Today, the market was closed for the Martin Luther King holiday, but futures continued trading abroad. And it was muted with a slight downward trend. Will we see a renewed rally tomorrow, or is the rally over, and the markets roll back down, failing to hold the new breakout? The price is still above Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Archive for 2023
01.12.2023 – THURSDAY MARKET OUTLOOK
As expected, the market continued higher, although at a slower pace than expected, given the good news about inflation. The CPI came out and indicated slowing inflation. It rocked the market a bit, but then it went higher. The buy rumors and sell the news didn’t happen, although it may happen tomorrow. The market Continue reading →
01.11.2023 – WEDNESDAY MARKET OUTLOOK
The market participants are now full of optimism and bidding the prices up in expectation of mild inflation data coming out tomorrow morning. On the chart above, we reached two major resistance levels – the 200-day MA and a long-term resistance at the 3966 level (that is almost 3 years old, so Continue reading →
01.10.2023 – TUESDAY MARKET OUTLOOK
The market seems to be improving. Powell had his remarks in Sweden and briefly spoke about the apolitical role of the FED avoiding any hints about the monetary policy. Investors seem to take it as the FED is trying to stay neutral advertising possible pauses in hikes. It seems, he didn’t want to say Continue reading →
Technical view: BABA (BABA)
BABA is now in stage #2. China reopening its economy after a draconical Covid shutdown is helping Chinese stocks. The CCP also reversed or at least is trying to, their policy on the economy and private businesses. They agreed to allow for account audits by the US PCAOB which literally averted the risk of Continue reading →
01.09.2023 – MONDAY MARKET OUTLOOK
This is still a suckers’ market. Big rally in the morning that was sold in the afternoon. All in CPI and FED’s expectations. Everyone knows what is going to happen, yet everyone freaks out. But from the technical perspective, the market hit resistance and sold off from there. On the chart below, we can Continue reading →
My Goal 2023
The 2022 year was brutal, but I expected it would be difficult to meet our goals. Yet we met them anyway. Not all of them, but those important ones were met. And it is time to set new goals for 2023. 2022 Goal review Buying dividend growth stocks and monetizing those positions goal Continue reading →
01.04.2023 – WEDNESDAY MARKET OUTLOOK – Another day of going nowhere
Institutional investors are still on vacation and will return to the markets next week. That means retail investors drive this market and spook themselves easily with every market move. It could be seen in today’s market price action. A relatively big move early in the morning before FED’s meeting minutes were published, and selloff Continue reading →
01.05.2023 – THURSDAY MARKET OUTLOOK – CPI can rock it
Another sleepy day. We received labor data this morning indicating a strong labor market. That rocked the market, and investors panicked again, thinking that the FED would go amock and raise the rates more, higher, longer, and indefinitely. But they forget that the FED has its hands tight already unless they want to crash Continue reading →
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