I bought some XLF puts around the 11 am hour. There were no buyers to be seen after the initial burst around 10 am.
I also noticed that APPY received a downgrade from Oppenheimer today that I need to research. Talk about confusing. Oppenheimer is the underwriter and holds warrants with APPY. It is like shooting yourself in the foot. I guess that is what the Chinese Wall is for.
One trader's view on the stocks he follows and his economic perspective
About Me
- sneakdoggiedog
- I am an amateur investor that has been actively investing and trading in equities since 1994, trying to hold my own against my dad and some extended family members that are in the brokerage business. I am an engineer by training but have a passion for economics and history. I want to thank my lovely wife and two boys for allowing me the time for my "hobby".
Stocks I Own
- AAPL
- ANSS
- APPY
- ATI
- BOLT
- EGY
- GRMN
- ROCM
Options I Own
- APV FO
- ATI JM
- GQR JG
My Philosophy toward Owning Equities
I spend a lot of time researching a stock that I can easily understand. I am an engineer and have a fair amount of understanding of the technology, aerospace, materials, metals, and consumer and retail sectors.
I also attempt to use Technical Analysis to look for good entry and exit points for the stocks I follow. I would rather trade a stock where I understand the price action than take a tip on a momentum stock from someone who doesn't do the necessary research. That is my story and I am sticking with it.
I welcome your comments and hope you enjoy!
I also attempt to use Technical Analysis to look for good entry and exit points for the stocks I follow. I would rather trade a stock where I understand the price action than take a tip on a momentum stock from someone who doesn't do the necessary research. That is my story and I am sticking with it.
I welcome your comments and hope you enjoy!
Market Sentiment
Market in Confirmed Rally
Sentiment Detail
4/20/08 (revised once a week)
The market (DJI) broke out of it's three month trading range to the upside on Friday. The Industrials have not closed higher since February 1st and the Transports have broken above all-time highs. This is something you like to see as indicators for a market going much higher. I expect the S&P and the COMPQ to also break above their ranges in the short term as well.
The market is not yet overbought, but a few days of backing and filling is warranted at this point. I intend to buy the dips and sell some into strength this week
The market (DJI) broke out of it's three month trading range to the upside on Friday. The Industrials have not closed higher since February 1st and the Transports have broken above all-time highs. This is something you like to see as indicators for a market going much higher. I expect the S&P and the COMPQ to also break above their ranges in the short term as well.
The market is not yet overbought, but a few days of backing and filling is warranted at this point. I intend to buy the dips and sell some into strength this week
Blog Archive
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2008
(111)
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March
(23)
- Ansys Correction
- Ansys Buys Ansoft
- Calling Out the Other Team
- Buying the Dip
- Island Paradise or Island Reversal?
- Back and Fill Day
- Skimming the Fat
- How Does This End?
- Taking a Big Swing and Missing
- GS Recovers
- Pride Comes Before the Fall
- What a Week!
- A Lot Going On
- This Jet Takes a While to Take Off
- Took Profits and Went Short
- Full Contact Sport
- Buying Puts
- In Cash
- Time to Run for the Cave
- The VIX Wedge
- Getting off the Mat
- Need a Little Protection
- A Perfect Storm
-
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March
(23)
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Disclaimer
This diary is a collection of my personal market analysis and commentary of economic affairs. No recommendations to buy or sell any securities are implied, and readers are admonished to do their own homework. I am an amateur investor and, if you are unsure about investing, I suggest that you seek professional financial advice.
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