I went back a full 20 years to see where the S&P 500 (SPX) is on a longer term chart’s perspective. I only drew three trend lines in this week’s chart. I also drew (in blue) extensions to these lines to show where they might intersect. The long trend line that started in the early-90s…
Month: October 2008
Stock Charts – AA, CELG, CHK, CMI, DRYS, FCX, JOYG, MON, QCOM, TDW, USO
I charted all stocks I have an open position in. I’ve been getting spanked for more than a month now and have saved myself from losing as much as I could have by selling naked calls. I would’ve done better by buying some protective puts, but I didn’t. I’ve sold all my calls far out of…
MON Tanks and I Get Naked
I’m already short one Monsanto (MON) naked put at the October 100 strike (MONVC). I received $419.25 for selling it on August 19th. MON was downgraded today by Merrill Lynch and dropped around $20 to start the day. Since it was trading near the strike yesterday, this knocked a quick chunk out of my account. …
End of Month Summary – September 2008
If I was to name this month it would be dubbed “Revert to the Mean” month. I’ve been ahead of the major indices for annual returns for a while and then I get hit with the worst total dollar loss in a single month that I’ve ever taken, although I ended with a realized gain…