Copy
Money Vikings logo

Money Vikings Investing - Week of 3/12/2023

In This Issue: A Case for Optimism, Market Report, Hot Trades: SPY Iron Condor, Long Gold, Collectibles - On a Budget, Health - Intermittent Fasting, Article - $25k/year Dividend Portfolio


Buy our Book! Conquer Financial Freedom by The Money Vikings

(Free For Members, see bottom of this newsletter)


A Case for Optimism


Hi <<First Name>>,


For the last couple weeks I was a self described “Debbie Downer” warning about an upcoming World War III and rampant inflation. I am changing my tune this week and here is why.


I am not saying all our life and investing troubles are behind us, far from it. But I am saying we need to take a look at what we have survived and how we can thrive in this world. And also take stock of what is going right.


Contrary of what the media circus machine is telling us, the world is not going to hell. There are in fact many millions of good things happening every day. And if you are lucky enough to live in the US and have your health, then there are plenty of opportunities coming down the line.


Yes, the Fed was behind the curve in taming inflation, but it will be managed. And in the meantime we can deploy inflation defense systems and make prudent calculated investment decisions for the medium and long term.


Let me leave you wit this. We are not victims. We can take individual and collective action to make the future a bright place. And I have full confidence that even as we deal with the normal challenges of life, we will collectively thrive and prevail!


Best in investing and life,
Greg


p.s. Hope to see you in our discord this week!

Weekly Market Report

While Greg is wearing rose colored glasses and looking at sunflowers, I’m more the Debbie Downer this week. . . If it wasn’t enough that the SVB failure caused concern with a mixed jobs report, the S&P 500 lost over 4% and volatility ticked higher to close over 22. Bitcoin lost over 9%. Gold and longer dated bonds ascended 1% and 4% respectively.

Indexes and Macro Indicators

S&P 500

We breached the 200 SMA on the Daily (pictured below) which doesn’t look great. The next recent low is 374 in December. If you flip to the weekly chart, there is a semi-encouraging support at 371.73 (200 SMA). Some members are calling for 350.

Finviz Heat Map

For the week all sectors declined. Consumer Defensive lost 2.41%, and Basic Materials lost 7.98%.

Bitcoin

The 200 SMA at 19,699 as well as the 20K remain the psychological line in the sand in terms of the next levels of support. Note we did breach 20K briefly on Friday 3/10.

Yields

Yields fell while the spread between the 2 year and 10 year exceeded 1%, then bounced back to .88%.

The Dollar

The US dollar, having been in an up trend since February is starting to show some weakness. A weaker dollar could be good news for large US multi-national companies.

Gold (Hot Trade)

It is worth noting that Gold continued to rise this week, gapping up on Friday. We called out a long bullish GLD 170/174 call spread to May on 3/9 for a $200 debit:

  • Bought 1 GLD 05/19/23 Call 170.00 @ 5.02

  • Sold 1 GLD 05/19/23 Call 174.00 @ 3.02

So far this trade is up 19% so you may want to adjust the strikes a bit higher on Monday.

The VIX

The VIX rose 8% this week, up to levels not seen since December. Look for premium selling strategies this week such a selling cash secured puts, covered calls, strangles, and iron condors.

Fear and Greed Index / Put-Call Ratio Above 1

This week we left Neutral territory, skipped Fear, and moved into Extreme Fear territory. Note in the 2nd chart below the trend of the put-call ratio at 1.11. This means for every bullish call someone buys, there are 1.11 bearish puts bought, a sign of fear.

Hot Trade - SPY Iron Condor (OPENED)

On 3/9 I called out this SPY Hot Trade in discord


SPY Iron Condor. On 3/9 I called out in discord a 5 dollar wide Iron Condor in SPY out to April 17th at the 362/367/413/418 strikes. I collected a $1.71cr. I set a GTC order to close for .86 db.


To open the SPY Iron Condor For a 1.71 credit:

  • Bought 1 SPY 04/21/23 Put 362.00 @ 2.66

  • Sold 1 SPY 04/21/23 Put 367.00 @ 3.41

  • Sold 1 SPY 04/21/23 Call 413.00 @ 2.62

  • Bought 1 SPY 04/21/23 Call 418.00 @ 1.66

Earnings Next Week

Join our discord where we’ll be calling out trade ideas in these stocks and more. Last week we made $77 overnight in a CRWD Iron Condor. See video below for how we did the entry.

How To Do an Iron Condor In CRWD for Earnings - $77 Profit Overnight!

Collectibles On a Budget

Collecting Comics on a Budget

Health - Intermittent Fasting

3 Benefits of Intermittent Fasting


$25k/year Dividend Portfolio Holdings


READ MORE: $25K/YEAR DIVIDEND PORTFOLIO

Did you know as premium members you have access to:

All rights reserved. Money Vikings, LLC is neither an investment or financial advisor. Money Vikings, LLC does not provide financial advice and none of the information being provided is to be seen as such. This is to include, but not limited to, any articles, videos and/or any other social media outlet presented by Money Vikings, LLC. All content is the opinions, beliefs, and personal strategies of the author(s) and owner(s) of Money Vikings, LLC (Greg and Jerry). Money Vikings, LLC recommends that everyone do their own research, technical analysis, and develop their own conclusions, prior to initiating any trade activity supported by their own understanding, abilities, and risk tolerance. All trades carry inherent risk and proper risk management strategies should be used accordingly. Money Vikings, LLC does not guarantee results and is not liable in any way for losses incurred by any person or organization. Periodically, we may highlight services we are using and may receive compensation from their respective affiliate programs.