I’m late to the gold game, but I finally got back in. For months I expected the dollar to strengthen on the weakening euro. Now I’ve come to accept the fact the US has to weaken the dollar to have a chance of getting a handle on our debt. This weakening will just continue to…
Month: August 2011
S&P 500 Chart – When To Buy?
This S&P 500 ($SPX) chart shows the past six months of daily prices after it finished the week at 1,199.38 on Friday, August 5, 2011. This past week was the most painful fall for bulls over such a short period since 2008, but a lot of that pain could’ve been avoided by traders who were paying attention…
End of the Month Summary – July 2011
The Dow Jones and S&P 500 both lost close to 2% in July. That makes my 1.4% loss not feel quite as bad. If nothing else, it allowed me to pull ahead of the S&P 500 and Russell 2000 year to date returns a little more. I finally got around to increasing my exposure some,…
Sold New SSO Naked Put Too Early
I must have been feeling a little giddy after charting the Dow Jones yesterday and thought it could be wise to get into the market early to ride the wave back to the upper side of the trading channel. Almost three minutes into the trading day, while SSO was trading at $51.85 I sold one…