Market updates
This past week the markets leaped in both directions and this time the volatility worked against us… The only good thing you can say about getting stopped out is that our losses were limited and now we’re on the sidelines safely back in cash. If we are going to bet with the opportunity of winning
- Published in Financial Market, Options
Trade update
This has been a tough week for the market. We traded at a new two-year low and financial stocks lead the decline. There weren’t many earnings or economic releases to cloud the price action and it was easy to spot panic selling. Friday, concerns over Freddie Mac and Fannie Mae are weighing on the market.
- Published in Financial Market
Trade updates
Here is my June option trading result. I started June with just $629.29 in my account as a test project just to show everyone what option investing can achieve. With the power of option, I get to capture downside/upside gains with very minimum risk. With the market free falling, I decided to long my put
- Published in Financial Market, Options
Financial Market Commentary
For days we’ve had the “calm before the storm” as traders waited for the Fed’s decision. On Wednesday a decent durable goods number and an unexpected build in oil inventories helped spark a short covering rally. The “dogs were barking” and stocks that had been hit hard were leading the charge–but it couldn’t last. Last
- Published in Financial Market
Dow sink more than 358 points
The stock market today tanked 358+ points or 3% to a new 52-week low. Moving in the other direction, crude prices hit a new intraday record high, crossing the $140 per barrel threshold right after the market have closed in the after market. Large-cap tech names were among the session’s worst performers as the Nasdaq
- Published in Financial Market
My trading update
Last week I have mentioned about weakness in the banking sector, as I have long a few put position on Wachovia stock hitting a 16 year low. Here is my result for just few days of trading. $1,167.45 risked to $2922.50 realized. 250% gain in just a short few days. Make sure you continue to
- Published in Financial Market
Wachovia Stock hits 16-year low
Amazon.com Widgets Friday the 13th came as a real black friday for the 4th largest national bank Wachovia (WB), as its stock price tanked to a 52-week low. Wachovia hit a 16 year low with more worries about rising credit losses continue to shock investors in to a panic to dump these stocks. The financial
- Published in Business Basics, Financial Market