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Archive for December, 2022

Posted by Martin December 11, 2022

2022 Week 49 investing and trading report

Our trading and investing last week went smoothly. We opened a few credit spreads, and all expired out of the money. We didn’t buy shares last week as I am trying to keep cash handy in case we see a recession. That will be my goal for the next year to raise cash so I Continue reading →

Posted by Martin December 10, 2022

2022 SPX put credit spreads trading review – week 49

Last week’s SPX trading was frustrating. I took a few bearish trades as the signals were mixed to the bearish outcome. Toward the end of the week, the signals turned bullish, so I opened a bullish trade. But the market was so volatile that the outcome changed quickly and crashed within a few minutes before Continue reading →

Posted by Martin December 09, 2022

12.08.22 – THURSDAY MARKET OUTLOOK

  As I expected and all my projections pointed out, the market rallied. Tomorrow, the market is poised for a choppy to-up move unless… and yes, here is the big BUT. We will have a CPI report tomorrow, which will shake the market significantly. Since July, the CPI index has been dropping significantly, so one Continue reading →

Posted by Martin December 08, 2022

12.07.22 – WEDNESDAY MARKET OUTLOOK

  Selling pressure continued today but was already muted compared to yesterday’s trading. The markets mainly went sideways with a slight downward drift. It is now sitting at the significant support at 50-day MA and long-term support line that was forming since May, and I expect it to hold to some extent. The VIX is Continue reading →

Posted by Martin December 07, 2022

12.06.22 – TUESDAY MARKET OUTLOOK

  Investors received good economic data, which was why they freaked out that the FED may change their easing of the tightening thinking, and they sold off everything they had. At least, this is what the media told us yesterday and today. But we knew that at the current levels, bears would come back to Continue reading →

Posted by Martin December 07, 2022

Technical view: Snowflake (SNOW)

  SNOW is in stage #4. The company had stellar earnings that helped to stop the downward trend but not enough to reverse it. It is still in a declining trend but attempting to break above the 50-day MA. The weekly chart indicates a possible double-bottom process as well. Given the great business model the Continue reading →

Posted by Martin December 03, 2022

2022 Week 48 investing and trading report

November 2022 is over, and it has been a good month so far. I can’t say that for the 2022 year. The year was bad. The account is down by 35%, and I do not expect it to improve much by the end of the year. But I am not bitter about it or feel Continue reading →

Posted by Martin December 03, 2022

2022 SPX put credit spreads trading review – week 48

Last week I dedicated myself to opening a few debit trades (that will have an impact on our profit as it is shown as expense/loss now, and it will be marked up as a gain or loss when we close the trade) and also fixing some of the old trades to make sure they expire Continue reading →

Posted by Martin December 03, 2022

November 2022 $100 Challenge account review

The markets started improving, and we are saving cash to start selling options again and reinvest proceeds into the dividend-paying stocks. I plan on having enough cash next month to start selling some spreads. We have a lot to catch up with.   Accumulation phase   The account is still underperforming our goal but started Continue reading →

Posted by Martin December 02, 2022

12.01.22 – THURSDAY MARKET OUTLOOK

  The market broke above 200-day MA, hurray! But now that level needs to hold. We may see a consolidation at the current levels, investors taking profits, or whatever else may happen here. We may also see a complete failure as more bears will be stepping in. I will also start adding cheap butterflies to Continue reading →