I wrote about my plans yesterday and even before the market opened today my alert for JP Morgan (JPM) was blaring at me as it was trading pre-market below the floor I set for it. I had alerts set to go off when JPM went outside of Wednesday’s trading range and I figured that’d tell me where…
Author: Alex Fotopoulos
Sold New Options on INTC & MS
I’ve sat on my Intel (INTC) shares for a while without selling covered calls, but decided to change that this morning. I’m glad I didn’t panic at the lows a few weeks ago, but clearly should’ve sold covered calls back in June or July soon after these shares were assigned and my losses began stacking…
3 Positions Updates – UCO, CVS, VXX
I spent yesterday watching to see how the market would behave this week after such a good run already in the books. I made no trades in my taxable account until today when I decided to make a few adjustments. I started with UCO. My long term position still has a paper profit for me…
S&P 500 Chart – Still in Trading Channel
I charted the S&P 500 ($SPX) after the markets closed on Friday, 9/17/10, when it closed the week at 1,125.59.
Options Expiration – September 2010
Today’s options expiration finished quietly for me as I only changed one position in my account. The real action starts next week when November contracts are posted for all of my positions that don’t have them yet. For the most part it went the way I described it earlier in this week in my lead-up summary. …
Boring Market – Stay On Your Toes
Just because the market’s volatility has slowed doesn’t mean it can’t come ripping back to life in an instant. I see the markets (particularly the S&P 500) at a tipping point. The 1130 level seems to be of key significance. The SPX made it up to 1131.38 on 6/21/10, then 1128.66 on 8/4/10, 1129.25 on…
Russell 2000 Chart – Met With Resistance
I drew the Russell 2000 index chart ($RUT) after the index closed on Friday, September 10, 2010, at 636.36.
INDU Chart – Back to the 200 Day Moving Average
I captured the Dow Jones chart ($DJIA, $INDU, $DJI) after the index closed on Friday, September 3, 2010, at 10,447.93.
Bought BND and Charted VXX
I mentioned in my end of the month summary this week that I sent in another $2,000 to my TD Ameritrade account where I hold my long bond positions. Although I sent the funds in nearly a month ago I just had it sitting there in cash. I was waiting on a dip in bonds and…