What looked like might be a good correction in March ended up shaking some froth out of the markets, but not a lot due to its brevity. While I sat there expecting a slightly bigger fall and not such a quick recovery I didn’t add enough new exposure and could’ve done a little better, but…
Sold MVV November Naked Put
I noticed last week that MVV was trading November options now, but was too busy playing catch up with work after taking time off for my grandmother’s funeral to make a trade on it. I also wanted to see how far this rally was going to bounce before adding more exposure. I thought about it…
S&P 500 Chart – Risk On
I charted the S&P 500 ($SPX) after it closed for the week on Friday, March 25, 2011 at 1,313.80. After getting a 7% correction the “Risk-On” trade quickly came back into fashion recently. Now that we’ve had more than a dead cat bounce, what’s next? The SPX is still 21 points from its high from over…
CSX Chart – March 25, 2011
I charted CSX Corp. ($CSX) this morning before the markets opened after it closed yesterday at $78.96. I missed getting in again at the recent low after my naked put expired last week. Now that it’s had a few days to run higher I’m wondering if I should wait a little bit longer. CSX has run back…
Dow Jones Chart – Dead Cat Bounce?
I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, March 18, 2011 at 11,858.52. A couple of weeks ago when I posted a Dow Jones Chart I said we were due for a little bit of a correction, probably not even 10%….
Closed SSO Long Put
Yesterday I mentioned that I had thought of closing my long put on SSO. Today I got around to pulling the trigger. I didn’t catch the absolute bottom, but that’s what really got me watching. Every time I entered a price alert I’d see the markets continuing to slide by the time I checked what…
Sold Another OTM UWM Naked Put
I was all about being patient this week, until late this afternoon. I still haven’t done much, but did make a small trade today. I was waiting to see how low the markets were going to trip before finding some footing and it looks like the fall has slowed today, if not found somewhat secure…
S&P 500 – Breaks 50 Day Moving Average
I charted the S&P 500 ($SPX) after it closed for the week on Friday, March 11, 2011 at 1,304.28. The SPX wasn’t messing around this past week. My prediction of more down days to come after the 10/20 day moving averages (dma) crossed came true. The bearish crossover cleared the path for the index to slice…
BA Chart Led to New Naked Put
When options expired in February I said I planned to sell April puts on Boeing (BA) once they were posted because the downside looked limited. If I had followed through on that plan I might have caught BA close to the same price as today or near its recent low, below $69 a couple of…