I let this week slide by without making any real attempt to open any new positions. The only order I entered was for ORCL March options, but left my limit price too high and ORCL only went up which left it outside of my portfolio. While the markets have been moving higher, I’m still cautious about…
Author: Alex Fotopoulos
S&P 500 Chart – Resistance at 1080
I charted the S&P 500 ($SPX) after the markets closed on Friday, February 12, 2010 when it finished the week at 1,075.21.
Added to SSO Position
A few weeks ago I opened a small SSO position with the idea that if it went up I’d just pocket the profit and move on and if it went against me (which it did) I wouldn’t lose much and would probably add to the position if SSO fell further. SSO has done that and I stuck…
S&P 500 Chart – February 5, 2010
I charted the S&P 500 (SPX) after the markets closed on Friday, February 5, 2010 with the SPX at 1,066.19.
Closed AXA Position + Account Status
I hated to do it, but I think it was the smart move to take my loss on AXA and move on. It broke support a couple of weeks ago and fell below my strike. That’s when I should’ve gotten out, but I thought it was going to be a long term hold for me. …
Adjusted CSCO Mistake and Added KFT Naked Puts
A couple days ago I posted my trade details about selling CSCO naked puts at the money. I was psyched when I saw CSCO beat earnings last night. I checked this morning to see if I should consider closing my position for a quick profit or not, but noticed I was actually losing money on it. It took…
Sold CSCO March Naked Calls
(2/4/10 EDIT) The copy below is what I originally wrote two days ago, but I just realized today that I screwed up on my order and sold calls instead of puts. I’ve changed the above post title and scratched through my original description to edit it to say “calls” instead of “puts” now. I wrote a…
End of Month Summary – January 2010
January turned out to be an interesting month. After six months in a row of gains we finally saw the Dow Jones drop. The S&P 500 fell for the second time in 11 months. It makes me feel a little vindicated for staying so heavily in cash over the past few months after seeing the DJIA fall back…
Dow Jones Chart – January 29, 2010
I charted the Dow Jones Industrial Average ($DJI, DJIA) after the markets closed on Friday leaving the DJIA to finish the week back down at 10,067.33.