After today, I only have six more working days on my AT&T contract where I’ve been a project manager for more than four years. I don’t have another job lined up yet and I’ve been looking forward to having a little time off, as long as it’s only a little time. My wife’s new job covers our…
Growing My Account with Monsanto (MON)
I sold a naked put on Monsanto (MON) in May and should have continued to do the same each time it expired. I thought it would have a bigger pull back than it did and I waited far too long to get back in. Around market close on Friday I entered a limit order to get back…
SPDR Trust (SPY) Chart – December 14, 2007
I haven’t charted the S&P 500 in a while, but instead of just charting the $INX this time I decided to chart its biggest ETF, the SPDR Trust, aka SPY. At a quick glance you can see that my neutral sentiment rating I wrote about on Thursday has a chart to back it. The longer…
What to Trade Now?
I haven’t traded much recently because I cannot find many stocks I think are worthwhile and safe. As much as I like to make big gains I also like to preserve what I have. I am only 70% invested towards my goal of two times my liquidation amount. That leaves almost $50,000 of underlying stocks…
Yesterday is Gone, Is NYX & DWA Too?
During all of the flurry of activity yesterday the limit order I placed on NYX naked puts from a few days ago triggered. As the volatility jumped and NYX declined I quickly realized the order I had not too far above the then current bid/ask was way under priced. I should have considered removing all of…
Addicted to Money?
I have to wonder sometimes if I’m addicted to money. I think about it all the time, I constantly strive for more and never seem to have enough. I used to nag a friend in college to stop smoking and one day he replied, “why would I stop, I like it too much.” I guess that’s why…
Dow Jones ($INDU) Chart with %R Indicator – December 7, 2007
I changed the look of my DJIA chart a little this weekend. I’ve added in the momentum indicator Williams %R (aka %R). %R tries to measure overbought and oversold levels. The 0-20 and 80-100 levels are highlighted in grey automatically. Stockcharts.com goes into greater detail, but here’s a snippet: William %R, sometimes referred to as %R,…
Vimpel Communications (VIP) Stock Chart
I read about Vimpel (VIP) in the January 2008 Smart Money magazine I received today and charted it below to see if the chart agreed with Jack Hough’s theory rooted in fundamentals. His data was from nearly a month a half ago, so it’s already dated (one of the negatives with getting stock ideas from a…
Selling Covered Calls in My IRA: VLO
I read about Valero Energy Corp (VLO) in this week’s Barron’s and after charting it yesterday I entered an alert to email me if VLO traded above 65. It crossed that line in the first 30 minutes of trading today, but I was in a meeting and waited to come back to my account to…