QUOTE(danmooncake @ Nov 17 2019, 03:13 AM)
Week #3.. collected the premium again for 3rd week but didn't get any stock assignments.
Going for week #4 next.
US market now is on sugar high...and it is creeping higher and higher.
Looking at SP500, last breakout level was 3000, now at 3120, approx 4% higher.
Supported by monetary ease by Fed of course... since July, 75bps cut in anticipation of slow down and tariff and possible recession, inverted yield curve. Now, those worries seem to be gone but a lot of anticipation that the trade deal will come out good by year end.
52 weeks high on most major indexes..
Yet, this is a much hated rally..
I agree with yok70 strategy. Don't put all in yet but leave enough cash for a pullback buy. It will come.
Leave the rest just continue to ride up with the wave. Can always re-balance portfolio a bit when it gets too high in certain sector.
I think there's a black swan to this 'coz the Hindenburg stock signal is here again.
nice premium collected. do u mind sharing which stocks premiums are you collecting?Going for week #4 next.
US market now is on sugar high...and it is creeping higher and higher.
Looking at SP500, last breakout level was 3000, now at 3120, approx 4% higher.
Supported by monetary ease by Fed of course... since July, 75bps cut in anticipation of slow down and tariff and possible recession, inverted yield curve. Now, those worries seem to be gone but a lot of anticipation that the trade deal will come out good by year end.
52 weeks high on most major indexes..
Yet, this is a much hated rally..
I agree with yok70 strategy. Don't put all in yet but leave enough cash for a pullback buy. It will come.
Leave the rest just continue to ride up with the wave. Can always re-balance portfolio a bit when it gets too high in certain sector.
I think there's a black swan to this 'coz the Hindenburg stock signal is here again.