PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

Next Week Trading (May 20th)

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Trading Log *All Categories Free For Limited Time*
View previous topic :: View next topic  
Author Message
administrator
Site Admin


Joined: 28 Dec 2005
Posts: 11966

PostPosted: Fri May 20, 2022 12:49 pm    Post subject: Next Week Trading (May 20th) Reply with quote

Next Week Trading (May 20th):

SPX closed one point higher at 3,901. The weekly SPX RSI is 30, which suggests SPX will either rally next week or have a ninth down week in a row. If SPX falls next week, it'll likely do it quickly and perhaps substantially (a capitulation?), then recover most or all its losses the following week, and rise thereafter. Volatility can make some big gains quickly. I basically plan to continue trading the same calls. SPX may reach 4,300 next month. I'm still busy in the mornings, but have time to reset two or three limit orders.

My portfolio is about $1,470,000 including $1,377,700 in cash.

Calls Contracts-Shares Long

SPY Jul 390 2022 20
AMZN Jun 2,200 2022 3
IWM Jul 175 2022 20
BABA Jul 90 2022 20

Puts Contracts-Shares Short

None

Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Trading Log *All Categories Free For Limited Time* All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002