Wow. So not a good day. I stopped out of FWLT for a loss. While I think it is a great company still, it seems to want to follow along with the other energy names that are getting terribly punished. However, now my exposure is small and I have raised cash in the meantime. I…

Ok nevermind! I thought yesterday might have been the day – the day where a bottom gets put in and we make it rich! Guess all good things take time, or good timing – in the markets’ case ;). Regardless of puns, no investment strategy should be predicated on timing. The Dow is down over…

Stocks were oversold today and bounced. Call it Greece, PIGS, (Portugal Italy Greece Spain) whatever you want, but actually the S&P (UPRO) seems to just be bouncing off the 200 day moving average, proving once again that we are dominated by high frequency traders and prop trading!(Just a theory) The S&P osciillators were extremely oversold…

 UPRO (S&P) 1 year  UPRO (S&P) 3 months   Good first week for the portfolio. Markets were down but overall, we managed to eek out some gains by trading SPY calls consolidating along the 200 (black line). Furthermore, we were prudent in adding to Terex (TEX), and nibbling away at UPRO, even in the face…

Stocks are churning along the 200 today. This comes as no surprise considering the move down that we have had. I added 26 shares to UPRO yesterday at $70.00 per share. No further actions will be taken today unless the 200 is broken – where stops are in place.

The market roared back to even from being down 185 points today. Fortunately, the call proved useful buying on the 200 day m.average. Look at how the 1 day chart of the S&P formed a cup and handle pattern (see “education / chart patterns”). Expect the market to continue following through on technical support. China is…

I wasn’t going to buy until the end of the day but now with the Dow down 180 points and at key support, I am going to step in and buy some call options here. You could buy the stocks themselves but I don’t feel comfortable with risking my hard earned cash just yet. With…

Thank God I bought such a small amount in the BAC calls yesterday. From the negative breadth action early on in the prior day’s trading, one could easily assume how today would turn out. It is May 23, 2012 but it is starting to feel like May 23, 2011 all over again with the Dow…

What good is this blog site if all I do is write? Still keeping the powder dry by only buying $100 worth of BAC calls. Getting my feet wet a little. If it drops below 7$, I will look to initiate a long-term position. The calls were so cheap I couldn’t resist and I was…