Market Review 2022-11-27

Long Term Picture 3Y/W

If we compare this picture against the one I posted 2022-11-10 we can see we are now right back up resistance. Looking at the futures right now we are down 26 points on the /ES. Now this does not mean anything these days. We can be up or down another 50 points by tomorrow morning. 
I don't see anything that would prevent us to pull back a bit. Do I see us pull back to the bottom of the channel? No. 

SPY 1y/d and SQN

The part that concerns me, that the price and SQN number are diverging. 11/15 the SQN number is 0.47 and on Friday the number was 

0.39. An encouraging fact is, that the volatility number is still going down.

The Big 5  and the VIX

The thing that shows here is that DIA is outperforming everything else. This is not something one sees a lot. Normally the QQQs are leading. The VIX is still higher then the last last low. Let's see where this ends up.
 

Disclosure

I have been beneficially long the shares in SPY, IWM and QQQ. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

 

Update Week 90 (Nov 21 -25)

Added

I completely forgot to add the $150 to BMO. So next week we got $300.

Review and Discussion

This week came $1.94 in dividends into the account. 

Next Week's Plan (week 91)

I will wait with BMO for a week. BMO has earnings 12/1. My rules say, don't enter 5 days before earnings. There a chance I have to pay up and there is a chance I get it cheaper. Who knows.
Instead $150$ go into VZ and $150 go into BEN

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Covered Call - TECK - Update 2022-11-26 (Closed)

The Trade

The trade was entered last week. On Fri TECK closed at $33.96. I am going to loose my shares. Perfect. The plan worked. $85 from the call +5$ = $90 return on $3,295 invested for 2.73% for 1 week.

Disclosure

I have been beneficially long the shares in TECK and short the call in TECK. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Covered Call - KSS - Update 2022-11-25 (Closed)

The Trade

KSS closed at $31.93. This means I am getting my shares called away. Since 2022-09-09 the return from selling calls was $303. The capital appreciation was $35. Total return is $338 on $3,065 or 11.03% for less than 3 months. 

Looking Forward

KSS is not doing much. I will check the ticker next week. I am considering another entry before ex-dividend day 12/06.

Disclosure

I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Update Week 89 (Nov 14-19)

 Added

As planed last week I added: 150$ to AB.

Review and Discussion

This week came $19.66 to the account. 

Next Week's Plan (week 90)

I will add 150$ to BMO.

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Covered Call - TECK - New Trade

The Trade

For the last 3 month TECK has not moved a lot. It sits in the middle of the trading range. I bought 100 shares for $32.95, and sold next weeks 31 Call for 85c. If not called out the return is 85c/$32.95=2.5%.
If called out next Friday, the return is 90c/$32.95=2.7%

Looking foward

Sit back and relax and drink a cup of tee.

Disclosure

I have been beneficially long the shares in TECK and short the call in TECK. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Covered Call - KSS - Update 2022-11-18

A Week in Review

Yesterday and most of today it looked like I am going to get called out. And as this is the goal anyways, I was ok with it. 5 minutes before close KSS was trading at $30.89. My buy back order for 2 cents got filled. Great, I get to sell 1 more call. I sold next weeks 31 Call for 75c.  

So far the return is $225/$3,065 = 7.3%

Looking forward

Net week is Thanksgiving. Lots of cooking and sitting back and relax is on my schedule.

Disclosure

I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Update Week 88 (Nov 7 -Nov11)

Added

As planed last week I added:  100$ OHI, 100$ GL, $100 T, $150 UNM.

Review and Discussion

This week came $0.56 in dividends. YTD $352.93 and since Inception 409.14. Every once in a while I find dividends I didn't record, like this weekend. So some of the numbers just jump a bit more. Unfortunately some brokers have a hard time to generate the reports I want.

Next Week's Plan (week 89)

I am now back to the regular 150$ per week. I am looking at my portfolio. There are plenty of tiny positions in there. One of them is AB. I will add the 150$ into AB this week.

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

 

Market Review 2022-11-10

Events

The CPI numbers came in better than expected today. That had impact on the market

SPY is still in an down channel, but there is light at the end of the tunnel.

There are 2 important aspects in this chart. SQN, we are back into the neutral space. On the chart this is actually a cup and handle pattern. The height of the the pattern is about 30$, so my target would be about $419.
I would not be surprised if this is the market bottom, but watch out for global events. 
Putin not participating in the G20 summit is not good.
Here is an interesting interview with Jeremy Siegel . It is just 5 minutes long.

Disclosure

I have been beneficially long the shares in SPY, IWM and QQQ. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

  

Update Week 87 (Oct 31-Nov 4)

 Added

I deviated from my plan and did not add anything. Technology is just so out, that it does not make sense to try to catch the falling knife

Review and Discussion

I have posted a new version of my spreadsheet. This week came $25.47 in dividends. YTD $352.37 and since Inception 407.12

Next Week's Plan (week 88)

As I did not contribute next week, I have $450 this week. This will go as follows: 100$ OHI, 100$ GL, $100 T, $150$ UNM.

Disclaimer

I have been beneficially long with stocks all the items I discuss in the dividend investing. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

 

Covered Call - KSS - Update 2022-11-06

A Week in Review

Friday's call expired worthless. It was so far out of the money, that I just sold another call, without closing the 11/4 call out. Now this can be risky. If an announcement would come out after hours, that KSS gets called out for 50$/share. I am short 100 shares and have to by them back for 50$.

I sold the Nov-18, 31 call for 33 cents.

With that being said, I got to keep the 54$ from the last option sale. Over all return since September 9th is $194. That is a return of 6.33% ($194/$3065). 

Looking forward

Next expiration is 2 weeks from now. Till then I will just check. Also there is earnings coming up at expiration. So next week, this trade may require some attention.

Disclosure

I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.

Covered Call - KSS - Update - 2022-11-02

A Month and then some in Review

There have been a few expirations now for the trade. Today the chart looks like this:

The September call was bought back for 2 cents. The October call gave 22$ of income. On Friday there is a call expiring that gave 54$ of income.

Total $ in the bank since the beginning of the trade is 81+37+22 = 140$. The 54$ are not accounted yet, because it depends on Friday it is determined if I by it back or let it expire.
The price action today and yesterday is not really encouraging, but so far the trading range (cyan) does hold.

Stay tuned.

Disclosure

I have been beneficially long the shares in KSS and short the call in KSS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.