META just announced that they will roll in a new feature “Meta Verified”, which will let users verify their accounts using a government ID and get a blue badge. So, let me think about it. META, known for horrible and unscrupulous privacy abuse, will now get their hands on my government-issued ID and I will Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
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Are Treasury Bills Really Risk-Free?
Recently, as the interest rates were growing, Treasuries started paying great interest. They reached 5% recently. And media are now telling us that this is a big threat to the stocks as Treasuries now offer a “virtually risk-free” earnings yield comparable to S&P 500. and if you can get 5% risk-free interest, why would you Continue reading →
02.16.2023 – THURSDAY MARKET OUTLOOK
So the PPI index came out hotter than expected so the market did what the forecasting said it would and I was wrong. So investors crapped their pants again on renewed fears and we sold off. But it was a rocky intraday. We sold off in the morning but then went on a recovery Continue reading →
02.15.2023 – WEDNESDAY MARKET OUTLOOK
One would expect the market to crash after the CPI data and strong retail sales reports. But it wasn’t the case. In fact, after some weakness, the markets rallied and closed up over 0.4%. This indicates that bears have it wrong and that the market is likely going higher than lower from here. It Continue reading →
02.14.2023 – TUESDAY MARKET OUTLOOK
We received a new CPI report today showing that inflation continues moderating and gliding lower although because of the media hysteria, it may have not looked like it. Yes, the pace slowed down significantly compared to the second half of 2022 but still, we are easing down a bit. The headline and core CPI Continue reading →
Technical view: Netflix, Inc. (NFLX)
NFLX is in stage #2. Netflix continues moving higher despite naysayers who think the stock is doomed because of the subscription sharing limitations and them canceling their subscription. But investors do not see it as a problem, at least not now. I expect the stock to reach 200-day MA on a weekly chart at Continue reading →
02.13.2023 – MONDAY MARKET OUTLOOK
The markets rallied ahead of the CPI expectations. Now all technicals are out of the window because the price is driven by emotions and the news from the FED and economic data. That can change everything. If however, the report comes better than expected, or even as expected, we may see a rally all Continue reading →
02.09.2023 – THURSDAY MARKET OUTLOOK
As expected, we had a zig-zag day. Sort of. The market went up until about noon, then after the bond auction the yields bumped up and investors sold off their shares. It still baffles me how irrational the markets are. Maybe I should stop rationalizing it. An example is Google. The investors sold off Continue reading →
02.08.2023 – WEDNESDAY MARKET OUTLOOK
I was traveling the last couple of days and unable to write my regular market outlooks. I am back to the standard routine and here is my view on the market. The market started trading in a very narrow range on the top of the rally. We see rejection at the 4,150-ish level. The Continue reading →
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 →
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