I feel like the markets are easing their bearish stance. They are still extremely volatile and choppy intraday, but we are poised for a rally that may last until the end of this miserable year. Our investing and trading last week reflected this stance. We opened a few small credit spreads against our holdings to Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Archive for November, 2022
11.18.22 – FRIDAY MARKET OUTLOOK
We have seen weakness in the markets again. Choppy trading with a slight drift lower. Again, this speaks to the possibility of the market spiking higher again. If it wanted to crash, it would have already done that, considering all the FED talks about more tightening needed, higher rates at 5% to 5.75% not Continue reading →
11.17.22 – THURSDAY MARKET OUTLOOK
Today the market participants jumped ship overnight, and the markets opened 1.3% lower. But that was it. From there, big money started piling up, and the markets went higher. We are seeing a classic consolidation pattern after an almost 6% rally last week, which is a very bullish sign. For it to invalidate as Continue reading →
11.16.22 – WEDNESDAY MARKET OUTLOOK
Today we saw some weakness from the very start, possibly thanks to bad retail reports (the most prominent was a bad miss by Target (TGT). But given how bad it was, the market held very well the entire day. Yes, it opened lower, but then it was flat the entire day. Looking at the Continue reading →
11.15.22 – TUESDAY MARKET OUTLOOK
The market, again, started on a very strong note in the morning, rallying over 1% (at some point, even 1.5%), but then, but the end of the day, it again lost steam and paired almost all gain. As you can see, we are at the 200-day MA, and bears are trying to short the Continue reading →
Technical view: Apple (APPL)
AAPL morphed into stage #1. After it reported stellar earnings, it continued its #2 rally, but Jay Powell killed it with his inflation speech. The stock crashed in three days. But the more this stock goes lower as people panic, the more I want to buy it. People keep saying that this was the Continue reading →
11.14.22 – MONDAY MARKET OUTLOOK
The market started in red but then rallied hard; by midday, it was in green. I hoped for a slightly down day today, and it seemed it wouldn’t be happening. The market looked like it would end on another green day. But 30 minutes before the end of the session, it suddenly snapped and Continue reading →
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