Archive for: May 2009

This weekend I’m back to charting the S&P 500 Index ($SPX.X).  It’s about to get really interesting with a couple of different technical indicators converging soon. 

Bear Case

The SPX closed …

For the third day in a row I sold a Monsanto (MON) option.  Today it was to close the only long put I had.  While MON was trading at $78.62 my limit order hit and I sold to close one …

I’ve been watching Materials Select Sector SPDR Fund (NYSE Arca:XLB) for a while - ever since my last naked puts finished out-of-the-money.  I entered a limit order yesterday and it finally hit this afternoon.  While XLB was trading at $26.25 I …

After selling a naked put on Monsanto (NYSE: MON) yesterday they lowered earnings estimates for the year to the bottom of the previous estimate.  If they can hit that number I still feel MON is a …

After my long (for me long is over 3-4 months) run with Monsanto (NYSE: MON) ended over 30 days ago I decided to give it another look.  MON is up a few bucks from where it was when I got …

I charted S&P MidCap 400 Index ($MID.X) after it closed on Friday, May 22, 2009 at 551.28.  Almost two weeks ago the MID broke below the supporting trend line of higher lows that it has been following since its lows …

A My Trader’s Journal reader, Zino, had a great comment on my post from earlier this week where I announced my plans to start studying for the Series 65 Exam.  I started to …

I’ve started studying for the Series 65 exam.  The Series 65 is the Uniform Investment Adviser Law Exam and is required in the State of Georgia to become a Registered Investment Advisor (RIA).  My plan is to work as a …

I sold naked puts on NVDA last year bought them back for a loss rather than take the option assignment.  I also sold naked calls before finally getting out with a loss for the overall series of …