Lawrence Chan's Blog, page 12
June 24, 2023
TLC Weekly Update June 24, 2023
Post option expiration week gave us a pullback in the stock markets. It is reasonable and expected. What changed however is the sudden turn of events with Russia over the weekend. Reports keep comin in and we can’t tell if this will turn into someone endangering everyone in the world. On the surface it is …
June 17, 2023
TLC Weekly Update June 17, 2023
Another option expiration week is now over. It was quarterly expiration of index options, index futures, and all kinds of options. Making things even more complicated, FOMC announcement was set on Wednesday. If I were option market makers, I would be on the edge as well. About the FOMC decision that they pause the rate …
June 10, 2023
TLC Weekly Update June 10, 2023
Another week printing new high for the year by the major stock market indices definitely drives the bears crazy. But that’s the nature of an up trend – as long as the up trend is intact, the momentum build up can lead to explosive up moves catching many people by surprise. Next week is quarterly …
June 3, 2023
TLC Weekly Update June 3, 2023
Another NFP week was over and market participants are shouting against each other as the opinions of what will happen in the near future are so extreme on the two opposite ends. Bulls are all high and calling victory already but seriously? It was NFP week and the bias for the week worked perfectly as …
May 27, 2023
TLC Weekly Update May 27, 2023
Another week of roller coaster ride in the stock market thanks to the idiotic debt ceiling drama and the so-called surprise earning results from Nvidia. As usual, those so-called major financial firms came out upgrading their price targets for Nvidia after it has reached the level already. I am quite skeptical if Nvidia stock price …
May 20, 2023
TLC Weekly Update May 20, 2023
This Friday option expiration stayed in tight range pinned at the SPX 4200. It is clear that bears who tried to time this market top who are overleveraged are now cleansed from the game. They are not wrong per se based on broad measurements of the stock market. However they failed to take into account …
May 13, 2023
TLC Weekly Update May 13, 2023
Another interesting week has passed with the US stock market continues to be trapped inside a tight range. Bulls believe we are going to see a new high soon because of whatever reason they can come up with. Bears insist that so far this is a dead cat bounce and reality will hammer the market …
May 6, 2023
TLC Weekly Update May 6, 2023
NFP week ended with a wild roller coaster ride all week. FOMC announcement on Wednesday did some damage to the stock market however the earning report from Apple turned the market around hard on Friday. Yet, it so funny to see that at the end, S&P500 is still stuck in the same place, again, by …
April 29, 2023
TLC Weekly Update April 29, 2023
Month end for April managed to send the stock market indices closing above the first quarter close. That’s a powerful message sent to the world that the stock market is going to go much higher … for those who want to be scammed. This works only when more than 50% of the components in the …
April 22, 2023
TLC Weekly Update April 22, 2023
Another option expiration week ended in absolute stalemate between the bulls and bears. Funny enough, it looks like everyone from the hedge fund industry told me they are forced to buy in the hope of a melt up from here … I don’t know what to say. Here is a video on the stock market …
