This was yesterday. We have Titan Machinery on our strong buy list. It is showing a double bottom on huge volume, despite it being under the moving averages. Below is today. We got a gap up above the 50 day moving average (red line above, green line below). I missed the move but you…

I was looking for more capitulation in the market before we enacted phase 2 of the plan, but I guess we cannot complain since we are up over 200 points in the Dow. The S&P gapped above the 200 day moving average today, a bullish sign, and now we have to see if this level…

Plan is still intact. Improved my cost position in TEX. Bought a put, then sold the put- dumb move! Since we are on the fence, it was very difficult for me to tell which direction we would go as we danced with the 200, so my posture kept changing. Fancy words for an excuse though….

Market is down 60-70 points, not terrible considering the break of the 200 on heavy volume. However, I am getting nervous about this market. I purchased more puts on the SPY. I am then going to sell a put on SSO (2x S&P etf) at 45. Right now those puts are going for 3.50 (x100…

Stopped out of all stocks except upro, tex, and fwlt. Took some losses and a beat down in the portfolio. However, I raised cash- now in 60%. Bought more puts on the SPY since we gapped below the 200 this morning- on bad jobs numbers, a new catalyst. Spain does look scary I have to admit, with 11% unemployment and youth unemployment…

The S&P just hammered on the 200. With my married put in place for insurance on the portfolio, I am protected but timed it poorly. I should have noticed the technicals today but I am trying a new approach, a more old schooled approach with a buy and hold strategy instead of trading charts. However,…

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…