Mel Mattison (@melmattison1) 's Twitter Profile
Mel Mattison

@melmattison1

Investor, author, and former fintech executive with 20+ years in the biz. Duke MBA. Financial Philosopher. Not financial advice.

ID: 1625520680304365568

linkhttp://melmattison.com/quoz calendar_today14-02-2023 15:42:01

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For example, right now, it looks like we want to trade up to around 6720, and then pullback to 6680 before settling out around 6710-6715 around the close.

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My view: This strong vol will continue until 3 key events get resolved: -Fed meeting and CPI release later this month -Mega cap earnings at end of month -Asian summit with Trump, Xi, etc. At the end, it will resolve up! I am huge on Nov 7 QQQ 620 calls. Most of which bought

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We definitely broke lower, but if you bought at every level, looking good now. My trading account now back up big on the day as I bought at pretty much every level. Just trading between Friday's moves.

We definitely broke lower, but if you bought at every level, looking good now. My trading account now back up big on the day as I bought at pretty much every level. Just trading between Friday's moves.
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It's very hard to x out what to do in this market. Things break a level, move quick to another level, then reverse. I'm going to just say, this is vol and trade the levels. Waiting for HOOD to have some sort of automatic trade output.

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Expect 1% daily moves. This is normal and average in a big upside market. The 1950s did better than the 1990s. This is where we are at. Vol is here to stay.

Expect 1% daily moves. This is normal and average in a big upside market. The 1950s did better than the 1990s. This is where we are at. Vol is here to stay.
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In the 1950s, the S&P averaged an over 19% return. Yes, get ready for 20% returns throughout the 2020s, with vol. This is how it works.

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Ok, here we go. Massive upside. Entering a new paradigm like the 1950s. Throughout the decade of the '50s the S&P averaged about 19%+ with daily vol of 1%. Here it is. 12,000 SPX incoming by end of Trump's term.

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If you can't handle the heat, get out of the kitchen. This market is going to rip so high it is going to be crazy, but the vol will be crazy as well. Once again, this is how it works... high vol, high returns.

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This looks like a perfect bear flag, but I don’t think it is. I think it is market hesitation ahead of the Fed, earnings and the Asia summit. Could we test Friday’s low once again: Absolutely. But I think that’s it. Too many people want to buy the dip.

This looks like a perfect bear flag, but I don’t think it is. I think it is market hesitation ahead of the Fed, earnings and the Asia summit. Could we test Friday’s low once again: Absolutely. But I think that’s it. Too many people want to buy the dip.
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This is just too parabolic. Bought 20 Jan GLD $350 calls back in April. Still have 4 left. Going to sell 3 tomorrow and just keep one until expiry. Then look to get back in if/when a dip happens.

This is just too parabolic. Bought 20 Jan GLD $350 calls back in April. Still have 4 left. Going to sell 3 tomorrow and just keep one until expiry. Then look to get back in if/when a dip happens.
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The big flip happening now. Now looking for BTC to outperform gold into year end. Just sold some gold futures and bought some BTCs.

The big flip happening now. Now looking for BTC to outperform gold into year end. Just sold some gold futures and bought some BTCs.