administrator Site Admin
Joined: 28 Dec 2005 Posts: 11966
|
Posted: Fri Feb 10, 2023 5:11 pm Post subject: Next Week Trading (Feb 10th) |
|
|
Next Week Trading (Feb 10th):
A recession is almost a certainty, but it may not begin till the second half of year. In the meantime, the market may be in a trading range or in an uptrend. So, it may be best to buy relatively undervalued stocks that are good long term holds, which include BABA GOOG DNA IWM and ARKK. Currently, the daily NYMO is negative 43. So, if the market pulls-back early next week, e.g. on CPI Tuesday, that may be a buying opportunity, including SPY calls. Given almost a certainty of a recession, from leading economic indicators, although postponed, if the market is substantially higher later this year, SPY or QQQ Sep or later puts are buys.
My portfolio is over $2,550,000 including $2,024,500 in cash.
Calls Contracts-Shares Long
BABA 2,000 shares
GOOG 3,000 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. |
|