PeakTrader.com

[administrator]

Next Week Trading (Feb 17th):

SPX closed the week at 4,079. It hasn't been able to rise above 4,200 and has support at 4,050, 4,000, 3,978 (50 day MA), and 3,943 (200 day MA). The trend is likely a continuation of a trading range. If the daily NYMO falls below negative 50 (currently negative 46), that will be an opportunity to start buying SPY calls. If GOOG bounces, e.g. to 97, I'll sell. BABA reports earnings Thursday. I'll start buying SPY calls, e.g. if SPX 4,025 next week. I plan to continue light trading or take a break soon, because it's harder or riskier to make gains compared to last year.

My portfolio is over $2,565,000 including $2,142,200 in cash.

Calls Contracts-Shares Long

BABA 2,000 shares
GOOG 2,000 shares
DNA 20,000 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.