- Schaeffersresearch.com: very bullish long term. They are predicting a year end rally.
- Chartadvisor.com: none available for this week.
- Vix: 17.52.
- Risk factors: obviously the debt ceiling issue is going to affect the market this week. With both parties caring more for politics than the welfare of the country, we still hope there will be some solution to this gridlock, even if a temporary one.
My personal take: I will buy any market weakness. The investment term should be medium term (months to at least year end). One possible play is to by SPX call options that will expire in 6 months or so and hold it until year end.
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
I need to thank you such a lot of for the work you have made in writing this blog post. I am hoping the same effective job from you later on also.
It is a thing I need to find more information about, i appreciate you for the publish.