Archive for: July 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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …