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 (Dec 23rd)

 
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: 11958

PostPosted: Thu Dec 23, 2021 6:43 pm    Post subject: Next Week Trading (Dec 23rd) Reply with quote

Next Week Trading (Dec 23rd):

Given the 200 point SPX run-up, since Monday, and close today at 4,725, I expect a pullback or consolidation period next week. The daily NYMO rose from negative 48 Monday to positive 36 today. Also, VXX fell little compared to the SPY rise. Typically, VXX has a bigger percentage downside move with a SPY rise. And, sometimes rise together, which often precedes a SPY pullback. I expect VXX to rise above 30 sometime before March options expire, but will take advantage of volatility to trade. I plan to trade only VXX and BABA calls next week and SPY puts.

My portfolio is over $545,000 including $259,000 in cash.

Calls Contracts-Shares Long

VXX Feb 20 2022 300
VXX Mar 22 2022 300
BABA Feb 120 2022 40
BABA Mar 120 2022 20

Puts Contracts-Shares Short

SPY Feb 475 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.
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