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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sat Feb 22, 2020 4:16 am Post subject: Next Week Trading (Feb 22nd) |
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Next Week Trading (Feb 22nd):
The most reliable technical indicator is the daily NYMO. When it falls below negative 50, that's the time to buy, e.g. SPY. It's best to wait for the buying opportunity. Currently, it's negative 21. I expect SPY to fall below 300 before the June options expire. So, I plan to buy more puts on market bounces. Later in the week, there may be an opportunity to trade options that expire in one to three days, e.g. on TSLA or AMZN.
My portfolio is about $205,000 including $135,300 in cash.
Calls Contracts-Shares Long
None
Puts Contracts-Shares Short
SPY Jun 330 2020 70
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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