Archive

Filter

The bull market's momentum persists, as evidenced by the S&P 500 reaching a new all-time high last week. Since the inception of this bull market 478 days ago, the S&P 500 has surged by 38.4%. At first glance, this figure might appear substantial; however, a deeper dive into historical data reveals a broader perspective. When we juxtapose this current performance against the historical average return of 114% for bull markets, as well as the median return of 76%, it becomes evident that there's potentially considerable room for growth. This historical context suggests that, despite the impressive gains thus far, the journey of this bull market may still be in its relatively early stages. This week we are going with a neutral double diagonal on Micron Technologies (MU), and a bull call spread on AstraZeneca (AZN). Read More

The financial markets experienced a positive week, with notable gains across major indexes. The S&P 500 ETF (SPY) saw an increase of 1.03%, while the Dow 30 ETF (DIA) rose by 0.66%. The Nasdaq 100 ETF (QQQ) also enjoyed an uptick, gaining 0.62%, and the Russell 2000 ETF (IWM) led the performance with a 1.84% rise. Given the bullish momentum observed in recent weeks, a period of consolidation in the coming weeks would align with typical market cycles and would not be unexpected. This week we are going with a neutral double diagonal on Nike (NKE), and a bull call spread on VanEck Vectors Semiconductor ETF (SMH). Read More

This week we have one roll and one closeout. We also have Amazon expiring for a modest gain, but its close. We will keep an eye on it and publish a trade alert if needed. The trade alert could be last minute, so be prepared. Read More