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Next Week Trading (Jul 18th)

 
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PostPosted: Sat Jul 18, 2020 3:55 am    Post subject: Next Week Trading (Jul 18th) Reply with quote

Next Week Trading (Jul 18th):

My projections are GE will rise to about 8 1/2 around July 29th when it reports earnings and to 11 by January. And, QQQ will fall to around 230 by September or October. Then, expect a new QQQ or SPY high early next year. On a substantial pullback, I'll be looking to buy an oil stock.

My portfolio is about $110,000 including $63,300 in cash.

Calls Contracts-Shares Long

GE Aug 7 2020 200
GE Jan 7 2021 200

Puts Contracts-Shares Short

QQQ Sep 260 2020 10

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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