Bulk of Mrs Lee’s portfolio is in PLTR. Is red now. A few greens, AAPL BRK NOW. I have these three stocks.
Today’s inflation news wasn’t great, and the CPI data came in worse than expected. However, I believe the Fed won’t raise interest rates this month, so I just placed a 50K bet on Kalshi that there will be no rate hike in October. If I’m right, I’ll make around 28K in profit. But if I’m wrong, I’ll lose the entire 50K.
1 Like
I didn’t look into the details of the report but rates are plunging even as oil rises. Must have been some good news in there.
Once all the bad news is out, all that’s left is good news.
Market current bottom is Friday ! Now onwards likely another cycle !!
IWM, QQQ, SMH will be better now. Good Luck !
2 Likes
looks like a spot on prediction
Now, another prediction. All the sell off is over by now today. I was waiting for confirmation. Hereafter nice bull run pick up next week.
And then, we do not know what can happen.
Good Luck !
1 Like
Looks like a pull back tomorrow, very likely ! Careful. It may be pull back or permament damage, it is all left to FED now !
1 Like
Sold out of my skhy calls today before earnings for a decent profit.
Still have soxl and dram calls Dec/jan. Wish me luck!
Sold All SOXL as I do not want to take risk, profit booked (no tax as this retirement accounts).
Just took some statistics about election time changes.
Ha ha ! Now, another cycle ends, hopefully market completes the bottom of the cycle today, started buying with 25% of cash, keeping balance under risk management.
Anyway, this cycle may change depends on election results. Never know the future, risk management is essential to win the game, be careful and be warned.
However, ultimately market goes to correction or recession until FED says not raising rates either in Dec mtg or Mar mtg, until then, we can not judge it is completed.
[edit] I made it 60% into market today, balance 40% risk cash.
Good Luck to you all. I plan to stay away from updates (as someone may bounce on me soon when I am wrong).
4 Likes
I have more SOXL call spreads now than I did on Friday. Do you think we’ll get a bounce on Wed? At this point, I think Dems winning Congress has to be baked in.
Also been swing trading SOXL itself. Not buying SOXL directly yet.
I don’t actively trade but I think the election is a non-event. No veto proof majority in the Senate - even if the Dems win it - means endless show trials and then government shutdowns every time we need a budget. All of which has little effect on markets. Control of Congress has flipped at least four times in the last 25 years. It never had any significant market impact.