Archive for: July 2009

July 31, 2009

Current Holdings – July 31, 2009

Filed under: Account Summary,Finance - 31 Jul 2009

I’m still not fully invested by a long shot, but I’m also still employed.  As crazy as my situation is here I’m not sure if today will be my last day or Monday or if something has changed and I’ll …

July 28, 2009

Earnings, Phase 2 On Deck

Filed under: Finance - 28 Jul 2009

In this week’s Barron’s Michael Santoli noted the following trend in previous earnings seasons:
“…it’s not uncommon for earnings season to play out in two offsetting phases, with the first half (just completed) resetting expectations in …

July 26, 2009

S&P 500 Chart – Hitting Resistance

Filed under: Finance,Indices,Stock Charts - 26 Jul 2009

I charted daily prices for the past six months of the S&P 500 ($SPX) on Friday, July 24, 2009 when it closed at 979.26.  I drew a handful of trend lines and came up with the five lines I left on the chart below.

The …

July 20, 2009

Sold USO August 33 Naked Puts

Filed under: Finance,Stock Picks - 20 Jul 2009

After letting my SLB shares get called away with my July covered calls I wanted to get some more oil exposure so I came back to more direct play with the oil ETF USO.  USO doesn’t trade dollar for dollar with …

July 19, 2009

Dow Jones Chart – 10 Year Monthly – July 17, 2009

Filed under: Finance,Indices,Stock Charts - 19 Jul 2009

I charted the past 10 years monthly price action for the Dow Jones Industrial Average ($DJI) ending 7/17/09 while the DJIA was closed at 8,743.94.  I went back 10 years to get a better feel for where the chart says we’re …

July 17, 2009

July 2009 Option Expiration

Filed under: Account Summary,Finance,Stock Picks - 17 Jul 2009

My MON July 80 call (MONGP) is expiring out of the money today, so I decided to go ahead and sell another call today to increase my chances for profit over the series of trades.  While MON was trading at $75.29 I sold …

July 16, 2009

My Job Loss + Current Portfolio Update

Filed under: Account Summary,Finance - 16 Jul 2009

I’ve done almost no trading lately as I’ve tried to focus on my job in a feeble effort to recruit in a jobless recession and save my job.  I got confirmation today that we’re doing another layoff at the end …

July 15, 2009

Closed IWM July 52 Naked Put

Filed under: Account Summary,Finance,Indices - 15 Jul 2009

I’ve been cutting it close on my IWM naked put ever since I sold it on June 18th at $2.60 and took in $249.25.  As the Russell 2000 started to edge up yesterday I thought I should try to get out and …

July 12, 2009

S&P 500 Chart – July 10, 2009

Filed under: Finance,Indices,Stock Charts - 12 Jul 2009

I charted the S&P 500 (SPX) after the markets closed on July 10, 2009 when it closed for the week at 879.13.  I drew a thin line to show the closing price and how that same level has been a …

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