Lawrence Chan's Blog, page 23
May 21, 2021
TLC Weekly Update May 21, 2021
Option expiration Friday today. To the surprise of the new crop of retail traders, the stock market did not go straight up off the open. What they have mistaken as a sign of the stock market bottoming out this week is in reality the normal option expiration dynamics at work. Option market makers can’t just …
May 14, 2021
TLC Weekly Update May 14, 2021
The sell in May pattern returned this year after many years of hiatus. But then traders who started trading over the past few years would take this as a something that has no place in this new era of Fed printing until it can’t. So, we got a wonder rally today taking the stock market …
May 7, 2021
TLC Weekly Update May 7, 2021
Today is Non-Farm Payroll report Friday and I just can’t believe the so-called economists and Wall Street analysts could have estimated that there would be a blockbuster employment figure. Anyone I know who runs a business tells me that the young adults refused to work because of the support payment they are receiving. The shortage …
April 30, 2021
TLC Weekly Update April 30, 2021
Another all-time-high week for the stock markets. Now that the major big tech companies all have announced their earnings, we are entering the “Sell in May and Go Away” time window. Be ready for a normal pause in the stock market this coming month. Details of the possible scenarios is already provided to my premium …
April 23, 2021
TLC Weekly Update April 23, 2021
What a roller coaster ride for the stock markets this week. S&P started the week dropping 2% and then magically rallied all the way back up. Yet, after Biden’s capital gain tax announcement, the whole recovery was wiped out once again. Today, we are witnessing the true animal spirit of the bulls who bravely push …
April 16, 2021
TLC Weekly Update April 16, 2021
This option expiration Friday is something worth taking note of. We have all 3 major stock market indices at all time high while the expected worldwide “recovery” has turned into more lockdowns and vaccination nightmares. Is it optimism or it is pure animal instinct to bet everything on the stock market to make a few …
April 9, 2021
TLC Weekly Update April 9, 2021
Another week of record new all time high for S&P500 but not quite with Dow and Nasdaq 100. This is definitely an environment that we rarely seen in the past. As far as I remember from my long trading career, this is the second time we see this all-time-high phenomenon. Last time it was the …
April 2, 2021
TLC Weekly Update April 2, 2021
Today Easter Friday is the last day before another round of lockdown imposed on people living in Ontario here. I still do not understand why the government continues to act the way it is without paying any attention to solve the most important issue, namely, increasing the capacity of critical care. Seriously, China already demonstrated …
March 26, 2021
TLC Weekly Update March 26, 2021
Another week of roller coaster ride with Dow shot back up near all time high while Nasdaq 100 resumed its sell off. S&P got caught in between and could not decide which one to follow. This makes life difficult for many pro traders I know. For those of you wondering where the market is heading, …
March 19, 2021
TLC Weekly Update March 19, 2021
Another hectic week is over with Dow hitting 33200 for the first time in history. For investors and active traders, where the stock markets are heading from here can be tricky. Multiple factors from inflation to no more stimulus can disrupt this gravy train suddenly. It will be very interesting to see where the stock …
