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 18th)

 
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 18, 2022 9:50 pm    Post subject: Next Week Trading (Nov 18th) Reply with quote

Next Week Trading (Nov 18th):

SPX finished the week about where it started the week - at 3,965. The 4,000 level has been resistance and the (declining) 200 day MA is 4,067. Seasonality is bullish. However, a recession next year is likely with the Fed hiking, particularly with the Fed being behind the curve. The 50 day MA is 3,790. It's likely SPX will trade between the 50 and 200 day MAs next week. It traded between 3,900 and 4,030 last week. The daily NYMO is at 24. I plan to start buying SPY calls when it falls below negative 50, given it's the most reliable technical indicator at oversold levels, although not perfect. The farther the fall below negative 50, the bigger the snapback.

My portfolio is about $2,445,000 including $2,443,500 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.
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