Monthly Archives: March 2014

Personal Finance, MAR14: The Good, the Bad, and the Ugly

Good: Short S and P 500; long DOW. Bad: Failing to take profits in momentum stocks. Ugly: Unwinding weekly trades.

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Price Action: What it Means to ME

The ideologues of success faithfully believe that enlightened self-interest is the greatest virtue. I think Elvis Costello asked the right question, however, during the tenure of Maggie Thatcher: “What’s so funny about peace, love and understanding?” A quick run down … Continue reading

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The SDS Play

I’m long SDS, and I like it. I sell calls against the position to reduce the cost basis. The tactical idea is pretty simple.  One day, the S and P 500 will begin to sell off systematically or wildly. Who … Continue reading

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Listening to the News

Friday was fascinating, pure advertising. SPY daily, credit Effective Volume Another day on Wall Street when the S and P 500 reaches new highs. This message is broadcast to millions in their cars, driving their lonely roads to work and … Continue reading

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When your screen is green

When your screen is green, There’s no time for dreaming. There is work to do. It might be red, so blue, tomorrow. Take profits in short term trades. Manage all the spreads. Above all, Sell Something! Like, calls against the booming … Continue reading

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Cut Cost, Reduce Risk, and Increase Reward

A principle benefit of calendar spreads is that they are simpler. One short, near-term option to every long, longer-term option. If one opens the trade above the money in the calls and has a mildly bullish outlook on the underlying, one … Continue reading

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Markets and National Interests

I read the following in the Global Times this morning: Analysts believe that the PBC engineered a decline of the yuan from late February to early March, in order to shake off speculators who bet on the currency’s appreciation to … Continue reading

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