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…
Author: Alex Fotopoulos
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…
Sold Naked Puts on Raytheon (RTN)
Jim Cramer ranted about Raytheon (RTN) last night. I charted the stock and saw that it was about to have a bullish cross with its 10 and 20 day moving averages (see the blue and green lines respectfully). For history’s sake, notice the bearish cross of the 20 day moving average when it passed above the 10 day moving…