Keeping eye on possible 10-day option entry on 4% gap that is just irrational quick sell-off.
reasons for gap to fill up:
-nothing changes, Buffet was not making decisions single-handedly anyway and passing knowledge is his strong side, not the opposite
- he will remain chairman of the board
-honestly what do people expect? him trade until he´s 100 years old?
-Trump meanwhile has a complete meltdown on his tarrif policies not working, he hinted that easing is comming because basicly he has nowhere to got and got cornered. By extension this would bring uplift for all the stocks.
reasons to not fill up:
-any new idiotic policies by Trump that we can not predict
reasons for gap to fill up:
-nothing changes, Buffet was not making decisions single-handedly anyway and passing knowledge is his strong side, not the opposite
- he will remain chairman of the board
-honestly what do people expect? him trade until he´s 100 years old?
-Trump meanwhile has a complete meltdown on his tarrif policies not working, he hinted that easing is comming because basicly he has nowhere to got and got cornered. By extension this would bring uplift for all the stocks.
reasons to not fill up:
-any new idiotic policies by Trump that we can not predict
Trade active
I just opened:BRK B May 512.5/500 Bull Put on AMEX
Note
Trade confirmation from Interactive Brokers:BRK B 16May25 500 Put +1 356USD paid
BRK B 16May25 512.5 Put -1 748USD received
Max loss: 858 USD
Max profit: 392 USD
Not the best ratio, but I was little late on that trade.
FOMC survived.
Looks like first trade deal will be anounced today. And also trade talks between the U.S. and China are scheduled to take place in Geneva from May 9 to 12. This should keep us above 512.50
Note
Yesterday activity:AAPL - Apple Inc. +0.63% / (28.12% of Portfolio)
AXP - American Express +2.69% / (16.84% of Portfolio)
BAC - Bank of America Corp. +1.64% / (11.19% of Portfolio)
KO - Coca Cola Co.-1.70% / (9.32% of Portfolio)
CVX - Chevron Corp. +0.92% / (6.43% of Portfolio)
OXY - Occidental Petroleum +6.23% / (4.89% of Portfolio)
MCO - Moody's Corp. +0.81% / (4.37% of Portfolio)
KHC - Kraft Heinz Co. +0.18% / (3.74% of Portfolio)
Most of the stocks in portfolio was slightly up. However (BRK-B) ended -0.96%
Not a good news, but we are still in the money. Now with China trade talks ahead, the sentiment should be neutral or up. I don´t really care about Friday. All focus is on trade talks wich will finish on Monday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.