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 20th)

 
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: 11966

PostPosted: Fri Jan 20, 2023 8:35 pm    Post subject: Next Week Trading (Jan 20th) Reply with quote

Next Week Trading (Jan 20th):

SPX closed the week at 3,973. There will be some big earnings reports next week, including MSFT TSLA JNJ GE TXN MMM BA INTC CVX KLAC and AXP. There are some bullish indicators. Sentiment has been very bearish for a long time, the economy is holding up well (real GDP growth and labor market), inflation has slowed, the Fed may raise rates 25 basis points two more times and then pause, etc.. A recession may not begin till Q3 2023. One big reason inflation slowed is oil prices fell from roughly $120 to $80. I'll be looking for a SPX breakout and uptrend into middle of year. SPX resistance is around 4,020. If it breaks out, it may rise to 4,250. Perhaps, TLT will pullback more if that happens, which would be a buying opportunity, along with SPY Oct or Nov puts. Anyway, I'm mostly on the sidelines for a while.

My portfolio is over $2,510,000 including $2,495,400 in cash.

Calls Contracts-Shares Long

DNA 10,000 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