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Joined: 28 Dec 2005
Posts: 11980
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 Posted: Sat Apr 02, 2022 6:01 am Post subject: Next Week Trading (Apr 2nd) |
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Next Week Trading (Apr 2nd):
SPX closed at 4,546 Friday. The daily NYMO has been between 40 and 70 the past two weeks, which suggests a pullback. SPX may fall to 4,400 later this month? And, it seems, SPX will rise to 4,800 by July? The best trade may be buying puts, if SPX rises to 4,800, because it'll likely fall to 4,000. Also, if the daily NYMO falls to negative 50, that's an opportunity to start buying calls. I plan to wait for better opportunities.
My portfolio is about $1,135,000 including $1,134,200 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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