Lawrence Chan's Blog, page 11
September 2, 2023
TLC Weekly Update September 2, 2023
Another Non-Farm Payroll week that caught the perma bears by surprise. And the silly bulls are dancing and celebrating their victory. Both camps should calm down and enjoy this long weekend. Relax! Next week can be something completely different, again. I found this documentary on Mrs. Watanabe a great summary on this subject and its …
August 26, 2023
TLC Weekly Update August 26, 2023
What a week for the stock market – NVidia blowoff earning midweek and Powell hawkish statement on Friday gave the world completely opposite outcomes based on normal expectations. Nvidia earning sent its stock price up 11% on Wednesday night but then on Thursday all that gain were wiped out during normal market hours. Powell hawkish …
August 19, 2023
TLC Weekly Update August 19, 2023
Option expiration week ended with SPX closing at the lowest level over the past few weeks. It is not something unexpected because of the largest technology companies had a huge rally earlier this year. Even if they are not crashing down, taking a breather for a few weeks is reasonable. The biggest news in the …
August 12, 2023
TLC Weekly Update August 12, 2023
After 2 weeks of volatile swings in the stock markets, we had a relatively quiet Friday to conclude the week. Next week we have option expiration week again for the month. I think another volatile week is coming so get ready to deal with it my fellow traders. For those of you tracking many markets, …
August 5, 2023
TLC Weekly Update August 5, 2023
The first week of August was also the end of July 2023. What a week! The extreme opposite reactions to the earnings of Apple and Amazon is a sight to behold. funny thing is, they kind of offset each other and leaving the stock market indices mostly going nowhere on Friday. To understand better how …
July 29, 2023
TLC Weekly Update July 29, 2023
FOMC did another rate hike this week and immediate reactions to that was absolutely nothing burger. What happened the day after got even more interesting as S&P rushed to a new year high and collapsed straight back down. Some said the selloff was due to Bank of Japan’s failure in containing their government bond problems. …
July 22, 2023
TLC Weekly Update July 22, 2023
Option expiration Friday for the month ended up printing another year high for major indices. Many people keep crying that the market is very over valued and a crash is coming. But what they have been preaching for months now has not happened. I am not saying that the bears are wrong and the bulls …
July 15, 2023
TLC Weekly Update July 15, 2023
Another funny week of pushing the stock market indices higher. People rush in to explain why it is happening but all their explanations are after the fact kind of response. None of them can foretell what to expect before it happens. Sometimes things are as simple as some squiggly lines I draw randomly on a …
July 8, 2023
TLC Weekly Update July 8, 2023
Another Non-Farm Payroll report is out and not much reaction to that comparing to the last few ones. This stock market is waiting for the next event to drive it higher or lower. Without one, it does not know what to do. Gareth Soloway on David Lin’s show talking about bitcoin and stock market in …
July 1, 2023
TLC Weekly Update July 1, 2023
Second quarter of 2023 ended with a bang printing another new year high for S&P500. How high can it go is the buzz all over this weekend. Macro guys like Alf are bearish for a good reason. However, without better timing, many macro players are deep in red and can only hope the recession will …
