The stock market gapped down more than 2% on renewed fear of the new strain of Covid. That is, what the media are telling us. I don’t think this is the reason for selling. The market was quite over-extended and some sort of a pullback was needed. That is what has happened this morning. Since Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Archive for 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 →
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.
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 →
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 →
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 →
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