Trading Options Conservatively
Time for you peons to learn a little bit about how to become a man and trade options. Notice while I do think trading options mean becoming a man, that doesn’t mean that it should be done in a macho through all caution to the wind type of way. You are not trading [...]

Let’s give something for all y’all out there to discuss…as I’m sure this one will be met with a “positive” response.
I took the title from the latest Glenn Beck hitpiece on JakeGint’s “favourite” [sic] program…I thought it was hilarious (the line, that is; I found the segment overall a little lacking).  I tried to embed, [...]

I am putting on a bear call credit spread in RIMM.  I bought the Aug. 80 call for for $1.61 and sold the Aug. 70 call for $8.30.
My risk to reward is good. Also RIMM is not making new highs with the rest of the market.
If you are gonna get short, keep it controlled like [...]

The simple system I used to trade the futures last Wednesday for 14pts…a really nice day for me. Scroll for annotated charts

I am sick of hearing about the fundi’s in this market.  So here is a chart of WFC with two possible trades from a purely technical review.  Click chart to see comments.

SPY is well above it’s steep uptrend, filled it’s morning gap and touched a new high before the end of the day.

ERX is much closer to it’s milder uptrend, barely filled it’s morning gap and did not make a new high.

For all of you who are fading the market, you may want to be fading [...]

Garmin chart looks niiice. Don’t forget the dividend
<script src=”http://charts.wikinvest.com/wikinvest/wikichart/javascript/scripts.php” type=”text/javascript”></script><div id=”wikichartContainer_88268B7F-93D2-31F5-1CC0-63F6BE52D504″><div style=”width: 390px; text-align: center; vertical-align: center; margin-top: 22px;”><a href=”http://get.adobe.com/flashplayer/”><img src=”http://cdn.wikinvest.com/wikinvest/images/adobe_flash_logo.gif” alt=”Flash” style=”border-width: 0px;”/><br/>Flash Player 9 or higher is required to view the chart<br/><strong>Click here to download Flash Player now</strong></a></div></div><script type=”text/javascript”>if (typeof(embedWikichart) != “undefined”) {embedWikichart(”http://charts.wikinvest.com/WikiChartMini.swf”,”wikichartContainer_88268B7F-93D2-31F5-1CC0-63F6BE52D504″,”390″,”245″,{”ticker”:”GRMN”,”startDate”:”01-10-2008″,”endDate”:”01-04-2009″,”showAnnotations”:”true”,”liveQuote”:”true”});}</script><div style=”font-size:9px;text-align:right;width:390px;font-family:Verdana”><a href=”http://www.wikinvest.com/chart/GRMN” style=”text-decoration:underline; color:#0000ee;”>View the full GRMN chart</a> at <a [...]

The SHORTS win, blah, blah, … we’re done going down, … for 2008. 
   good jobs BEARS.  it’s over.
CITI    from $55 to $3.05 
GM     from  $40 to $1.70 
FORD   $15 to $1.01 
GOLDMAN SACHS   $235 to $47.14 
APPLE   $200 to $79.14 
GOOGLE    $725 to $247.30
MICROSOFT    $35 to $17.50 
Be American.  … BUY SOMETHING!!!    
The [...]

Here’s my take on the action going forward…
The oil trend is broken for the next few weeks. Sure, we may bounce for a day or two here on storm fears, but I don’t think storm jitters will do much to alter the technical damage and institutional outflow we’re seeing right now.
The USO is below its [...]

I’m not shorting oil directly but I have been playing the airlines for trades such as – AMR which has worked well – and now I am looking at a TA trade with TSO
I bought some today at 23.45 and will use the 52 week low as the stop out at 21.70
If oil does crack [...]