I’m trying not to spend a lot of time on my account or blog this week. I have my Series 65 exam scheduled for Saturday morning and am spending as much time as possible repeating the practice exams while work and home life permit for the rest of the week. The timing might be good since my S&P…
Month: October 2009
S&P 500 Chart – Strong Week Ended at Resistance
This week showed us that during a rally what goes down must come up with very little delay. If you didn’t add to your account when the markets had their dip you missed your chance a few hours later and each day this week reminded you of it with the S&P 500 ($SPX) finishing up 4.5%…
Doubled NDAQ Naked Put Position
Last week I opened up a small position with NDAQ November naked puts with the plan to let them expire and then add to the position if the options were assigned or just re-write them if they expired worthless. After NDAQ’s price fell below the $20 strike a few days later I started eyeing the chart…
Dow Jones Chart – October 2, 2009
I charted the Dow Jones Industrial Average (aka: DJIA, ticker: $DJI) after the markets closed on Friday, October 2, 2009 when it was at 9,487.67.
Opened New Naked Puts on SSO & EEM
After finally seeing the S&P 500 fall more than 5% from its intraday highs on September 23rd I decided I shouldn’t stay on the sideline too much longer. I’m not necessarily saying this is a bottom, but do believe that after we’ve come down 5+% off the top, hopefully there’s only about 5% more room…
End of Month Summary – September 2009
I pulled out another month with a gain. As I’ve mentioned in my regular posts I’ve been underinvested, I’m working on changing that, but the longer the rally goes the more certain I am of a coming step back. (I’m going with the lesser known saying here – seven steps forward one step back.) I ended September…
2009 Stock Picks – Q3 Review
We’ve made it three quarters of the way through our bloggers’ contest for the four best stock picks of 2009. I’m starting to make my move higher and am no longer in last place. I’ve moved to a solid second to last as of the end of September. This is how my picks faired over the first nine months:…