I’m not on vacation, just watching the sideways action in the markets and can’t seem to find anything I want to trade on or invest in. After I opened my DIA position last week I saw it dip close to where I wanted, but then it came back up quickly. Yesterday I tweeted about the Dow…
Month: December 2009
S&P 500 (SPX) – Rising Wedge Chart Formation
I charted the S&P 500 index after the markets closed on Friday, November 4, 2009 when the SPX finished the week at 1,105.98.
Sold Naked Puts Leg to Add to DIA Call Position
After I sold the DIA bear call spread on Tuesday I quickly started to lose my patience, but didn’t panic. I kept charting (throughout the day, all day) and although DIA (and the Dow) kept inching its way to new highs it fell quickly soon after each time. As I pointed out in the post…
Sold Vertical Call Spread on DIA
A few weeks ago I saw an opportunity to sell a deep in the money put spread on MON for very little out of pocket. I didn’t pull the trigger (and still don’t know why) and saw MON gain $15 over the next few weeks. I would’ve made around $850-900. I noticed DJIA was having trouble at…
End of Month Summary – November 2009
My increased market exposure from October paid off for me in November as every position improved from month’s beginning to its end. In my October Summary I pointed out that I got into the markets too early even though I expected a decline. In November I stayed patient and those paper losses turned into nice sized realized gains. With an…