I used to run this drill on my portfolio every month to make sure I was staying fairly diversified, but have fallen away from it for a while as I wasn’t concentrating on opening as many new positions as much as managing what I already had on my plate. I’m starting to get more bullish, although with…
XLB Vertical Put Spread Credit
I’ve been watching the Materials Select Sector SPDR ETF (XLB) for a while after I bought and sold put options on it last year and in January of this year. I kept thinking it would fall more and hasn’t. So I kept waiting and charting. I was working on an XLB chart this morning for my other blog and after I saw XLB…
TDW Stalled and I Sold Covered Calls
Tidewater Inc (TDW) dipped with the most of stocks this morning and I decided to reduce my cost per share again. While TDW was selling at $39.51 today I sold 2 TDW April 40 covered calls (TDWDH) at $1.40 and received $268.50 after commissions. I’ve been considering it for a while, but thought TDW might…
S&P 500 Chart – April 3, 2009
The last time I charted the S&P 500 ($SPX.X) I was confident enough that it was going up that I even said it was a buy in the title. Today I’m not as confident. The big technical indicator that drew my attention last time was that Williams %R broke above oversold and confirmed that direction…
Changed MON Option Position Yet Again
I should have known better than to get out of my long put early on MON yesterday. It dropped more than $4 this morning. At least I knew enough to not sell my shares at the bottom of its dip though. By 11:00 it had recovered some, but to possibly cut my cost some more I bought into a…
Changed MON Option Position
I changed my option position on Monsanto (MON) today, a week and a half after I opened a long put on MON that fluctuated a good bit over the past few days. I’ve stayed long on MON the whole time. They released earnings this morning and beat expectations jumped higher and then fell nearly $7 from…
2009 Stock Picks – Q1 Review
It’s time for the end of the first quarter review of my 2009 stock picks and the picks of my fellow bloggers in this friendly competition. The bad news is that none of my top stock and ETF picks (DRYS, NDAQ, SSO and USO) for 2009 are up through Q1, but the good news is that my timing on exiting these in…
End of Month Summary – March 2009
We need more months like March and I’ll remain a happy man. I’m not getting overly giddy yet though. I still think the markets have some sifting out of data to figure out which direction we’re heading in throughout the rest of the year. I still have a decent percentage of my account in cash right…
New Stock Chart Technical Analysis Blog
I started a new free stock charts technical analysis blog named chart-analysis.com. I’ll admit it’s not such a clever name, but it’s meant to be fairly concise for my stock chart analysis. I plan to chart a few stocks or ETFs each week and highlight where I see patterns for support and resistance. I’ll still chart market indices here…