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Archive for January, 2023

Posted by Martin January 31, 2023


  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 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


  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 →

Posted by Martin January 26, 2023


  And here we go again. Investors cannot make up their minds. One day they were frantically buying because semiconductors were reporting good numbers. Today, they were scared because Microsoft reported terrible numbers, and tomorrow, they will be optimistic again because other companies like TSLA reported good numbers. But this is typical. What was good Continue reading →

Posted by Martin January 25, 2023


  After a big jump on Monday, the market acted as expected and retreated back closer to the 4,000 level. Futures are already down and below that level. There was very little to no news for the pop-up on Monday, so it could be expected that today, the market will retreat. But there was no Continue reading →

Posted by Martin January 25, 2023

Technical view: Occidental Petroleum Corporation (OXY)

  OXY is in stage #3. It bounced off its support at $62 a share and now going higher. It is also sitting at the 50-day MA support (on the daily and weekly chart). It may continue going higher until $73 level again.       Based on the valuation of the company trading significantly Continue reading →

Posted by Martin January 24, 2023


  Here we go. Semiconductors posted good numbers, and everyone was rushing in. The market broke above 200-day MA and a significant resistance at the 4,000 level. It retreated a bit later during the day but retook the levels back. We are now approaching the last hurdle – the downward-sloping trend line. We need to Continue reading →

Posted by Martin January 20, 2023


  The market continued selling as I expected that to happen. We only had a bright moment when the market reversed and rallied to erase all losses. It would have been a great sign indicating that what we have seen was just a pullback at the significant 4,000 resistance.     But unfortunately, the rally Continue reading →