Archive for: September 2012

September 30, 2012

Russell 2000 Chart – September 28, 2012

Filed under: Finance,Indices,Stock Charts - 30 Sep 2012

I charted the daily prices for the past six months on the Russell 2000 ($RUT) after the index closed at 837.45 on Friday, September 29, 2012.

Two other trend lines are set to converge just above the 825 area.  If support works …

September 28, 2012

Sold CVS Put Spread

Filed under: Finance,Stock Picks - 28 Sep 2012

It’s been a while since I’ve made any trades using CVS as the underlying stock.  I should’ve stuck with it back then or at least got back into it when the whole Express Scripts …

September 26, 2012

Sold IWM OTM Puts for November

Filed under: Finance,Stock Picks - 26 Sep 2012

I’ve talked about my plans to re-open my small cap exposure with IWM after exiting my last position.  I finally got around to it today, but didn’t strike while the iron was at its hottest. …

September 24, 2012

Sold AMT Put Spread

Filed under: Finance,Stock Picks - 24 Sep 2012

I’m dangerously optimistic on the power of what Apple ($AAPL)’s new iPhone will do to help multiple companies and their stocks.  Barron’s had a story this weekend …

September 23, 2012

DJIA Chart – Bulls Remain in Control

Filed under: Finance,Indices,Stock Charts - 23 Sep 2012

I charted the daily prices for the year to date on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,579.47 on Friday, September 21, 2012.

The Dow is only about 5% above its 200 day …

September 21, 2012

Options Expiration – September 2012

Filed under: Finance,Stock Picks - 21 Sep 2012

Today was one of the most uneventful options expirations in recent memory.  The only contracts I had remaining going into today were part of my FDX $82.50/80 put spread.  FDX hit an intraday low of $84.22 late in the day, …

September 18, 2012

Closed FDX Long Put

Filed under: Finance,Stock Picks - 18 Sep 2012

FDX fell $2.28 (about 2.6% from yesterday’s close) at the open and then bounced back up almost a dollar quickly.  I knew it would be a bumpy morning after their disappointing earnings call earlier in the morning, but I feared …

September 17, 2012

Sold AAPL Put Spread

Filed under: Finance,Stock Picks - 17 Sep 2012

I’m drinking the Apple (AAPL) Kool-Aid for sure.  AAPL is riding the wave of its latest iPhone release and I can see that flurry of happiness lasting for weeks to come, if not longer.  We could even see a new …

September 16, 2012

S&P 500 Chart – Resistance Broken

Filed under: Finance,Indices,Stock Charts - 16 Sep 2012

This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,465.77 on Friday, September 14, 2012.

The upside limit is unclear since the SPX is at multi-year highs now and doesn’t have clear …

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