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 →
Making 45% Annually Trading Options Against Dividend Growth Stocks
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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 →
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 →
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 →
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 →
Stocks plunge on Italian worries – it’s happening
Here we go. What economists were saying all the time and the markets were successfully ignoring has happened this morning. As I wrote in my previous posts, the Italian bonds raised at 7.4% rate which is not sustainable for Italian economy to pay (Italy’s budget can afford paying a rate around 4.6% only). Italy at Continue reading →
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