Archive for: October 2011

1,220 still seems to be the magic number for the S&P 500′s ($SPX) resistance.  This morning’s start was good enough for me to add some more exposure though.  I started with adding more UCO before lunch.  I am long 300 …

AFLAC, Inc ($AFL) has been on a nice run since it bottomed out recently.  Sadly, not far from the bottom I sold covered calls at the $36 strike for November only to see AFL run up past $36 and send …

This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week higher at 1,155.46 on Friday, October 7, 2011….

I expected the S&P 500 to hold support above 1,100 and when it tripped lower at the end of the day yesterday I decided to cut more exposure this morning.  I started off with my biggest risk, VXX.  The VIX …

At least I started the stock picking contest near the top and isn’t that what matters?  No?  My high hopes have been dashed with the demise of my picks in the third quarter.  I’ve slipped in the ranks to the …

September was just an ugly month for me.  There’s no way to sugar coat it.  I expected a flattening or possibly even a rise from the lows of the end of August, but we didn’t see the carry through that …

I charted daily prices for the past three months (Q3) on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, September 30, 2011 at 10,913.38.  The surprise of this past week is that it ended higher …