The market reacted with a huge jump at the opening after the CPI report indicated easing inflation. It jumped up 2.23%. But then it started a selloff, and the market declined the rest of the day. It erased all gains finishing up 0.73% only. Quite disappointing price action. But obvious one. We have had Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Technical view: AES Corp. (AES)
AES is in stage #2. The stock continues trading near its all-time highs and starts forming a top. If the economy hits a recession, then bonds may perform better, and investors will most likely buy bonds rather than utilities. Thus, I am expecting (if that happens) that AES may drop. At the current price, Continue reading →
12.12.22 – MONDAY MARKET OUTLOOK
Everything indicated the market going lower today – a continuation of Friday’s losses, but it didn’t happen. The market recovered all losses and some. In fact, according to all technical signals, the entire week should ve down except on Thursday and Friday, when we should see a recovery. It is not happening, but it Continue reading →
12.08.22 – THURSDAY MARKET OUTLOOK
As I expected and all my projections pointed out, the market rallied. Tomorrow, the market is poised for a choppy to-up move unless… and yes, here is the big BUT. We will have a CPI report tomorrow, which will shake the market significantly. Since July, the CPI index has been dropping significantly, so one Continue reading →
12.07.22 – WEDNESDAY MARKET OUTLOOK
Selling pressure continued today but was already muted compared to yesterday’s trading. The markets mainly went sideways with a slight downward drift. It is now sitting at the significant support at 50-day MA and long-term support line that was forming since May, and I expect it to hold to some extent. The VIX is Continue reading →
12.06.22 – TUESDAY MARKET OUTLOOK
Investors received good economic data, which was why they freaked out that the FED may change their easing of the tightening thinking, and they sold off everything they had. At least, this is what the media told us yesterday and today. But we knew that at the current levels, bears would come back to Continue reading →
Technical view: Snowflake (SNOW)
SNOW is in stage #4. The company had stellar earnings that helped to stop the downward trend but not enough to reverse it. It is still in a declining trend but attempting to break above the 50-day MA. The weekly chart indicates a possible double-bottom process as well. Given the great business model the Continue reading →
12.01.22 – THURSDAY MARKET OUTLOOK
The market broke above 200-day MA, hurray! But now that level needs to hold. We may see a consolidation at the current levels, investors taking profits, or whatever else may happen here. We may also see a complete failure as more bears will be stepping in. I will also start adding cheap butterflies to Continue reading →
11.30.22 – WEDNESDAY MARKET OUTLOOK
Well, that was it today. Powell said what we expected anyway, that the FED is slowing down their interest rate hikes, and the market melted up this time. It amazes me how irrational the market is. Just a few days, even today morning, everybody was selling everything in fear of recession; Morgan Stanley’s analysts Continue reading →
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