Archive for September, 2008
Tuesday, September 30th, 2008
I had a VERY busy trading day.
Alright before I post some charts up on the moves I made today, let me say that today's bounce was a dead cat bounce. For those of you who do not know what that term means, it means a sudden spike up in the ...
Posted in Personal Portfolio Plays | No Comments »
Monday, September 29th, 2008
Sorry for not posting some articles but I have been very busy and the internet has been down at my residence. As I type this I am sitting in a lobby with very slow wireless internet access.
What an absolute positively INCREDIBLE two weeks of volatile trading it has been with ...
Posted in Personal Portfolio Plays, Ramblings | No Comments »
Tuesday, September 23rd, 2008
Pulled on Celgene (CELG) October 60 puts
Perfect touch of the resistance line.
Posted in Personal Portfolio Plays, Short Term Plays | No Comments »
Friday, September 19th, 2008
We are seeing the retrace of the 62% fibonnacci retracement line for the spyder index ETF (SPY) set at 126.95. You can either short this position now or wait until it hits the retracement line. For those of you interested in options, the next retracement value is at 117.30, so ...
Posted in Personal Portfolio Plays, Short Term Plays | No Comments »
Wednesday, September 17th, 2008
Here are a few plays to watch tomorrow:
Skywest Airlines (SKYW)
I like this chart. Stochastics are in overbought territory and they are rolling over. We are observing a resistance line at 20 dollars and the price sliced right back through the resistance line and closed below it. Lets stick to something ...
Posted in Short Term Plays | No Comments »
Monday, September 15th, 2008
My single greatest trading day ever. Wow what a day...even 16 minutes after the close my heart is still pumping. The Dow Jones closed 504 points and closed below 11000 and most importantly, the SP500 closed below the key 1200 support line. There was a FLURRY of activity once this ...
Posted in Ramblings | No Comments »
Monday, September 15th, 2008
Here is a very interesting article I found on CNN:
Lehman's dying hours
As the clock ticks down, workers file out of a Times Square skyscraper carrying what they can.
By Andy Serwer, managing editor
September 14, 2008: 11:41 PM EDT
"NEW YORK (Fortune) -- The last hours, minutes really, of one the world's largest ...
Posted in Ramblings | No Comments »
Sunday, September 14th, 2008
We will be in for a real treat tomorrow. A hurricane is coming to Wall Street and it looks like its going to be a category 8 storm with 900 mile an hour winds. Dow futures are currently 260 points off, S&P futures are currently 31 points off and NASDAQ ...
Posted in Ramblings | No Comments »
Thursday, September 11th, 2008
My limit order for the Black and Decker (BDK) october 60's just went through at $1.05.
I set up another limit order for Comerica (CMA) but this time, the october 25's. There is a CLEAN stop for comerica at the 32.50 level.
Posted in Personal Portfolio Plays, Short Term Plays | No Comments »
Thursday, September 11th, 2008
*Update: I have switched from MSN to Yahoo when linking my stocks. The yahoo finance site is set up nicer and shows real time quotes.
Two charts to watch for in the morning:
Ultra Financials Proshares (UYG): JUST BARELY had a break in the continuation wedge pattern. We are looking to buy ...
Posted in No Category, Short Term Plays | No Comments »