Some random market thoughts

Looks like we may have put a low on last October and the market is moving on sideways from June 2022. It doesn’t mean we cannot go further down, but for now… looks like we are moving sideways.

You may not be bullish, but you have to give sideways move a much higher probability than a bear market at least until October low’s are breached.

While I don’t have much confidence on a big bullish move, this is the reason behind my writing covered calls with sufficient downside protection.

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