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 →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Archive for 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 →
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 →
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 →
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 →
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 →
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 →
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