Well folks, this is what we are waiting for. The S&P’s seem to be hovering slightly below the 38.2 retracement which is 1017 and sitting on the secondary trend line in this uptrend. I don’t think that it will remain here. I am expecting a close above this level. So I [...]
Continue reading about The market has dipped, therefore I am a buyer
I can never seem to post on Friday’s. I guess it is because of the weekend and even though I do not do much, I have plenty to do. Does that make sense? Well anyway, on Thursday I brought into the AIG hype and brought a Jan 55 Call for $9.90. [...]
Today I brought into the hype of AIG and brought a call option, why not. I brought the Jan 55 for $990. It effectively becomes an expensive lotto ticket. The most I can lose is $990 and the upside is unlimited. My Citigroup call options treated me well today and so [...]
I am just monitoring my current positions today. Overall, I’m still bullish on the market. Yesterday, I did forget to post a trade I made in First Solar(FSLR). I few days ago I brought a small position and just yesterday I bought up to a full position. I am expecting FSLR [...]
I brought a small position in First Solar (FSLR), trying to play for the bounce. If it can get above $129.50, I will buy more. I am out below $119.50.
I added to my Apple (AAPL) position on this mornings drop, but it appears that we are getting an afternoon drop also. If [...]
I wanted to post this particular stock chart of Morgan Stanley (MS) up Sunday Night, but didn’t have time. I like this chart as MS didn’t rally as hard as other financials and is bouncing off of strong support via trendline and price level. It is already up 2.53% today so far, but [...]
Continue reading about Monday Morning Bone – Morgan Stanley (MS)
I like to apologize to the subscribers to this blog. I am in the middle of updating this blog and trying to get the RSS links to work correctly. During this time you may get test post, repost, or updated post emailed to you or posted on your reader. Please be patient [...]
Continue reading about Please excuse me for multiple postings
If you follow my blog you would of been informed, by me of course, that the market would be higher today. The charts were looking exactly like the head and shoulders pattern that was supposed to happen but failed. The existing homes data was outstanding. Options expiration also is playing a role [...]
Now I now that this makes no sense. But if you pull up a chart of the SP 500 and go back to the failed head and shoulders pattern where we ripped up when everyone thought we was going down. You will find that now looks remarkably similar to back then. I [...]
