Daily Market Update – December 28, 2016

 

 

Daily Market Update –  December 28, 2016 (7:30 AM)


It looks as if it’s going to be another quiet day today as we really get ready to close out the year.

It really has been a tale of different markets.

We had the January correction, followed by Jamie Dimon’s rescue of the market.

Then we had 2 horribly wronged predictions about vote results and the aftermaths of each.

Brexit and the US Presidential elections.

Could pollsters and market predictors have gotten each one more wrong?

No matter, 2-016 has been a good one, especially if still holding onto the big losers from 2015.

I still have lots of cash on hand following yesterday’s single new position opened.

I also continued making another of those side DOH trades that have kept me busy for much of the past month and I definitely hope to do more of those and with some regularity in 2017.

I will definitely have more time to devote to the maintenance of those trades and definitely appreciate the way the relatively some premiums do add up, even as they may exact a toll on your nerves.

Still, what’s the worst that happens?

I expect to be doing little today other than looking for rollover opportunities and counting the days down until the accounting can begin anew for 2017.


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Daily Market Update – December 27, 2016 (Close)

 

 

Daily Market Update –  December 27, 2016 (Close)

 

The final week of 2016.

For lots of reasons, I can’t wait, but will still be sad to see it go, although it won’t be sad if 2017 was destined to be as completely boring as it was today.

It was likely, and still is, to be a pretty quiet week on the planned news front, at least as far as economic reports go and earnings are done, at least for another few weeks.

That leaves us with a market where traders may be rolling the dice.

Will there be strategic tax loss selling? Will there be opportunity to take advantage of expected light volume?

Will anything unexpected happen anywhere just from an errant Tweet or fake news story?

Amazing that those latter two are even a thing.

So, regardless of what this week’s trades may or may not bring, it was by far my least busy trading year since I’ve started doing what I’m about to give up doing.

It’s also the slowest trading year since I started trading, with temerity, on my own.

I hope that changes next year, although I hope that the end result and the bottom line continue along the same path.

With still way too much in commodities, I think that 2017 will be another good year, regardless of what happens with the overall market.

I plan on trying to leverage those long dormant positions with every possible opportunity in 2017 and trading more and more, even if not opening as many new positions.

I also plan to going longer term, as I’m getting a little older and not as keen about keeping an eye on news and events day in and day out.

Although I never get bored, all of the above is subject to change if the slightest bit of boredom creeps in.

I do know what I like, but I’m not certain of how I might respond to boredom, so it may be best to be prepared to go back to what I know I like.

This week, I have cash.

I do like that.

I also have some inclination to spend cash.

I like that, too and so, now I actually have less cash.

I have some ex-dividend positions.

Like.

And a couple of expiring positions.

Like that, too.

So, even as not expecting much on the week, I;m approaching it with a smile and am ready to go, even of only for 4 days.

Hopefully, whatever few days are left will usher in a nice and welcoming 2017 for all of us.

 

 

 

 

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TheAcsMan Returns on January 2, 2017 (More or Less)

Just as a teaser, on Tuesday, at 9:58 AM, I purchased Under Armour (UA) at $25.35  and sold the weekly $25.50 option for a $0.44 premium

trade-theacsman

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Daily Market Update – December 27, 2016

 

 

Daily Market Update –  December 27, 2016 (9:00 AM)


The final week of 2016.

For lots of reasons, I can’t wait, but will still be sad to see it go.

It will also be a pretty quiet week on the planned news front, at least as far as economic reports go and earnings are done, at least for another few weeks.

That leaves us with a market where traders may be rolling the dice.

Will there be strategic tax loss selling? Will there be opportunity to take advantage of expected light volume?

Will anything unexpected happen anywhere just from an errant Tweet or fake news story?

Amazing that those latter two are even a thing.

So, regardless of what this week’s trades may or may not bring, it was by far my least busy trading year since I’ve started doing what I’m about to give up doing.

It’s also the slowest trading year since I started trading, with temerity, on my own.

I hope that changes next year, although I hope that the end result and the bottom line continue along the same path.

With still way too much in commodities, I think that 2017 will be another good year, regardless of what happens with the overall market.

I plan on trying to leverage those long dormant positions with every possible opportunity in 2017 and trading more and more, even if not opening as many new positions.

I also plan to going longer term, as I’m getting a little older and not as keen about keeping an eye on news and events day in and day out.

Although I never get bored, all of the above is subject to change if the slightest bit of boredom creeps in.

I do know what I like, but I’m not certain of how I might respond to boredom, so it may be best to be prepared to go back to what I know I like.

This week, I have cash.

I do like that.

I also have some inclination to spend cash.

I like that, too.

I have some ex-dividend positions.

Like.

And a couple of expiring positions.

Like that, too.

So, even as not expecting much on the week, I;m approaching it with a smile and am ready to go, even of only for 4 days.

Hopefully, whatever few days are left will usher in a nice and welcoming 2017 for all of us.

.


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Dashboard – December 26 – 30, 2016

 

 

 

SELECTIONS

MONDAY:   Happy Boxing Day

TUESDAY:    Looks like maybe another quiet day in what could be a quiet week and maybe even a quiet end to the new year

WEDNESDAY:  More quietude appears to be in store today as the futures are still in bed, not having gotten out of there since sometime a week ago

THURSDAY:  A surprising decline yesterday looks like it will be followed by the more normal slumber, today

FRIDAY:. It looks as if 2016 may go out on the quiet side, bringing a pretty good year to an end. Sorry to see it go, actually in many ways.

I hope that 2017 brings the best for everyone in all of the ways that really matter

 

 

 

 

                                                                                                                                           

Today's TradesCash-o-Meter

 

 

 

 “SNEAK PEEK AT NEXT WEEK” APPEARS ON FRIDAYS

Sneak PeekPie Chart Distribution

Weekly Summary

  

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