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#11 Rich C

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Posted 25 November 2017 - 11:07 AM

I put considerable thought into my latest blog entry in the Geo Politics section, which also references my Oct. 8 entry.  They represent some of my current big picture ideas, if you're interested.  I welcome any feedback in this topic.  Just hit the link in my signature.

 

I haven't been doing too much lately, but I did pick up some Celgene, Qualcom and Viacom, which are all doing well since I got in.  I got in Qualcom at 52 I think, the next day it jumped on takeover rumor.  I sold Qualcom at 65, but will buy some call options.  If the deal falls through, I don't want to ride it back down to 52.  


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#12 Rich C

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Posted 13 December 2017 - 11:13 PM

My trading is muted in here.  Still holding Celgene and Viacom, sold covered calls on them, will do well if they get called, and will sell higher priced calls if they don't.  Both are Dec 22 calls.  I've been making small daily buy in SPY and IWM.  To me, much is being driven by tax cut politics, but like some pundits say, it could be a "sell the news" event in the short term.  I picked up a little GLD and SLV today, they looked washed out.  With the economy strengthening at least I don't think there's much downside right now.  I heard Jeff Gundlach today, he made sense.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#13 Rich C

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Posted 02 January 2018 - 11:49 PM

I bought the market today, SPY and IWM.  The Viacom above got called at a nice quick profit.  Celgene covered calls hit the strike price at 110, then fell back, so I still have it.  Now I'm trying to sell some 115 calls.  My small allocations of GLD and SLV are up, SLV doing better, but getting overbought.  I still have plenty of cash, but will keep buying if we keep rallying.  The tax cut and cash repatriations used for stock buybacks and dividends, or M&A, all bode well for the market this year.  If the supply of stock goes down and the central banks keep the world flush with cash, it seems the stocks will keep going up, except for periodic corrections.  I'm a cautious bull.  I picked up a little TBT around 33.75, that's up now. 


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#14 Rich C

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Posted 06 January 2018 - 02:09 PM

After a big buy in SPY on 1/2, I made another on 1/3, and bought more on Thur. and Friday.  I'm about 80% in.  I allocated some to IJT for small caps, but they have not participated as much as SPY.  I sold my SLV, it was well overbought and had gone straight up, but I kept the GLD for the time being.  I did get the Jan 19 CELG 115 covered call sold, decent premium for a 3 week hold.  The option expires before CELG reports earnings, so even with good earnings hopefully it doesn't spike before the 19th.  I'd like to keep the stock and sell another covered call after earnings.  On the SPY, even if there is a pullback, I expect it to be minor.  There's just too much good news out there and it appears to be swamping the overbought technicals right now.  If the market starts going sideways, I'll probably lighten up a bit.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#15 Rich C

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Posted 09 January 2018 - 06:20 PM

I'll watch how we open tomorrow, but something down would not surprise me.  I am thinking I will start lightening up Wed.  The rally looks extended to me.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#16 Rich C

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Posted 11 January 2018 - 12:43 PM

I have not sold anything yet, but I know the location of the sell button.  One day does not a trend make, for me.  It's earnings season, and those have been good the last few years.  Lots of "beats".  The banks are going to take some writedowns, due to the tax cut bill, but I think they will be understood and given a pass.  I expect the guidance will be pretty good, due to the tax cut bill.  If earnings come in strong and guidance is strong, this rally could go on for another 4 weeks.  The technicals look extended, but if the news is positive day after day, the risk to the market would have to come from an outside force (N. Korea, Ukraine, Iran), and that's a long shot (but always can happen).  The market will have to show me a little more seriousness about going down before I hit sell, and simply an extended technical indicator is not serious market action.  An extended technical indicator is more of a flashing yellow caution light to me.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#17 Rich C

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Posted 17 January 2018 - 12:58 AM

I sold a bit on Monday, took about a quarter of the SPY off.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#18 Rich C

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Posted 25 January 2018 - 11:00 AM

Took another quarter of the SPY off.  Down to about 40% long.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#19 Rich C

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Posted 30 January 2018 - 10:23 AM

I sold the rest today, I'm outa there.  I think this is a short term reaction, so I plan to buy when the selling is done.  I'll be watching for a buy list.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.


#20 Rich C

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Posted 06 February 2018 - 05:13 PM

I started buying back in today, not heavy buying.  Picked up some AMGN and SPY.


Blogging at http://RichInvesting.wordpress.com

 

My swing trades typically last a couple of weeks to a couple of months and I focus on SPY.