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Archive for January, 2009

Posted by Martin January 28, 2009

Market follow-through started a new rally attempt

Or is it another bounce? Today the [tag]market[/tag] entered into another [tag]rally attempt[/tag], fourth in a row. The market rallied on a new [tag]bank[/tag] [tag]bailout[/tag], which I personally do not like. Banks are receiving excessive monetary help, but can any of you experience any improvement? Did your [tag]interest rate[/tag] go down? Would you be able to get a new [tag]loan[/tag] recently? I talked to couple architects and developers and mostly their response was, that even though they have a very good [tag]credit[/tag] and they have good businesses, banks are reluctant [tag]lending money[/tag]. So what are they doing with the help they received? Buying new Jets?
Nevertheless this may be an impulse for the market propelling upwards and stimulate new growth, even though I am quite suspicious that such bailouts would help to start a sustainable trend.

[tag]Dow[/tag]
+200.00 +2.46% 8,375.45
[tag]Nasdaq[/tag]
+53.44 +3.55% 1,558.34
[tag]S&P[/tag]
+28.38 +3.36% 874.09

All [tag]indexes[/tag] are still below their [tag]50 day MA[/tag] and far below [tag]200 day MA[/tag] indicators. It still is not the right time to [tag]start investing[/tag]. I am still waiting in [tag]cash[/tag] for the next move, watching the market, [tag]stocks[/tag] and [tag]saving money[/tag] for future confirmed rally. There are no stocks, which would fit my picking criteria anyway.


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Posted by Martin January 27, 2009

Is the market looking for a new uptrend?

Is the market looking for a new uptrend?

The [tag]stock market[/tag] seems to be bouncing at the bottom. When looking at the [tag]chart[/tag], the stock market failed two [tag]rally attempt[/tag]s and it seems like it cannot fall through its virtual [tag]support line[/tag]. Is it really a bottom, from which the market would be able to jump up? Or is it just bouncing like a ping-pong ball on the table just to fall further down over the edge of the table?
Let’s see what the next couple weeks bring us.

Dow Jones


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Posted by Martin January 23, 2009

Picks 01/19 – 01/23

No [tag]new picks[/tag].

There is nothing to buy out there.

Existing holdings:

100% CASH


Contribution this week: $0

Starting account value = $2,009.80

Account value = $2,009.80 (without margin)

Buying power = $2,009.80

[tag]Portfolio Gain/loss[/tag] this week = 0.00%

[tag]Portfolio[/tag] Gain/Loss for JANUARY 2009 = 0.00%

Portfolio Gain/loss since inception = -19.19%

[tag]Annual Return[/tag] (CAGR): -19.19%

Now the portfolio is 100% cash, waiting for the new confirmed rally. I transferred all money to a savings account and I will be saving more money for the new upturn, study the market and wait.


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Posted by Martin January 19, 2009

Stock options results – January 2009

A month ago I started [tag]investing[/tag] into [tag]stock options[/tag] using the most [tag]basic strategy[/tag] called “[tag]Covered call[/tag]s”. The reason I started learning this strategy was to [tag]protect my investments[/tag] and create a steady monthly [tag]income[/tag]. However, prior investing the real [tag]money[/tag] I opened a [tag]virtual account[/tag] at CBOE for learning purposes. I wanted to try all possible situations, which may occur during the [tag]option[/tag] lifetime. During this month I have learned a lot, but still there is plenty to learn and some other questions raised in my mind, but overall I am grasping how Covered calls work.
Read More

Posted by Martin January 16, 2009

Picks 01/12 – 01/16

No [tag]new picks[/tag].

There is nothing to buy out there.

Existing holdings:

100% CASH


Contribution this week: $0

Starting account value = $2,009.80

Account value = $2,009.80 (without margin)

Buying power = $2,009.80

[tag]Portfolio Gain/loss[/tag] this week = 0.00%

[tag]Portfolio[/tag] Gain/Loss for JANUARY 2009 = 0.00%

Portfolio Gain/loss since inception = -19.19%

[tag]Annual Return[/tag] (CAGR): -19.19%

Now the portfolio is 100% cash, waiting for the new confirmed rally. I transferred all money to a savings account and I will be saving more money for the new upturn, study the market and wait.


Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?

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Links:

$4.95 Trades + $.65 per Contract – Market or Limit, No Minimums. www.TradeKing.com

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TradingSolutions: Financial analysis and investment software that combines technical analysis with neural network and genetic algorithms.

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Posted by Martin January 14, 2009

Dow plunged 248 points and ended rally once again

Dow plunged 248 points and ended rally once again

The [tag]stock market[/tag] opened down, continued its downturn all day and counted its sixth [tag]loss[/tag] in a row. Bad [tag]economic data[/tag] slashed the [tag]rally attempt[/tag] to dust. Are we heading below 8000 points?

[tag]Dow[/tag]
-248.42 -2.94% 8,200.14
[tag]Nasdaq[/tag]
-56.82 -3.67% 1,489.64
[tag]S&P[/tag]
-29.17 -3.35% 842.62

The last [tag]rally[/tag] was mostly led by weak [tag]stocks[/tag] on low [tag]volume[/tag]. Leaders were lacking to [tag]breakout[/tag] from their bases and if it happened those breakouts failed anyway.

[tag]Dow Jones[/tag]

Tip: Bad economic data are sinking the market. We are in [tag]correction[/tag] again and it is not time for [tag]investing[/tag]. The best approach in the market like this one is to stay aside, open no new positions and wait in [tag]cash[/tag] until the market confirm itself in a [tag]new rally[/tag].

Links:

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#1 – Learn how to invest in stock, Proven stock market strategy –Discover How To Turn $1000 Into $1,000,000.00 In 5 Years Or Less…Guaranteed! Or Get $50 Cash For Wasting Your Time!

Posted by Martin January 11, 2009

The stock market is growing, but on weak economic data

Quo vadis? The [tag]stock market[/tag] has been growing since December 8th, 2008 in a modest pace in spite of bad [tag]economic[/tag] data. Are we really at the bottom of this [tag]crisis[/tag]? [tag]Economists[/tag] say, the [tag]crisis is over[/tag], [tag]stock markets[/tag] are bottoming or turning back up, some [tag]stocks[/tag] are forming their [tag]pattern[/tag]s, but is it really over? Is it time to start moving [tag]money[/tag] back to our [tag]investing[/tag] accounts and get ready for new [tag]uptrend[/tag]? Economic data from December 2008 were surprisingly lower than expected, [tag]unemployment[/tag] claims worse than predicted. Some say we are heading to another [tag]financial[/tag] bubble, which will be even worse than all previous (www.weltonline.de) ones.

When taking look at the stock market [tag]chart[/tag], particularly [tag]Dow Jones[/tag], we can see its [tag]modest growth[/tag]. Both indicators – 21 day MA and 50 day MA are turning up. Even though we still can read in newspapers about bad economic data, unemployment rate is at 16-yr high (7.2%), some say that the crisis will continue well in 2009 year and some say that we are ahead another [tag]crisis[/tag], deeper than this one – treasury bonds crisis, the [tag]trend[/tag] holds up.

Dow Jones

When looking at the chart, the market is still holding its uptrend, mediocre one, but still going up in general. Last couple declines could be just a reaction to bad news or it can be a sign of the end of the [tag]rally attempt[/tag]. Let’s see what would happen in upcoming week.

Tip: It is not time to [tag]start investing[/tag] yet. Wait for the [tag]market[/tag] to confirm itself. This rally attempt can still fail next week. I would stay out of the market, watch potential [tag]winning stocks[/tag], add them to a watch list and wait. There always will be plenty of opportunities to [tag]buy winning stocks[/tag] when the rally confirms itself.

Links:

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#1 – Learn how to invest in stock, Proven stock market strategy –Discover How To Turn $1000 Into $1,000,000.00 In 5 Years Or Less…Guaranteed! Or Get $50 Cash For Wasting Your Time!

Posted by Martin January 10, 2009

Picks 01/05 – 01/09

No [tag]new picks[/tag].

There is nothing to buy out there.

Existing holdings:

100% CASH


Contribution this week: $0

Starting account value = $2,009.80

Account value = $2,009.80 (without margin)

Buying power = $2,009.80

[tag]Portfolio Gain/loss[/tag] this week = 0.00%

[tag]Portfolio[/tag] Gain/Loss for JANUARY 2009 = 0.00%

Portfolio Gain/loss since inception = -19.19%

[tag]Annual Return[/tag] (CAGR): -19.19%

Now the portfolio is 100% cash, waiting for the new confirmed rally. I transferred all money to a savings account and I will be saving more money for the new upturn, study the market and wait.


Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?

Stay updated with Hello Suckers Hello Suckers Feed

Links:

$4.95 Trades + $.65 per Contract – Market or Limit, No Minimums. www.TradeKing.com

Get The Wall Street Journal for 75% off!

TradingSolutions: Financial analysis and investment software that combines technical analysis with neural network and genetic algorithms.

Click Here to get 4 Bonus Weeks of Investor’s Business Daily Digital Edition!


#1 – Learn how to invest in stock, Proven stock market strategy –Discover How To Turn $1000 Into $1,000,000.00 In 5 Years Or Less…Guaranteed! Or Get $50 Cash For Wasting Your Time!

Posted by Martin January 02, 2009

Picks 12/29 – 01/02

No [tag]new picks[/tag].

There is nothing to buy out there.

Existing holdings:

100% CASH


Contribution this week: $0

Starting account value = $2,009.80

Account value = $2,009.80 (without margin)

Buying power = $2,009.80

[tag]Portfolio Gain/loss[/tag] this week = 0.00%

[tag]Portfolio[/tag] Gain/Loss for JANUARY 2009 = 0.00%

Portfolio Gain/loss since inception = -19.19%

[tag]Annual Return[/tag] (CAGR): -19.19%

Now the portfolio is 100% cash, waiting for the new confirmed rally. I transferred all money to a savings account and I will be saving more money for the new upturn, study the market and wait.


Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?

Stay updated with Hello Suckers Hello Suckers Feed

Links:

$4.95 Trades + $.65 per Contract – Market or Limit, No Minimums. www.TradeKing.com

Get The Wall Street Journal for 75% off!

TradingSolutions: Financial analysis and investment software that combines technical analysis with neural network and genetic algorithms.

Click Here to get 4 Bonus Weeks of Investor’s Business Daily Digital Edition!


#1 – Learn how to invest in stock, Proven stock market strategy –Discover How To Turn $1000 Into $1,000,000.00 In 5 Years Or Less…Guaranteed! Or Get $50 Cash For Wasting Your Time!

Posted by Martin January 01, 2009

Investing Resolution

The 2008 year is over. In spite of the crisis it was a successful year. My income increased and I have bought my own condo. This purchase prevented me from accomplishing my goals for 2008 year, such as building my emergency fund. I used most of my reserves for a down payment. In investing I changed my strategy and I believe this would help me to get better results in the new year. The market overall dropped down by 41% (Nasdaq), 34% Dow, and 38% (S&P 500). Many investors suffered huge losses, some lost everything, some made money on the other hand. The end of the year 2008 was very hectic. It was amazing watching all turbulence and bankruptcies across the entire economy.
Let’s hope the new year 2009 will be even better for all of you. I wish everybody, who suffered losses (money, job, etc), to recover quickly and start over more responsibly than many did last year.

The goal for 2009 is:

  • build my long term emergency fund and rise its balance back up to $5,000
  • learn more how to invest into stocks and options successfully and make min. 20% profit on stocks
  • learn options to make min. $100 a month income

The new year will be more about savings and increasing an income.
Happy New Year 2009 to all.