I started following AXA after Barron’s wrote a bullish cover story on it a few weeks ago. It gapped up on the next trading day after the article was printed and I waited. I wanted to see if it could get past its trend line of lower highs that started in October. On Friday it…
Added Short Term Bond ETF
I still have $11,100 sitting in my TD Ameritrade account and decided to use it for some static holdings in bonds instead of trading options there with the higher fees than my new Interactive Brokers account. I think long term bonds are due for a move lower as interest rates are almost guaranteed to go up…
Easing Into EEM Position
A few months ago I talked about keeping a regular position in an emerging markets ETF (EEM) to have some international exposure. Once EEM had a big run up I backed off that plan, but only until today. As I reflect at the end of the year about how my trading model worked this year I’m…
S&P 500 Chart (SPX) – Converging Trend Lines
I charted the S&P 500 ($SPX) after the markets closed on Friday, December 18, 2009 when it closed at 1,102.47.
Expect Oil to Stabilize – Added To My UCO Position
I misjudged UCO’s potential decline by $0.35. That’s how much of a loss I would have taken on my UCO December 12 naked puts if I had bought them back today. Instead, I let the options expire in the money which means I’ll be buying 500 shares of UCO on Monday at $12.00 while it finished…
DIA Call Options Assignment
Today was a lot more interesting than I thought it would be. My DIA December 102 call options were assigned which meant I bought 400 shares of DIA at 102 and took a full profit on that leg of the option spread. That left me short 400 shares of DIA, but with DIA December 103…
Still Mostly In Cash
I’m still mostly in cash in my account with the following options still losing time value each day. I’m short all of them except for the DIA 103 calls I used to hedge my short DIA 102 calls. -4 DIA December 102 Calls (DIALX) 4 DIA December 103 Calls (DIALY) -3 DIA December 102 Puts (DIAXX) -3 NDAQ December 19 Puts (NQDXL) -5…
Dow Jones Chart – Giving Resistance Another Try
I charted the Dow Jones Industrial Average (INDU, DJIA, $DJI) after the markets closed on Friday, December 11, 2009 when it closed for the week at 10,471.50.
Still Here, Just Not Seeing Good Trades
I’m not on vacation, just watching the sideways action in the markets and can’t seem to find anything I want to trade on or invest in. After I opened my DIA position last week I saw it dip close to where I wanted, but then it came back up quickly. Yesterday I tweeted about the Dow…