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 →
Archive for December, 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 →
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 →
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 →
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 →
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 →
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