Just because the market’s volatility has slowed doesn’t mean it can’t come ripping back to life in an instant. I see the markets (particularly the S&P 500) at a tipping point. The 1130 level seems to be of key significance. The SPX made it up to 1131.38 on 6/21/10, then 1128.66 on 8/4/10, 1129.25 on…
Month: September 2010
Russell 2000 Chart – Met With Resistance
I drew the Russell 2000 index chart ($RUT) after the index closed on Friday, September 10, 2010, at 636.36.
INDU Chart – Back to the 200 Day Moving Average
I captured the Dow Jones chart ($DJIA, $INDU, $DJI) after the index closed on Friday, September 3, 2010, at 10,447.93.
Bought BND and Charted VXX
I mentioned in my end of the month summary this week that I sent in another $2,000 to my TD Ameritrade account where I hold my long bond positions. Although I sent the funds in nearly a month ago I just had it sitting there in cash. I was waiting on a dip in bonds and…
End of Month Summary – August 2010
As I mentioned in a post near the end of July, times seemed too good to last and I expected the July rally to fizzle. And fizzle it did along with my balance. I didn’t fall as hard as the broader markets, but certainly lost. I ended August with a combined balance of $108,954.79 ($95,553.87.87 with…