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Joined: 28 Dec 2005
Posts: 11979
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 Posted: Fri Mar 31, 2023 9:44 pm Post subject: Next Week Trading (Apr 1st) |
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Next Week Trading (Apr 1st):
QQQ rose from 305 to 321 in last four trading days and from 285 in last 15 trading days. There likely will be volatility soon, including perhaps a 10 point QQQ pullback. So, I plan to start buying QQQ MSFT or AAPL shorter term puts next week. Also, I may buy BAC and TLT shares on pullbacks. Core PCE fell to 4.6%. However, still above the Fed's 2% target. GDPNOW shows 2.5% real growth. A recession is still very likely, later this year. QQQ may top around 330 later in April before a more substantial pullback.
My portfolio is over $2,780,000 including $2,780,500 in cash.
Calls Contracts-Shares Long
None
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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