Lawrence Chan's Blog, page 6
August 10, 2024
TLC Weekly Update August 10, 2024
What I week we just went through in the US stock market! SPX ended the week with almost no change from last week’s close. Many FURUs come out from hiding after being caught dead wrong last week, claiming they are 100% correct that this dip is a buying opportunity … Next week is option expiration …
August 3, 2024
TLC Weekly Update August 3, 2024
A brutal week for the stock market ended with quite a few big techs losing more than 20% from their all-time-high. The indices fair better because of the weighting factor – as these big techs drop, their weighting in the indices also drop so we do not see the full impact at all if you do …
July 27, 2024
TLC Weekly Update July 27, 2024
The first significant decline in the stock market since the bottom from last year has many people guessing whether this is a buying opportunity or the start of something more serious. I still do not understand why people can’t even remember simple structural biases after more than 100 years of the existence of the US …
July 20, 2024
TLC Weekly Update July 20, 2024
So funny that SPX has to print 5666 this week, a tad higher than last week’s high, before the selloff was allowed to happen. Now that the message was sent. Let’s see if it can produce a reasonable correction over the coming weeks or months. I was asked to provide my view of the markets …
July 13, 2024
TLC Weekly Update July 13, 2024
Another record high for the SPX at 5655-5656 on Friday. As I explained in real-time to my site’s members, this is a very important milestone due to multiple reasons. Coming two weeks will be very interesting as we enter the election months. I think we need to spread this video to a lot more people – …
July 6, 2024
TLC Weekly Update July 6, 2024
Holiday week finally over and made yet another new all-time-high close for the week. Non-farm payroll week bias once again another winner. Next week will be the official start of the summer holiday season. Thin volume is expected and trading will become more erratic. Just like what I mentioned in last issue of my monthly …
June 29, 2024
TLC Weekly Update June 29, 2024
Second quarter of 2024 ended yesterday with a bang. Highest level of bullish sentiment for the stock market while the volatility index continues to be smashed every day. Now that we are entering the US election months. Things may change. Finally, the pig butchering scam explained with sarcasm. Nice one from Patrick Boyle again. A …
June 22, 2024
TLC Weekly Update June 22, 2024
Quarterly expirations of the index futures, options on stocks and indices, etc. this Friday did not produce a bang that many people called for. In fact, the day did almost nothing in terms of intraday volatility. This is all because of the opposite price actions of NVidia and Amazon. Now that the second quarter of …
June 15, 2024
TLC Weekly Update June 15, 2024
What an eventful week we just experienced. All 3 big techs making new all-time-high while the rest of the world collapsed due to France’s government bonds facing existential crisis. Should this bond crisis of France spread to US, will it break the animal spirit of the tech bulls? I don’t know. What I know is …
June 8, 2024
TLC Weekly Update June 8, 2024
Another non-farm payroll week finished and again successfully pushed higher into Thursday / Friday as usual. What happen after that will be very interesting because we have a late option expiration this quarter end by 21st. So the fight to contain the upside already started. My guess is that option market makers will want to …
