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Archive for November, 2011

Posted by Martin November 30, 2011

Be aware of next bubble to burst

There are many many news media out there excitedly creeping around “finally solved” or “European hopes” bushes (read: news). The news media such as Yahoo or CNN Money are among them. Almost worthless to read it! However, you can find commentaries out there that are not that optimistic and that are providing with more realistic, Continue reading →

Posted by Martin November 30, 2011

How are you positioned in this market?

Today the central banks claimed their will to allow unlimited access to dollars for whoever needs them. Don’t be too excited. It will not be you or me who can ask for the new printed money. It will be given to those who spent them recklessly and now need a bailout. How often have we Continue reading →

Posted by Martin November 29, 2011

Where is the market going? A bounce or a new trend?

Today morning I opened SPY calls position thinking the market is going for something big, maybe a reversal and better performance. When you check MACD, you can see a divergence of the current trend and the indicator. That may be a sign that this downtrend is weakening. And that was my initial reason for going Continue reading →

Posted by Martin November 23, 2011

ACE failed as a buy candidate

As I expected ACE failed as a bullish trade candidate. It didn’t hold and fell below 50 day MA along with other potential trades I mentioned in my last post. Partially it is due to a sharp sell off in the market. Thus I considered those trades as potential candidates and not a buy candidate. Continue reading →

Posted by Martin November 23, 2011

Germany is seeing debt crisis problems

On Wednesday Germany offered a new set of 10-year bonds on Wednesday’s auction for about 6 billion Eur. Due to lack of interest from investors, almost 3/4 of of the offer wasn’t sold. One reason could be the upcoming holiday here in the US so the volume was low overall. However as Reuters mentioned this Continue reading →

Posted by Martin November 22, 2011

ACE in a bullish trade setup

ACE in a bullish trade setup

ACE Ltd is now creating a new bullish trade setup. After nice run up in previous month the stock created new 52-day year high price and now is pulling back to 50 day and 200 day moving averages. It is in 50% retracement zone and it would be expected that the stock bounces back up. Continue reading →

Posted by Martin November 19, 2011

Is Mercadolibre (MELI) breaking down? Let’s protect it!

Is Mercadolibre (MELI) breaking down? Let's protect it!

I have a long stock position in Mercadolibre. Last Friday the stock seemed to break down from a narrow consolidation sideway range trend which occurred after a large runaway gap. Normally this would be a healthy move, but at the market environment like these days, the market can drag this stock down. This break was Continue reading →

Posted by Martin November 18, 2011

Autonation (AN) range trade

Autonation (AN) range trade

Autonation is a stock trading in a range. Today it rebounded from the support line (see green horizontal line) and it seems it may go up to the upper resistance line (see higher green horizontal line) to complete another wave of range trending. Click to enlarge However, there are two obstacles on the way. The Continue reading →

Posted by Martin November 18, 2011

SPY put adjusted into Diagonal Put Spread

I decided to adjust my original SPY put trade into a diagonal put spread. That will bring some income and reduce the original put cost. I have: 1 SPY Dec17 2011 124 strike put and I adjusted this trade into a diagonal put spread, so the final holding will be: 1 SPY Dec17 2011 124 Continue reading →

Posted by Martin November 18, 2011

Options expiration Friday – November 2011

Today is an options expiration day. That means I had to take care about some of my holdings: SLV I hold long term SLV January 2012 Put contract. Against this contract I was selling covered calls and this month I sold one SLV Bear put Spread contract. This contract was as follows: -2 SLV Nov19 Continue reading →