Author Archives: devtrade

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 →

Posted in Broader Market Analysis | Leave a comment

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 →

Posted in Broader Market Analysis | Leave a comment

Bearish Put Spread on SPY (or Call Spread on VIX)

Posted on February 28, 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): If you have been following the recommendations of optionsmojo.com, you have already … Continue reading →

Posted in Broader Market Analysis | Leave a comment

Putting Today’s 4% Correction in JPM into Perspective

Posted on February 22, 2011 by devtrade

On Feb 11, 2011 JPM broke out of its volatility squeeze and traded up to the 48-range. Today, after ~ 4% correction (along with the broader market due to unrest in Libya), JPM is trading close to the 46-level, the … Continue reading →

Posted in Individual Stock Chartology | 2 Comments

Be with DE

Posted on February 2, 2011 by devtrade

In order to satisfy rising global food demand, the farming industry relies on companies such as Deere & Company (DE). The stock is at a decent buy point and has the potential to test the 100-level. We like the March … Continue reading →

Posted in Individual Stock Chartology | 2 Comments

Time to buy BAC Again?

Posted on January 31, 2011 by devtrade

We originally initiated our position in BAC on Dec 09, 2010 when it broke out of the 50-day moving average (after a long downtrend). We were right! The stock then ran up more than 25% up to its earnings release. … Continue reading →

Posted in Individual Stock Chartology | 1 Comment

AMZN Calendar to take Advantage of Elevated Implied Volatility

Posted on January 27, 2011 by devtrade

Amazon (AMZN) will report earnings today after the market close. The Jan options expire tomorrow and has tremendously high implied volatility (IV). If you are bullish on AMZN shares, but want to put on a trade that would take advantage … Continue reading →

Posted in Individual Stock Chartology | 2 Comments

Hail HAL

Posted on January 27, 2011 by devtrade

Halliburton (NYSE:HAL) reported better than expected earnings this week and received a number of analysts’ upgrades.  Technically, the stock broke out of a volatility squeeze yesterday on heavy volume. We think the stock has further upside from here. Noting that the … Continue reading →

Posted in Individual Stock Chartology | 5 Comments

Is Morgan Stanley (MS) Back in Action?

Posted on January 21, 2011 by devtrade

Morgan Stanley reported better than expected earnings yesterday and after testing a low of 27.59, rallied all day to above 29. The technical setup looks bullish and it is already up 2.5% this morning. Although it is a little hard … Continue reading →

Posted in Individual Stock Chartology | Leave a comment

Managing two of our winners (BAC and GE) as we head into earnings (tomorrow morning)

Posted on January 20, 2011 by devtrade

Hello Everybody, First of all… wish you all a Happy New Year! I had to go through a surgery (at the beginning of the new year) on my hand to fix lacerated index finger extensor tendon. Hence I could not … Continue reading →

Posted in Individual Stock Chartology | Leave a comment