Lawrence Chan's Blog, page 13
April 15, 2023
TLC Weekly Update April 15, 2023
US stock market again pushing higher this week, even though so many financial pundits calling for the stock market to go much lower with their magical turning dates. Personally I know for a fact that major downturn is coming to the US stock market no matter what the bulls believe in. But I don’t have …
April 8, 2023
TLC Weekly Update April 8, 2023
After the spectacular first quarter rally in the stock market, things suddenly look not as bullish anymore. For some mysterious reasons, quite a number of large financial firms came out calling for lower price levels in coming months. This sudden change of tune, of course, upset many bulls. For the die-hard bull fans, they think …
April 1, 2023
TLC Weekly Update April 1, 2023
End of first quarter of 2023 gave us a rally that destroyed most of the bears, just like what happened last year, multiple times. The signs of the squeeze was coming are there – very bearish sentiment, hedge funds all loaded up on the short side, etc. So it is not a surprise at all …
March 25, 2023
TLC Weekly Update March 25, 2023
Another eventful week where the stock market rallied into FOMC rate decision and dropped hard right after. Yet, by Friday, magic buying came back and S&P successfully go back to the middle zone of this year’s range. Blockworks’ Alfonso Peccatiello sees a recession coming quickly and that can take down the stock market too. An …
March 18, 2023
TLC Weekly Update March 18, 2023
This quarterly option expiration Friday facing all kinds of twist and turns from bank runs on US regional banks and Credit Suisse getting worse and worse with its situation. Yet, S&P500 has shown the world that it is not ready to go lower, even under sure pressure on the banking sector. Maybe, the actual damage …
March 11, 2023
TLC Weekly Update March 11, 2023
Next week is going to be a very difficult option expiration week not only because it is a quarterly option expiration, but that we have major economic data like US CPI, PPI, and then ECB rate decision, etc. It will be a mess to deal with … The biggest news for this week was the …
March 4, 2023
TLC Weekly Update March 4, 2023
This month we do not have Non-Farm Payroll report on the first week. Instead it will be next week due to February being a shorter month than the other months. The usual NFP week bias, however, will face a serious challenge this coming week with Powell going to speak for 2 days in a row. …
February 25, 2023
TLC Weekly Update February 25, 2023
We just witnessed a week of intense bull bear fight for control of the stock market narrative that ended, again, indecisive. The animal spirit of the retail investors is very clear that they want a piece of this new bull market while the bears are cashing out. Which side is right? Well, the answer is …
February 18, 2023
TLC Weekly Update February 18, 2023
The option expiration Friday yesterday was a perfect example how the MSMs always bullshit their way to put a story on what happened after the fact. There is really no need to do so. But then if all they do are telling the truth, there is no need of them at all, right? Charlie Munger …
February 11, 2023
TLC Weekly Update February 11, 2023
When every single guru out there calling for higher prices in stocks, the CPI figures from past few months all revised higher. In shock, many people sold their stocks and in turn took the indices lower. But seriously, isn’t that obvious since it was the midterm election? I am not saying “someone” intentionally distorted those …
