Lawrence Chan's Blog, page 15
November 27, 2022
TLC Weekly Update November 26, 2022
US Thanksgiving week ended with the US stock markets edged higher a little, just like most of the past Thanksgiving weeks. What is interesting is that next week we will get early reporting on retail sales figures over the Black Friday weekend which can set the tone for the stock market or create a rush …
November 19, 2022
TLC Weekly Update November 19, 2022
This option expiration Friday we got this whiplash move within 10 minutes from close on all the major indices. I’ve read that another $2.1 trillion dollar worth of options to be settled on Friday. What a way to end the week. I did not forget to write my weekly blog last week. I couldn’t because …
November 5, 2022
TLC Weekly Update November 5, 2022
What a Non-Farm Payroll Week we experienced. Chairman Powell, once again, has made it clear that the Fed will fight inflation and keep rate at higher level until inflation comes back down to their target. Yet, all we hear from MSM and those talking heads is that Fed will “pivot” soon. Such misleading bullshit shapes …
October 30, 2022
TLC Weekly Update October 29, 2022
Another week of crazy swings in the stock markets worldwide. As of today, the only things I read and watch everywhere is that the stock market can go higher from here. Notice that so far, there is no panic selling from the retail side yet. We are talking about ten months of stock market decline …
October 22, 2022
TLC Weekly Update October 22, 2022
Another option expiration Friday was over. How dramatic it was has proven the US stock market is very messed up. A recycled old story from a ethically questionable newspaper on what Fed is going to do, together with a completely timed statement made by a Fed governor right around market open, tells you that the …
October 15, 2022
TLC Weekly Update October 15, 2022
The S&P500 index closed at its lowest level for the year even after European Central Bank came out with their lies about much lower anticipated interest rate going forward on Thursday. Some people may call me spreading misinformation about ECB. But I stand by my words – the timing of the announcement is exactly the …
October 8, 2022
TLC Weekly Update October 8, 2022
Another Non-Farm Payroll week ended with total chaos by Friday close. Yet, the NFP weekly bias still worked out perfectly. Isn’t that amazing? There are lots of talks about “Fed pivot”. I posted on twitter reminding everyone that whatever the Fed is going to do with interest rate at this point no longer matters. It …
October 1, 2022
TLC Weekly Update October 1, 2022
Finally, after a whole week of struggle near the year low made back in June, it was taken out the last minute going into close on Friday. Majority of the trading world was calling for a bounce due to oversold. Seriously, do they know that month end have strong bias for going lower? One has …
September 26, 2022
TLC Weekly Update September 26, 2022
This past weekend I took the plunge to move all the stuff I stored in my commercial storage back to my house. It took three movers, a 30-feet truck and 4 hours to move all the items. After that I spent many hours of back breaking labour to tidy up my place so that I …
September 18, 2022
TLC Weekly Update September 17, 2022
Quarterly option expiration Friday produced no fireworks all day and settled pretty much within the day’s range. Some people suggested that we would see a major rally from open while others speculated that we would get a panic crash day. Sometimes too much conviction in a narrative would blind you from seeing the reality … …
