Archive for: March 2009

I haven’t traded much lately.  I’m pissed at myself still since I missed the beginning of this rally.  I planned to come in strong when I saw the chart say the time was right.  I saw it happen and didn’t …

The NASDAQ 100 Chart I drew below is showing signs of life.  I charted $NDX, but will trade QQQQ options if I can get the premium I want.  This $NDX chart highlights two important points to consider.  The first point is …

My favorite technical indicator lately is Williams %R.  I’ve been writing a lot about it lately saying we should all watch it to be ready to pounce.  I was hesitant on Tuesday to believe the 28 day indicator would stay …

For the third time I sold the same covered call on Monsanto (MON).  I got out of my covered call last week for a profit the second time.  MON dropped nearly $10 from its …

When I wrote about the S&P 500 Chart two weeks ago I said I expected the 741 line to hold support, but if it broke to expect a steep sell off.  Well, …

Not long after I sold covered calls on my 300 long shares of USO oil started to recover.  I didn’t want to roll my covered calls too far from expiration, but wanted to squeeze some more profit from the position.  Yesterday …

For the second time I took a round trip ride on Monsanto (MON) covered calls.  Last week I closed my covered call on MON and then sold the same covered call as MON rallied.  I sold the second …

February was a rocky adventure for sure.  It wasn’t nearly as volatile as January was for me, but offered some interesting twists.  A sizeable chunk of my holdings returned to cash where I haven’t been too anxious to change that …

The DJIA chart below goes back 12 years and shows OHLC monthly price action.  I couldn’t find any worthwhile trend lines I liked enough to draw a conclusion from yet.  The past four months might be starting to act like …