My charting of the Dow Jones ($INDU) for this week is really interesting. For variety, I changed the look again and charted the daily prices for the Dow going back to October 2006. That’s close to the beginning of the narrow trading range we saw that carried through most of February. After nose diving below that…
AT&T Review – In Honor of the iPhone Release
As someone who works at AT&T (on contract) and has been beaten over the head with the iPhone blitz even more than the rest of the non-AT&T/Apple world which has suffered enough, I figured I should throw my two cents out there about AT&T (NYSE:T). Before even glancing at the T chart, I started with…
Took at Loss on Nucor (NUE)
Yesterday morning, not too far from the low of the day, I bought back my NUE covered call for $0.25 and sold my shares for $56.78 in my IRA. I entered into the position back on May 14th and wrote about it then. Luckily, I sold my cc in the money, but sadly not deep…
5 Tips for keeping a Stock Trading Journal
A journal, be it called a trader’s journal, trading journal, stock journal, investment journal or any other derivation has a key place in any investor’s methodology. Tracking all of your stock trades and also your thoughts on what you might invest in can be the road to better returns for multiple reasons. It reinforces discipline, lets you learn…
Took a Loss on Grupo Televisa (TV)
I finally accepted my losses on TV this morning as I should have done last week. Actually, I should have done it as soon as the news came out weeks ago that they were going to loose their strangle hold on the Mexico market. I noticed yesterday that TV was at the bottom of the…
Does the VIX Matter Still?
VIX is likely a familiar point of reference for anyone who uses options as an investment tool. The VIX is basically a measurement of the entire market’s volatility. When volatility is up, option premiums are up in general. Those of us who are option writers make more money per trade when the premiums are up, but we find…
DJO Incorporated (DJO): Stock Chart
The June 25th issue of Barron’s had a follow-up article on DJO that made me take a closer look. In short, the writer was bullish with his belief that DJO is in a recession proof business. Being in a so called recession proof business doesn’t mean the company itself is incapable of taking a hit. DJO…
Charting the S&P 500 ($INX)
Instead of the Dow chart this week, I’m taking a look at the S&P 500 weekly chart for the past six months. The two charts are similar, but not exactly the same. I’m only going back six months this weekend instead of my normal yearly view because I drew so many lines that they became more…
Stocks Are Still Better Than Bonds
I read a good article on MSN Money today that seemed to echo what I said last week in my post about risk. Apparently Jim Juback reads my blog and must be getting ideas from me (of course I’m kidding, probably). Here’s a quote from his article: “My argument breaks down into two main parts….