Weekly Newsletter   Challenge account   Weekly Newsletter   


Archive for 2023

Posted by Martin February 03, 2023

02.02.2023 – THURSDAY MARKET OUTLOOK

  The markets continued higher again with a selloff at the end of the day (as expected). Bears are hastily becoming bulls but we have to start being careful as we are way overextended to the upside. The skittish investors can turn bearish quickly. They are now greedy and piling up into worthless stocks like Continue reading →

Posted by Martin February 02, 2023

02.01.2023 – WEDNESDAY MARKET OUTLOOK

  The bears keep getting it wrong. They are in unison convincing themselves on social media that this market is just a bear market rally and they refuse to accept that the market already adapted to the new FED policy. That is why the markets have big selloffs but reluctant rallies. Investors become bearish and Continue reading →

Posted by Martin February 01, 2023

Technical view: Icahn Enterprises L.P. (IEP)

  IEP is in stage #2. The stock started declining as is typical but then reversed, possibly on the news that Carl Icahn reached the deal with Crown Holdings to add the activist investor’s members to the Crown’s board. The weekly chart shows a sideways pattern.     The company’s revenue is erratic but improving Continue reading →

Posted by Martin February 01, 2023

01.31.2023 – TUESDAY MARKET OUTLOOK

  The market reversed yesterday’s and today’s losses as the economic data showed weakness. Consumer confidence also dropped. We are in an environment where bad data are good news. This gave investors hope that the FED will not be aggressive anymore and raises the rates by 0.25 points as is widely expected. In the end, Continue reading →

Posted by Martin January 31, 2023

01.30.2023 – MONDAY MARKET OUTLOOK

  Abysmal day at Wall Street today. The markets started selling off before even opening and there was only a small attempt to recover in the middle of the day, but then we sold off again. But the markets do not go straight up. It goes in waves and after last week’s strong rally, we Continue reading →

Posted by Martin January 29, 2023

January 2023 $100 Challenge account review

We were selling spreads successfully last month, but we entered a TSLA call spread right before investors started chasing the stock up again. We are now rolling the trade higher, and hopefully, we will be able to get out of the trade. I think a 70%+ run-up is not justified, and we may see a Continue reading →

Posted by Martin January 28, 2023

January 2023 HFEA strategy report

New Year’s first month is over, and the leveraged strategy (I still call it HFEA, although it no longer is the strategy) is slowly declining but outperforming SPX; see the charts below. I expect this strategy to perform better when the market improves. Initially, I dedicated $15,000 to this strategy. That represented approx 15% of Continue reading →

Posted by Martin January 28, 2023

January 2023 SPX put credit spreads trading review

The last trading month was rolling trades and adjusting the old ones only. We were not opening any new trades at this point. We had many trades that we rolled, and we do not want to add more risk until the old trades are fixed. We use “box” spreads to collect credit and use that Continue reading →

Posted by Martin January 28, 2023

January 2023 Investing and Trading Report

I decided to post my monthly investing and trading reports instead of weekly ones. It is too much time-consuming writing about my investments every week, mainly when I also write a newsletter and do research for it. That takes a lot of time. January 2023 was a good month when our portfolio recovered many 2022 Continue reading →

Posted by Martin January 27, 2023

01.26.2023 – THURSDAY MARKET OUTLOOK

  Another day of investors chasing stocks they were selling just a few days ago and that they will probably start rapidly selling as soon as someone like the FED spooks them again. We rallied toward the target price at 4,050 (we reached 4,061), and now we are near the upper-level target at 4,100. There Continue reading →