Tag: DIA

  • OPNewsletter Returns +6.2% in Sept’08

    In what could be summarized as tumultuous month for the US markets, full of volatility and extreme intradays moves and strong reversals, OPNewsletter Sept portfolios returned +6.2% including commissions. This beats my revised target of 5% including comissions (vs earlier 5-7% x-comissions). This surely wasn’t an easy month for an income trader but a portfolio approach and diversification helped me achieve…

  • Put Diagonal Spread- An Income Startegy to Play Downward Move

    The Dow has still been unable to regain the important resistance of 11,750 (few points here and there). It danced around that level for a while before falling like a hard rock. In this post, while I shall be sharing about Put Diagonal Bearish startegy, I shall also briefly touch upon current market state. Dow is…

  • Fasten Your Seatbelts, Again

    Dow dropped below its 200wk moving average, one of the indicator that I look, at times, for determining long term trends to develop a macro picture. This is not a good sign and it has never dipped below that since 2004. We’ll see how S&P500, Nasdaq and other major indices do. We still nearly 4…