Archive for: January 2009

January 31, 2009

SPY Chart – January 30, 2009

Filed under: Finance,Indices,Stock Charts - 31 Jan 2009

The chart from January 23rd for the Dow Jones Industrial Average held true this past week to the trading channel I drew.  It broke above the shorter trend line of lower highs, but couldn’t get outside of the much longer channel.  …

January 29, 2009

DRYS Starts to Sink and I Jump Ship

Filed under: Finance,Stock Picks - 29 Jan 2009

DRYS has gotten too risky for me (as if it was ever safe).  After announcing more bad news last night about breaking loan covenants, a week after suspending their dividend, I jumped ship and covered all short positions and sold …

January 28, 2009

Current Positions – January 28, 2009

Filed under: Account Summary,Finance - 28 Jan 2009

I’ve been itching to make a new trade today, but held back since it seemed I didn’t have any good ideas other than it’d be cool to make more money.  I tend to make mistakes when that’s my starting point.  Instead …

January 26, 2009

Added to Options Exposure on TDW

Filed under: Finance,Stock Picks - 26 Jan 2009

After adding a second leg of two calls on top of my 200 shares of TDW last week I’ve only seen TDW go up.  That’s good for my 200 shares, but bad for my four calls, …

January 25, 2009

Dow Jones Chart – January 23, 2009

Filed under: Finance,Indices,Stock Charts - 25 Jan 2009

Today I charted the Dow Jones Industrial Average ($DJI or DJIA) for the first time this year and once again I see that the Williams %R indicator is the one we should be watching every day.  On January 6th, %R broke …

January 23, 2009

3 New Call Option Trades – DRYS, TDW, CELG

Filed under: Finance,Stock Picks - 23 Jan 2009

After charting DRYS a couple of days ago and saying $10 should offer support they announced they were suspending their fat dividend.  Had I not frozen in my seat I’d have realized that even with the …

January 21, 2009

DRYS Chart – January 21, 2009

Filed under: Finance,Stock Charts,Stock Picks - 21 Jan 2009

I’m still long 1200 shares of DRYS (DryShips Inc) including the six June 2.50 calls I own.  I’ve sold three February 17.50 calls on DRYS and I’m debating more.  Part of my analysis always includes a chart.  So, here’s the …

January 18, 2009

S&P 500 Chart (SPX.X) – January 16, 2009

Filed under: Finance,Indices,Stock Charts - 18 Jan 2009

The last time I charted the S&P 500 (SPX.X) I drew a trend line of lower highs. That line broke to the upside and the SPX got above 900 for just over a week.  Then …

January 16, 2009

Option Rollout on DRYS

Filed under: Finance,Stock Picks - 16 Jan 2009

I’ve always stepped in and out of each leg of options one trade at a time.  Today I used what TD Ameritrade calls a “complex option” trade, a net credit spread rollout, on DRYS and saved one leg of commissions.  Thanks …

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