A few days SPY was bouncing on the $112.5-ish level. When looking at $VIX which is at the very elevated levels and considering today’s price action at the very end of the trading day (see the volume and price on any daily chart) I would assume the market was showing some exhaustion on selling. Therefore Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Trade 07/21/2011
Well, I must admit that I was probably wrong in judging the market direction. I didn’t expect today’s move I rather saw the market bouncing around the same level or slipping down. However Greece issue (not sure how efficient the bailout will be) along with good earnings helped to move the market back up. That Continue reading →
Trade 07/20/2011
Today, based on the market’s movement, I am even more convinced that this market is poised for decline. It may not happen, however, but at this point I think it will. It still may be bouncing a bit at the resistance level, or even go up a bit, but that will provide better position to Continue reading →
Trade 07/19/2011
I expected the earnings season and mainly this week (this week is very important to determine if the market gets a new impulse to reverse and continue upwards or further deteriorate) will bounce the market up. It happened and the market (SPY) rallied today and closed at 132.73 (which is at the intermediate resistance level). Continue reading →
Trade 07/15/2011
Today I have bought 1 August 17 SPY put 131 strike contract expecting the market to decline further down since it broke through 50 day SMA on high volume. I am expecting the market to go further down to the second resistance at 130 points. The market is in sideways overall, but potentially creating a Continue reading →
ATU sold
I decided to sell Actuant (ATU) shares. Not that I wouldn’t believe in this stock anymore as I wrote in my previous posts, but I have a different interest right now and I need to release money. I still believe this stock is good and it will grow more. Maybe right now it is a Continue reading →
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Actuant (ATU) a stock with blow-out earnings potential
Actuant Corporation is recently going zigzag in short term and side way in somewhat middle term (December 2010 until today). Many times I was thinking to get rid of that stock since it no longer shows momentum to me, no growth, so why lock my money in it. But then I try to remind myself Continue reading →
Watchlist
Here is an updated Watchlist of stocks I am interested in and their valuations. Along with my cash management and rules, I will be investing in these shares if they show to be undervalued and the market is in Fair or Oversold territory. I may also use options to buy shares at discount to get Continue reading →
My Investment holdings
Due to lack of time updating my holdings manually I decided to use spreadsheet and show my holdings updated automatically. I’ll be working on this spreadsheet further to provide more information. You will be able to find my holdings in a new page as well. This page has been discontinued. Please refer to My holdings Continue reading →
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