Archive for: January 2008

Tuesday morning appears to be an ugly day in the making.  Dow futures are down over 500 as I write this around 8:15 pm EST on Monday. 

Marketwatch has an interesting article worth reading about our current market …

I’m charting the Dow ($INDU) again today.  I read an interesting article in Barron’s this weekend that highlighted the longer trend of the overall stock market.  The short version is that we overbought with such great disregard for the norm …

Today started off like a good dream for my portfolio.  I was in training all morning, but at least saw futures were up.  During training I snuck a peak at some of my positions and saw I was looking good …

As if this market needed more to increase volatility, Friday the 18th is option expiration Friday.  It’s not even a normal expiration day, Leaps expire tomorrow too.  It should be exciting.

MONSANTO (MON) which has fallen 29 points this week has …

Two more limit orders hit today.

While MRO was trading at 51.08, I sold two February 50 naked puts (MRONJ) to bring my average cost down on my 200 shares I currently own.  I received $388.50 after commissions.

Right at today’s market …

When CAT was trading at 66.01 I sold two CAT Feb 62.50 naked puts (CATNZ) and received $318.50.  I own 100 shares already and was planning to sell naked calls on it on top of the one covered call I already …

Kopin Tan had a great line in this week’s Barron’s.
“Like beer bellies and bald spots, a recession is one of those things whose precise beginning is hard to pinpoint - until the sad evidence eventually becomes hard to refute.” 
We have …

Even a novice could chart the recent Dow Jones Industrial Average (aka DJIA and $INDU) to see that support has been broken.  The chart below is a five year monthly view.  The first big warning of the shift to a bear market came …

Today is my last week day before my new job starts.  I left AT&T two weeks ago when my contract as a Project Manager ended after nearly four and a half years.  I’m returning to my previous career as a …