I charted the daily prices for the past seven months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 15,258.24 on Friday, September 27, 2013. The next trend line to watch is very subjective. It cuts through the middle of the wider trading channel, but has…
Month: September 2013
Closed UCO Ratio Put Spread
I feel relatively confident that oil’s best days are behind it for the near term, but a few weeks ago, I entered an order to close my UCO put spread for a tiny additional profit. My order lasted for at least two weeks to sell my 20 short puts and 10 long puts for net…
S&P 500 Chart – It’s Not Over Until It’s Over
I charted the daily prices for the past year on the S&P 500 index ($SPX) after the index closed at 1,709.91 on Friday, September 20, 2013. I pulled up a six-month chart when I first charted the $SPX today. I saw this four-month trend line act as resistance and thought, that was a clear reason…
Options Expiration – September 2013
I’m a day early on my options expiration post because I closed out my remaining September options today and figured I could wrap up my commentary sooner than later too. I might come back in to make another trade tomorrow, but doubt it based on the trades I made today and everything else I have…
Dow Jones Chart – September 13, 2013
I charted the daily prices for the past six months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 15,376.06 on Friday, September 13, 2013. The first bullish indicator was seen from the trend line of higher lows over the past six months. The Dow dropped quickly…
Riding the Trend with SSO
Yesterday, I mentioned my waning concern on Syria’s influence on the US stock market over the coming months. News today proved that theory correct, kind of. Thanks to Russia’s announcement to intervene, the threat of our attack diminished and stocks advanced further. I was correct that stocks would advance, however I figured it would happen…
Rolled IWM Naked Puts to November
I keep feeling like I’m missing out on something since I haven’t been trading much over the past month and a half. The good news is that I haven’t missed out. My account balance grows when the market stays flat and when it moves higher. The surge in prices today got me to add some…
End of Month Summary – August 2013
I fared better than the broader markets in August, but still lost a few bucks on paper. It wasn’t a bad month in that view, but felt like a wasted month in some ways. I barely traded and had a puny realized gain for the month. In other ways, it seemed like a good consolidation…
SPX Chart – August 30, 2013
I charted the daily prices for the year to date on the S&P 500 index ($SPX) after the index closed at 1,632.97 on Friday, August 30, 2013. The spoiler in that bearish call could be support from the higher trend line of higher lows that ignores some of the short-lived moves below the trend line….