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Posted by Martin April 04, 2017

Soft Versus Hard Economic Data And Why Wall Street Has It Wrong Again

I have followed Keith McCullough, the owner, CEO, and commentator at Hedgeye for some time and for the period of time he was spot on reviewing economic development of the US and its reflection to the stock market. For a few last years, I think it was years, Keith was bearish on the US economy Continue reading →

Posted by Martin April 03, 2017

Trading Diary #4

As I wrote in my March 2017 dividend report in an outlook that the market is on crossroads of either going higher or staying on the downward path, today’s trading showed us we are heading down.     Although the intra-day trading was quite impressive (see below) when the market could recover almost all losses, Continue reading →

March 2017 dividend income

March 2017 is over. It was quite fast. I almost haven’t noticed. And many things happened in March. Good or bad. But financially, I did well and actually better than expected; both in dividend income and options trading income. This month, we received $85.86 dollars in dividends. It is slightly less dividends than last month. Continue reading →

Posted by Martin March 30, 2017

Trading Diary #3 (LULU) down more than 23%

LULU tragedy continued this morning when the stock opened down more than 23%. Surprisingly, it didn’t have any worse effect on my account than what was priced in last night when I recorded my notes on this piece if crap. You work hard and try to improve and make a few bucks and after you Continue reading →

Posted by Martin March 29, 2017

Trading Diary #2 (LULU) got crashed

LULU reported 1.00 EPS, WS expected 1.01 EPS. A slight miss. But the AH chart looks like an end of the world. Blame guidance which made WS over-reacting (as usual).     This is a bad blow to my account. Hope, this shit will recover by tomorrow morning opening although I have very low expectations Continue reading →

Posted by Martin March 29, 2017

Trading Diary #1

(Wednesday, March 29, 2017) Wow! And wow again. If you start predicting the market, this is what you get. I am glad I stopped predicting the market but focus on trading and adjusting those trades. But sometimes this can backfire too. Like my US Steel (X) trades which recently the stock acted so violently that Continue reading →

Posted by Martin March 27, 2017

What a day today!

SPX opened down significantly as investors digested Trump’s healthcare failure. At least that’s what headlines were showing this morning. Evidently, they had great digesting today as the markets recovered most of the losses and went from 0.98% loss to about 0.10% at the end of the day. Let’s just hope that they will not suffer Continue reading →

Posted by Martin March 26, 2017

Trumpfear

Lately, I was quite busy and actually not in a good mood, so I wasn’t publishing my trade adjustments against US Steel (X) and Seagate Technology (STX). I was able to roll those trades quite successfully last week although both stocks were losing after a big selloff in Wall Street. And tomorrow, it seems we Continue reading →

Posted by Martin March 15, 2017

(3) X strangle rolled

As the expiration is approaching, time to roll my ITM inverted strangle again (as I do not expect this one to expire worthless). In this roll I continue rolling my puts down and keep calls at the same level. If the stock continues moving higher, I will start rolling calls higher and keep puts at Continue reading →

Posted by Martin March 14, 2017

Seagate Technology (STX) triple play adjustment

Last week, I made an adjustment to the Seagate Technology (STX) when the stock suddenly dropped. Maybe, I was a bit hasty adjusting the trade as the stock seemed to recover the losses. The sell off happened upon a downgrade from some so-called analyst who thought he could predict the future and all those clowns Continue reading →