October 23, 2022

Hello everyone,

Hope you had a wonderful weekend.

The roller coaster is still with us as you can see from recent market action. This is what it takes to find a bottom. John has made it quite plain that we could dive to new lows, but that it won’t be in crash territory. 3200 appears to be the number in the crystal ball now. Until then, there will be big ranges to trade.

It seems bonds are about to bottom out, and the U.S.$ is probably topping here. Now, all we need is for stocks to find a bottom.

LEAPS have become a favourite trade amongst subscribers. You can open the trade when the stock has pulled back, and have an expiry in 2025, which gives the trade time to move in a bullish direction. Sometimes, these stocks move very quickly, and you can close out the trade early with a great profit and then open another LEAP in the same stock.

What is a LEAP?

It is just a long-dated option. So instead of the expiry being in six weeks or 3 months, the expiry is in two or three years.

LEAP stands for Long Term Equity Anticipation Securities.

Who will be the next Conservative leader?

Boris Johnson will not take part in the contest for the leadership. Some MPs had initially backed him for the top job, but there was a question mark over just how many nominations he had received.

Former Finance Minister, Rishi Sunak seems to be the favourite to become the next British leader with around 140 nominations thus far.

Crypto is in a winter season. Don’t be too quick to write it off yet. I still think Bitcoin can rally eventually. It may capitulate and reach around $12,000 before it finally takes off. You will need to be patient. I have been buying Bitcoin at different price levels. A small holding will go a long way when Bitcoin finally takes off.

Have a fantastic week.

Please check on your neighbours and friends, particularly those who may be affected by the awful flooding in Victoria and New South Wales.

Cheers,
Jacque

Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.
-- Buddha

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