Monthly Archives: March 2011

An Important Juncture for Bank of America (BAC) Stock Price

Posted on March 23, 2011 by devtrade

Back in December 2010, we initiated a buy when BAC crossed above its 50-day moving average (which was resistance for BAC shares for a long time). BAC did run up ~ 25% from the breakout price of 12.xx. Recently, the … Continue reading →

Posted in Individual Stock Chartology | Leave a comment

Wholehearted Support for Whole Foods Market Inc. (WFMI)

Posted on March 16, 2011 by devtrade

Whole Foods Market Inc. (WFMI) is one of our most profitable positions here on optionsmojo. We initiated our long position on November 30, 2010 when WFMI was trading at 47 and change (please check: http://optionsmojo.com/2010/11/volatility-squeeze-in-whole-foods-market-inc-wfmi/). Since then, we have seen great … Continue reading →

Posted in Individual Stock Chartology | 1 Comment

Well-Defined Entry/Reference Point for Long-Only Traders/Investors

Posted on March 15, 2011 by devtrade

Let me start by expressing my deep sympathy for the affected people in Japan. We should all stand by them and extend our supportive hands at this hour of misery. On the market front, the intra-day low of SPX was … Continue reading →

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Revisiting Our Bearish Trade on the Market

Posted on March 10, 2011 by devtrade

Chart of SPY (SPDR S&P 500 ETF, generally corresponds to the price and yield performance of the S&P 500 Index): Chart of the VIX (CBOE SPX Volatility Index): On Feb 28, 2011, when the SPY was trading at 132.64 and … Continue reading →

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