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Monthly Archives: January 2012
Next week: long term bullish with a possible pullback
Schaeffersresearch.com: “Potential short-term resistance for the SPX is at 1,320, the site of the pre-Lehman Brothers high in 2008, and 1,345-1,350, which was the site of resistance in 2011. Short-term support is in the 1,285-1,290 area, site of a late-October … Continue reading
Posted in Market Condition
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Market condition: bullish with a possible near term pullback.
ChartAdvisor.comt: The bottom line is that the markets are still truly at a crossroads. There has been some very positive price action as many indexes have cleared some significant resistance levels and intraday price action this week was positive. Buyers have … Continue reading
Posted in Market Condition
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What is Covered Call?
Definition of ‘Covered Call’ An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset in an attempt to generate increased income from the asset. This is often employed when … Continue reading
Protected: The Characteristics of stock markets
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Posted in How to Make Money in Both Bull and Bear Markets Using Modified Covered Call
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The Weekly Report For January 9th-13th
Find Investopedia on The Weekly Report For January 9th-13th Commentary: The stock market kicked off 2012 with a gap higher, extending the rally that occurred in late December. While the markets gapped higher on Tuesday as traders returned from the holidays, … Continue reading
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