Randy Frederick

Retired / Founder: / Former Managing Director of Trading & Derivatives at Charles Schwab

[Randy Frederick @RFrederickMedia]

The passing of "The Maestro" brought back a memory of this day 10 years ago, when I had the incredible honor of interviewing this amazing man for a Schwab event.

[Randy Frederick @RFrederickMedia]

On an intraday basis, you are correct. Perhaps I should have said, "the last time it closed above 40". Perhaps it will do the same today.

[sarrastro @sarrastro1]

@RFrederickMedia VIX spiked to 65 in August 2024…

[Randy Frederick @RFrederickMedia]

40 on the $VIX is the PANIC! threshold. Last seen exactly 5 years ago.

[Randy Frederick @RFrederickMedia]

No. It's a Foretravel IC37 Diesel Pusher. We are half-timers and enjoying it very much.

[Randy Frederick @RFrederickMedia]

Agreed.

[Kathy Jones @KathyJones]

That was the best part of the press conference so far.

[Randy Frederick @RFrederickMedia]

It's a blast

[Ben Sheppard @SheppBen]

@RFrederickMedia Looks like a great time

[Randy Frederick @RFrederickMedia]

And my year-end target has been reached; 2 1/2 months early.

[Randy Frederick @RFrederickMedia]

While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.

[Randy Frederick @RFrederickMedia]

thanks so much.

[Manjunath Manik @MANJUVISION2020]

@RFrederickMedia You are spot on and 580 level reached today.
Happy retirement and wishing you a good health.
Missing your weekly reports

[Randy Frederick @RFrederickMedia]

But it's a great day to buy bonds.

[Kathy Jones @KathyJones]

It's a good day when the prevailing weak economy thesis is wrong. It's not good for the treasury bond market, but it's a good day for the economy. On the positive side, the inflation figures keep improving.

[Randy Frederick @RFrederickMedia]

@carmelrealtorjs It's good to hear from you Jim. I hope you are doing well.

[Randy Frederick @RFrederickMedia]

This is my new role; part time motorhome pilot. This was always the plan, but we were fortunate enough to start 5 years sooner than expected.

[Randy Frederick @RFrederickMedia]

Only 1% to go, and 3 months to do it in. Slam dunk!

[Randy Frederick @RFrederickMedia]

While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.

[Randy Frederick @RFrederickMedia]

Yes.

[sarrastro @sarrastro1]

@RFrederickMedia Hey Randy I absolutely love your weekly forecasts, they are very professional. I suppose they will stop now as well?

[Randy Frederick @RFrederickMedia]

It's still early, but I haven't missed going to work yet.

[Loplop @real_checkmark]

@RFrederickMedia Any retirement wisdom for us?

[Randy Frederick @RFrederickMedia]

The last 36 years has been a lot of fun, but I am now officially and fully retired; effective 9/1/24.

[Randy Frederick @RFrederickMedia]

The Weekly Trader's Forecast for 8/16/24 is now available at https://t.co/xFrxlSVmlZ

[Randy Frederick @RFrederickMedia]

While my year-end outlook (SPX 5,800) hasn't changed at all, I took a few small profits off the table today. Sometimes it's good to do a little bit of harvesting.

[Randy Frederick @RFrederickMedia]

Not yet. I expect the market finish near a new all-time high at year-end.

[Randy Frederick @RFrederickMedia]

Not yet. I expect the market finish near a new all-time high at year-end.

[Jim Niu @jimniu64]

@RFrederickMedia Hi Randy, did you take profit for the dip buying?

[Randy Frederick @RFrederickMedia]

https://t.co/xFrxlSVmlZ
The Weekly Trader's Forecast for 8/9/24 is now available.

[Randy Frederick @RFrederickMedia]

Now that's what I call a rebound! From last Friday’s close to the opening low on Monday, the SPX had fallen 227 points (-4.2%). At yesterday’s close the SPX was only -27 points for the week.