Last night, the European leaders tentatively agreed on national budgets controlled by Brussels. I cannot imagine Greeks, British, Spain, Czech Republic, Slovakia or other European countries with historical animosity towards Germany and each other allowing anyone telling them what they should do with their national budgets. Also, the agreement counts on lowering the deficits of Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Posts Tagged With 'SPY'
SPX turning down
Interesting market these days. I couldn’t believe what I saw. Using common sense everybody could see that this rally is not sustainable, yet the market was rallying. Maybe it is due to a fact, that vast majority of mutual fund managers are under-invested, they missed this rally and they are terribly under-performing. Scared they may Continue reading →
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 →
PG trade adjustment, SPY & POT puts new trade
I am trying to trade longer term options trades. One of the trade I opened recently was long (April 2012) puts on Procter & Gamble (PG). Now I want to be opening short term trades against this trade to produce income. Same thing I am doing with my SLV long term holding and the same Continue reading →
Consolidating market in Rally atempt
Today the market jumped up forming a triangle consolidation pattern after nice rally. We bounced off of the lows in October and had very wild and extended rally. Although I didn’t believe in this rally due to fundamental underlying data, this consolidation may change everything and we are truly forming a new bull trend. Every Continue reading →
Italian 10-year bonds reached all year record highs today
The Italian bond rates reached all year new highs since Italy joined Eurozone. Today, it raised to 6.67% and that creates a tremendous pressure to Italian budget to pay their loans. ECB intervention couldn’t help this skyrocketing move. Due to investors’ worries about Italian debt the new rate reached almost 7% and as Reuters says Continue reading →
Market jumps 2% on European phrases and proclamations
I wonder if anybody read what was the outcome of the overnight EU summit. As many experts expected, the EU leaders came out with empty phrases and proclamations and no details. The report of the meeting is just three pages long. Generally, EU talked banks and lenders into writing off 50% of the Greek debt, Continue reading →
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