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 →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Archive for 2022
11.30.22 – WEDNESDAY MARKET OUTLOOK
Well, that was it today. Powell said what we expected anyway, that the FED is slowing down their interest rate hikes, and the market melted up this time. It amazes me how irrational the market is. Just a few days, even today morning, everybody was selling everything in fear of recession; Morgan Stanley’s analysts Continue reading →
11.29.22 – TUESDAY MARKET OUTLOOK
The markets continued melting down mainly on China news about the Covid lockdowns and unrests that may impact companies like Apple negatively. But I think there is still a year-end rally ready, and I expect a 5% rally in December. Eventually, China will have to reopen and stimulate the fading economy. Many investors make Continue reading →
Technical view: Tesla (TSLA)
TSLA is in stage #4 of the trend. It broke lower again although it bounced, and it is now attempting to go higher. However, even with this bounce, there is no trend changer at all. The stock is clearly in a full bearish trend. The weekly chart shows it in a better and straight Continue reading →
11.28.22 – MONDAY MARKET OUTLOOK
The markets started the week with a sharp decline (-1.52%) but the VIX is still in solid contango which indicates that this selling may be short-lived. There is a lot of negative news which may push this market lower but within the expectations, possibly to the 3,915-3,900 level. However, the path to end year Continue reading →
11.25.22 – FRIDAY MARKET OUTLOOK
Yesterday, the markets were closed. Today, we had a shortened session. The markets closed at 1 pm ET. Many traders and investors were on holiday and not participating. Volume was weak, and price action was muted. We still have no resolution on the direction. The SPX is sitting right below its 200-day MA and Continue reading →
11.23.22 – WEDNESDAY MARKET OUTLOOK
The markets continued higher when the FOMC meeting minutes indicated that the FED may slow down their interest hike pace. VIX futures are in strong contango so I expect the markets to go higher. But again, the volume is low so this can be deceptive. However, we will see an elevated market by the Continue reading →
11.22.22 – TUESDAY MARKET OUTLOOK
The consolidation continues, and I expect the market to continue higher this week. But be careful. Due to the Holidays, many traders and investors are off, so the volume is extremely low. If we see gains this week, the most important thing will be what will happens after the holidays. Will we keep and Continue reading →
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