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Posted by Martin December 01, 2018

Adding another SPX Jan11 (43 DTE) Iron Condor

Posted by Martin November 30, 2018

All is good at Wall Street again, until it isn’t

We can say that today, we got a breakout and confirmation of an uptrend. On Wednesday we saw a nice rally, on Thursday, the indecision candle worked as a pause and today we broke the downtrend. It was crucial that we got above the downtrend line today to keep the correction recovery on the way. Continue reading →

Posted by Martin November 04, 2018

October 2018 trading and investing results

S&P 500  2,723.06 -17.31(-0.63%)  Dow 30  25,270.83 -109.91(-0.43%)  Nasdaq  7,356.99 -77.06(-1.04%)   October was a terrific as well as horrible month! Tons of volatility, negativity, pessimism and losses. At some point, it became depressive. The markets kept falling and falling with no retreat, no relief rallies. Any attempt to have a rally was immediately sold Continue reading →

Posted by Martin October 28, 2018

Another beautiful selloff which didn’t fail

In my last post I wrote about my bullish view expecting the sell off to finally end and the market working on a reversal. The reason for it was a nice and expected bullish candle formed at the bottom of the expected range. It didn’t last long and we saw additional over 3% selloff. The Continue reading →

Posted by Martin October 23, 2018

Another beautiful selloff which failed

Today, the market showed a spectacular rally and recovery from lows. The futures sank by 1.40% and after the market opened we went even lower and undertaken the previous lows of 2711 level (losing over 2% at 2691 level resetting my correction tracker). But then a spectacular rally happened.     As mentioned in a Continue reading →

Posted by Martin October 14, 2018

Correction not bear market

It is funny watching people panicking about last week market decline. Many panic and predict bear market. Many are guessing what happens next. Some are drawing their charts drawing lines of the next decline and claiming historicity of their claim.     Claiming historical evidence and predicting the drop all the way down to 2275 Continue reading →

Posted by Martin October 11, 2018

Gut wrenching volatility

A volatility in the stock markets is normal. It is a part of it. When looking in the rear mirror and see all those drops we think: “it is all OK and normal.” But experiencing such volatility in real time is painful and… gut wrenching. Many people can’t take the pain. I must admit, I Continue reading →

Posted by Martin September 29, 2018

September 2018 trading and investing results

S&P 500  2,913.98 -0.02(0.00%)  Dow 30  26,458.31 +18.38(+0.07%)  Nasdaq  8,046.35 +4.38(+0.05%)   September 2018 is over and it is time to report our trading and investing results. Overall September was a great month but it was also a very volatile month. Our IRA account performed great. Our cash increased to $104,600.00 and we purchased a Continue reading →

Posted by Martin September 01, 2018

August 2018 trading, investing, results

S&P 500  2,901.52 +0.39(+0.01%)  Dow 30  25,964.82 -22.10(-0.09%)  Nasdaq  8,109.54 +21.17(+0.26%)   August 2018 was a mix bag of goodies and rotten apples, so to speak. It was good until it wasn’t. We made nice income but then the market started rallying and many of our Iron Condors started seeing call spreads breached. As I Continue reading →

Posted by Martin August 18, 2018

WEEKLY RESULTS, August 18, 2018

Last week was a good week. It was a bit choppy as Wall Street was worried abut Turkey, then wasn’t worried about Turkey, and on Wednesday it was worried about Turkey again. No matter what, Turkey became just an excuse for a shake out to get rid of weak hands and move on without them. Continue reading →