This week we’ve witnessed one of the most powerful reversal in the stock market within two trading days. Some people claim that it is due to the long term players who bought put options as a hedge to their portfolios selling the puts to collect the profit. In turn the market makers are forced to unwind their hedges which push the stocks and the stock indices higher. Some others claim that it is the middle of the Venus Mars conjunction leading to the stunning reversal.
Maybe that’s true. Maybe not. Who knows?
Dr. Van Tharp passed away this Thursday. It is a huge loss to the trading communities worldwide. Personally I was deeply affected by his work. My rigorous approach to trading is a result of following his philosophy. Here is a link to Dr. Tharp’s youtube channel. For those of you interested in trading, I am sure you will benefit from his work.
I came across this interesting article about Joe Bailey “Aurora Hunter”. Since I am very interested in seeing the Northern Lights at least one more time, it looks like using Joe’s service would be the best bet.
For those of you concern about the Russia Ukraine situation, a good video put out by Patrick Boyle on the effectiveness of cutting off Russia from SWIFT.
This week I am again not able to keep my schedule to post this weekly update on Friday. My schedule is getting even more hectic going into March. Let’s see if I can squeeze out more productivity under the condition.
It is going to be a good challenge to take on.
Have a great weekend all!
