For those of you who have been reading My Trader’s Journal for a while you know I have a hard time staying away from NDAQ for long. It’s good about bouncing in a decent trading channel and I think the downside risk is somewhat limited. I’ve been waiting for it to return to the $20…
Author: Alex Fotopoulos
Opened CVS Exposure, Again
A few months after my CVS vertical put spread position expired last summer CVS tanked on November 5th down to an intraday low of $27.38. It closed at $28.95 that afternoon and that started a rally that’s still going. That massive gap down drew my attention, but for some reason (call it caution or stupidity)…
2010 Investing Goals
Just as I did last year with my 2009 goals post I’m setting my investing goals for 2010. At the end of 2009 my account balance was $85,007.52 and I sent a $16,000 deposit in that will be credited this week. So I’m going to include this deposit for my goal setting purposes and say I’m starting 2010 with $101,007.52…
Closed EEM Position
I originally opened my in-the-money EEM naked put position based on EEM touching its trend line of higher lows. Since that’s how I started the position I only thought it wise to exit my position now that EEM is touching its trend line of higher highs (see the EEM Chart I posted this morning). While EEM was…
Dow Jones Chart – Pick Your Trading Channel
I charted the Dow Jones Industrial Average ($DJIA) on December 31, 2009 after it closed for the year at 10,428.05 and see two distinct trading channels still intact.
Year End Account Summary – 2009
2009 will go down as one of the most interesting years for the markets in my opinion. We started the year with panic as if the world would end and nobody would ever buy any products or services ever again and then jumped into the rally that acted like it never had seen a bear. I didn’t panic as…
2010 Stock Picks
As a follow up to last year’s contest for the four best stock picks over a full calendar year, I’m honored to join the same group of other financial bloggers in a friendly contest for the top stock picks of 2010. We all agreed to post our four best ETF and/or stocks picks and track them throughout the year with quarterly updates. The difference this year is…
2009 Stock Picks – End of Year Review
At the beginning of last year I joined a group of financial bloggers for a stock picking contest that would last for 12 months with no adjustments allowed. We didn’t put any money on the line for the contest (luckily). My picks had a mixed year which helps explain why I rarely hold any single equity for more than a few…
Sold AXA Naked Puts
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…