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Next Week Trading (Dec 25th)

 
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PostPosted: Sun Dec 25, 2022 9:12 am    Post subject: Next Week Trading (Dec 25th) Reply with quote

Next Week Trading (Dec 25th):

SPX closed the week at 3,845. Technical and sentiment indicators suggest a Santa Claus rally or at least a volatile trading range, e.g. SPX 3,800 to 4,000. So, gains on SPY calls are likely. I'll buy SPY calls if SPX falls to 3,800. There likely will be a bigger pullback in the first quarter next year, e.g. SPX to 3,000. Anyway, it may be best to stay out of the market, unless SPX rises to 4,000 to buy puts or the daily NYMO falls to below negative 50 to start buying calls. I'll be busy most mornings, but plan to do light trading with limit orders, until an excellent opportunity shows up.

My portfolio is over $2,460,000 including $1,945,500 in cash.

Calls Contracts-Shares Long

TLT 1,000 shares
TSLA 500 shares
BABA 500 shares
ARKK 10,000 shares

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.
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