY MARKET OUTLOOK
One would expect the market to crash after the CPI data and strong retail sales reports. But it wasn’t the case. In fact, after some weakness, the markets rallied and closed up over 0.4%. This indicates that bears have it wrong and that the market is likely going higher than lower from here. It Continue reading →
02.14.2023 – TUESDAY MARKET OUTLOOK
We received a new CPI report today showing that inflation continues moderating and gliding lower although because of the media hysteria, it may have not looked like it. Yes, the pace slowed down significantly compared to the second half of 2022 but still, we are easing down a bit. The headline and core CPI Continue reading →
Technical view: Netflix, Inc. (NFLX)
NFLX is in stage #2. Netflix continues moving higher despite naysayers who think the stock is doomed because of the subscription sharing limitations and them canceling their subscription. But investors do not see it as a problem, at least not now. I expect the stock to reach 200-day MA on a weekly chart at Continue reading →
02.13.2023 – MONDAY MARKET OUTLOOK
The markets rallied ahead of the CPI expectations. Now all technicals are out of the window because the price is driven by emotions and the news from the FED and economic data. That can change everything. If however, the report comes better than expected, or even as expected, we may see a rally all Continue reading →
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