Month: January 2021

2021-01-24 Sunday

WEEKLY MARKET OVERVIEW With the new US president finally at the White House, this four trading days week has seen most indices recovering from the previous week’s losses and back to a test of all-time highs. Weekly performance:– SPY (S&P500) +1.91%– QQQ (Nasdaq100) +4.35%– DIA (Dow Jones Industrial) +0.60%– IWM (Small Caps) +2.02% The SP500 (SPY) broke out to all-time highs on the …

2021-01-24 Sunday Read More »

2021-01-14 Thursday

Finally, Thursday was a red day with selling pressure during the entire session and in most areas of the market. Anyway, looking at the SPY chart we can see at last candle as just a small pause on an otherwise positive trend. On the other hand, small caps (IWM) are continuing the run on the …

2021-01-14 Thursday Read More »

2021-01-13 Wednesday

Wednesday has been another relative quiet day with mixed price action between various sectors and major stocks. With already a CSP expiring this week I decided to take a chance on AMD pullback and open a new CSP at the same $89 strike but expiring on 01/22. SWK has been one of the worst daily …

2021-01-13 Wednesday Read More »

2021-01-12 Tuesday

Tuesday has been another day of choppy price action with most indices going flat for the day except small caps (IWM) that once again pushed to new all-time highs with a solid green candle. Mixed behavior between major stocks with a pocket of strength inside industrial and energy sectors. TSLA is still trading in its …

2021-01-12 Tuesday Read More »

2021-01-11 Monday

Choppy price action throughout the entire Monday’s session with major stocks showing mixed behaviors. Headlines remain heavily negative but stock owners keep holding and looking for higher prices. That is confirming the strength of a market that refuses to go down on bad news. Finally, also TSLA took a break after the recent wild run! …

2021-01-11 Monday Read More »

2021-01-07 Thursday

Not much to say for Thursday’s trading session rather than market participants quickly forgot Monday’s selloff and the tragic news from Washington. Most mega-tech-companies recovered in full from recent weakness and were between the strongest stocks of the day. The only negative aspects I can notice are the red candles just before the close (quite …

2021-01-07 Thursday Read More »