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 (Nov 11th)

 
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 Nov 11, 2022 5:43 pm    Post subject: Next Week Trading (Nov 11th) Reply with quote

Next Week Trading (Nov 11th):

SPX closed the week at 3,993. A significant resistance level is the (declining) 200 day MA at 4,081, which was August resistance. SPX will likely be in a upper trading range, e.g. 3,950 to 4,100, next week, and there will be opportunities to capture some gains, e.g. on three to five point SPY moves. I'll be busy in the mornings. However, I'll continue to buy SPY puts on market bounces and sell some on market pullbacks. A recession is likely next year, although SPX may be in an uptrend over next few weeks. I'll also buy BABA and TLT on pullbacks, and keep some BABA calls when earnings reported Thursday. I've actually wanted to take a break from trading, but found myself too involved. I may be out of the market soon and just wait for an excellent opportunity.

My portfolio is about $2,405,000 including $2,057,200 in cash.

Calls Contracts-Shares Long

TLT 2,000 shares
BABA Jan 65 2023 50
BABA Jan 70 2023 20

Puts Contracts-Shares Short

SPY Feb 400 2023 20
SPY Mar 400 2023 20

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