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 (Jan 14th, Updated)

 
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: Fri Jan 14, 2022 5:56 pm    Post subject: Next Week Trading (Jan 14th, Updated) Reply with quote

Next Week Trading (Jan 14th, Updated):

SPY closed at 464 3/4. It may be creating the right side of a bearish head & shoulders pattern. After the Santa Claus rally in late December and early January, SPY reached an all time at 480 and was between 475 and 480 for six trading days, which may be the head of the pattern. So, going forward, SPY may not rise much above 470 and fall towards 450 again, e.g. in early February. Over the next couple of weeks, it may trade between 460 and 472. If SPY rises to the high 460s, I'll sell the IWM calls and buy more VXX calls. Also, I'll start buying SPY puts. BABA may rise six or seven points. VERU may at least double sometime this year. I'm still too busy in the mornings to update and can only make quick order adjustments. Also, I have three option trading accounts. So, totals may be inaccurate till end of day -------- Update: If the VXX calls don't rise enough to sell much, I'll buy SPY and QQQ calls to hedge somewhat.

My portfolio is at $590,000 including $417,600 in cash.

Calls Contracts-Shares Long

IWM Feb 215 2022 50
VXX Feb 16 2022 50
VXX Mar 18 2022 100
VXX Jun 20 2022 140
BABA Jun 125 2022 10
VERU 2,000 shares

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