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Next Week Trading (Dec 10th)

 
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PostPosted: Fri Dec 10, 2021 6:25 pm    Post subject: Next Week Trading (Dec 10th) Reply with quote

Next Week Trading (Dec 10th):

Normally, when the daily NYMO falls below negative 50, it eventually rises to 50. Currently, it's negative 10 with SPX at 4712. So, it's likely, SPX will continue the uptrend into the end of year. However, some valuations (e.g. P/E's) are high and there will likely be a pullback to SPX 4,400 early next year. I plan to buy QQQ and BABA Jan calls on pullbacks, and buy Feb and Mar puts on bounces, e.g. SPY MSFT and AAPL, along with VXX calls.

My portfolio is at $475,000 including $263,600 in cash.

Calls Contracts-Shares Long

VXX Feb 20 2022 50
VXX Mar 20 2022 50
BABA Jan 120 2022 10
BABA Jan 130 2022 10
SLB 4,000 shares

Puts Contracts-Shares Short

SPY Feb 470 2022 20

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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