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Next Week Trading (Jun 27th)

 
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PostPosted: Sat Jun 27, 2020 12:09 am    Post subject: Next Week Trading (Jun 27th) Reply with quote

Next Week Trading (Jun 27th):

Technical indicators haven't been reliable. I suspect, the stock market will either rise into the 4th of July and earnings announcements in July and fall after earnings are reported or fall into 4th of July and rally. SPY 330 may be the top (now 300). GE reports earnings July 29th and it's likely very undervalued. QQQ and MSFT may be best to buy September or later puts on a higher market, along with shorter term puts on AAPL and AMZN.

My portfolio is about $115,000 including $70,400 in cash.

Calls Contracts-Shares

GE Jan 6 2021 100

Puts Contracts-Shares Short

QQQ Sep 240 2020 10
MSFT Sep 200 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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