I charted the S&P 500 ($SPX) after the markets closed on Friday, September 4, 2009. The SPX finished the week at 1016.40. I drew four trend lines I marked A, B, C and D.
Sold AT&T (T) Naked Puts
I’ve been planning this trade all week, ever since I charted it on Monday on my first day of working at AT&T (NYSE: T). T behaved just as I said it would. It came down from $26.21 to $25.01 (I said $25.00 looked like support) and turned back up. I saw it when it was…
Sold EXPD October 30 Naked Puts
Dimitra DeFotis wrote a bullish piece on Expeditors International Washington (NASDAQ: EXPD) in this week’s Barron’s. It’s a transportation company (an industry where I had no exposure) and is a mid-cap company, another hole I needed to fill in my effort to stay better diversified. The analysts DeFotis sited think EXPD has huge potential. I just need…
Current Positions – September 2, 2009
I’ve been waiting for a correction as I’ve been wrong for the past 200 points up in the S&P 500 and it’s possible we’re finally getting it based on this week’s price action. The thought that it could be happening finally made me go back and double check I haven’t gotten in deeper than I…
End of Month Summary – August 2009
I eked out another month of gains (that’s six straight, I know – nothing to brag about when the markets do the same), but ever so slightly and at a slower pace than most of the stock indexes. I continued to run my account conservatively with the majority left in cash without even using options enough to risk much of…
Sold Naked Puts on DSX & UCO
I entered a few orders over the weekend with the idea that they might trickle in during the week while I stay focused on my new job. Instead, two of them hit in the first half hour of the trading day which caused me to get email alerts to my phone. That meant I “had to”…
Dow Jones Industrials Chart – August 28, 2009
I charted the Dow Jones Industrial Average ($DJI) after the markets closed on Friday August 28, 2009 when the DJIA closed at 9,544.20.
Sold BA October 50 Naked Puts
I’m still on vacation this week while my wife is working and my son is at school. That means I spend my days rotating between getting stuff done around the house that I’ve been meaning to do since we moved in three and a half years ago, watching CNBC, getting all of my doctor appointments out…
Wilshire 5000 Chart – August 21, 2009
I charted the Wilshire 5000 ($DWC) after the markets closed on Friday, August 21, 2009 when it closed at 10,552.27. The way I chart the broadest index for the U.S. equity market, I see that we are back at the top of the trading channel between the trend line of higher highs and higher lows. …