Schaeffersresearch.com: although the market has been miserable, there are signs of a market bottom: VIX stayed below 50, hedge fund appears to be buying again, etc. They even recommend investors to “dip your toes into highly shorted equities that are trading at long-term support”.
Chartadvisor.com: the markets appear to be bottoming, although it is still very dangerous.
My take: the current market is an rare opportunity for long term leveraged investors. The financial markets in the long haul trend up, although with short term fluctuations. As a result, I have been writing new covered calls. Recently, I added more covered calls of BIDU, MCP and NFLX.
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.
