July 28, 2017

Archives for September 2010

Trade Placed – Subscribers Check Emails/Twitter

I placed a trade this morning, so all of my loyal subscribers should check your emails for the real-time trade alert or tweet with the details of the trade. Please let me know if you have any questions. Kindest, Andy … [Read more...]

Inching Ever Closer to Closing the 8/11 Gap. However, Overhead Resistance Remains a Difficult Obstacle to Overcome.

It has been a few weeks since my last trade. As I have stated since then, there just has not been a high-probability opportunity available to trade among the 30 or so ETFs that I follow. If SPY could close the 8/11 gap I would feel comfortable taking a short position, but I would also have to see the major market benchmark move into a short-term overbought state and a few other of my indicators follow suit as well. As I always say, trading effectively requires patience. Remember, this is a marathon and not sprint. As you can see from my track record, since I first started My Options Portfolio I take advantage of high-probability, mean-reversion opportunities as they occur. Sometimes they come in droves, other times lulls occur, so I … [Read more...]

Where Now?

The market moved lower today and all of the major benchmarks came close to filling the gap from Friday (9/3). IWM has actually closed the 8/11 gap and the 9/3 gap with only the 9/1 gap left to fill. The other three major benchmarks (SPY, DIA and QQQQ) have yet to fill any of the three so it should be interesting to see what happens over the next week or so. My guess is that we will see the three aforementioned indices close the 9/3 gap and then proceed to move higher t close the 8/11 gap before a true tumble occurs and the indices close the 9/1 gap. Of course, I could be wrong, but that is my educated guess at the moment. Serge from ETF Corner has a chart that is in line with my thoughts for the market over the short-term. … [Read more...]

Subscribers – Weekly Report Issue #2 Is Out. Potential Trade in the Making?

I just wanted to let all of my loyal subscribers that Issue #2 of my Weekly Report is out. Please read and let me know if you have any questions/comments/feedback. Kindest, Andy … [Read more...]

August Ends – My Options Portfolio Continues to Push Higher – Patience Pays

August was another good month for My Options Portfolio. The portfolio gained 15.6% for the month and is now up 74.2%, or $20,392.50 since its inception back in early May 2010. You can see all the trades directly from my ThinkorSwim account on the  Options Portfolio page of the website. If you look at the trades you will notice that I had a total of 9 trades in the month of August, three of which were closing trades from late July. Of the 9, only one, was an outright loser and one was break-even, but with commissions the latter trade was indeed was a loser. The loss was -64.3%, but as you can see my position-size was calculated (roughly 6%), so the loss was minimal to My Options Portfolio as I went on to gain over 15% for the month. In … [Read more...]