I charted the S&P 500 ($SPX) after it closed for the week on Friday, April 15, 2011 at 1,319.68. The past week is so clogged up with moving averages crossing over near trend lines I included an inset of the past four days magnified to make it clearer how the week ended. The trend lines played…
Author: Alex Fotopoulos
Options Expiration – April 2011
I had short options on four different stocks/ETFs that expired today. All were profitable and I plan to work with all of them again for either May or June expiration options. My only April option that wasn’t profitable was QCOM and it was assigned a couple of days ago and has gained some ground since…
QCOM Option Assignment
I guess someone on the other side of my QCOM April 57.50 naked put contract got scared and decided to dump their shares on me while the markets sold off yesterday. I knew I was going to take the assignment by Friday afternoon since it was fairly deep in the money so this just gave…
S&P 500 Chart – Tell Me What YOU Think
I grabbed a chart of the S&P 500 ($SPX) after it closed for the week on Friday, April 8, 2011 at 1,328.17. I’m short on time this weekend, so let me know what you think of this chart and where the technical indicators are telling us the markets will be in the short and long term.
Sold DSX June Naked Puts
I spoke too soon in my post earlier today when I said I was sitting back to wait to see where everything is heading. A few days ago I entered a limit order for DSX naked puts in case it dropped back into the lower range it’s been bouncing through. That order just hit this…
My Trader’s Journal’s 4 Year Birthday
Four years ago today I wrote my first post for MyTradersJournal.com. While I haven’t earned the riches from blogging that I dreamed of originally I’ve learned a lot from many of you and continue to enjoy writing it. In the past four years I have only missed blogging about a trade once on the same…
2011 Stock Picks – Q1 Update
At the beginning of this year I joined a stock picking contest with some other top financial bloggers from the US and Canada. I came into the year bullish and went all in with a diversified equity portfolio. So far that plan seems to have been a good one and puts me in third place…
Dow Jones Chart – April 1, 2011
I charted daily prices for the past eight months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, April 1, 2011 at 12,376.72. When I posted a chart two weeks ago I questioned whether or not the turn higher was just a dead cat bounce or not. It turns out…
End of the Month Summary – March 2011
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…