I am going on record and buying a bunch of X puts. I think todays run up to $173 is it for a while. I have been having bad luck on the downside of some stocks (VISA) so i wont be surprised if this bites me in the rear. I will post some charts later in the week that have been going well for me.

I am taking a short position in V at $77.00. My stop is right above the high of the day.

As we all know, oil has been on a monster run. Looking at this chart, I see a great opportunity to make money on a short position once this stock reaches $100. According to the chart, if this stock reaches $100, we should see a correction worth a few points or so. I really hope it gets to $100 because I am going to buy alot of puts and try to cash in. So call me crazy, but this stock is about to be shorted!

This chart looks fairly decent. After almost a year we are testing a new high. The chart is telling me that we are going higher. We may retrace down to $80 before heading back up. I am taking a small position now and reloading if we get to $80

I was contemplating it all day. To take options in Goog or not prior to earnings. I ended up playing the safe side and taking no risk at all. I am kicking myself now. If you were on margin with $5,000, you would have $10,000 in buying power. If you would have thrown it all into Goog April 500 call options it would have turned into almost half a million!

These plays happen a few times a year. The last time I actually did get into it but sold early and missed out on several tens of thousands of dollars. It was the day where bidu gapped up and fell about 60pts. I had bought 15 puts when the stock gapped up and sold way to early. I will never forget that day.

If anyone has been very efficient with buying or selling calls or puts leave some comments because Im always looking for new strategy’s.

Today was a good day in the market. As you can see from the chart, we finally broke a 4 month resistance. We have been having higher lows as well. This is a great thing today and hopefully we will continue the move up. Congrats to all who got into MELI.  Up about 7pts from the post.

I think this chart looks gorgeous. The one thing that i dont like is that it closed around its resistance the past few days. The macd is looking great and the RSI. There is an obvious uptrend as well. I think this chart looks great. I have taken a position in it on Friday and looking to add more.

Resistance seems to be holding strong as pointed out in the chart I posted last week. There is a small trend line forming from March that may help us time the market a little better. It would be nice to see the trend line hold and the resistance to be broken.

You know what the saying is. Dont fight the trend and the trend for MOS is up.  This chart looks great and a sale at $100 is always possible in the near future. It is not overbought. The only thing to look out for is the MACD looks bearish. It went up $10.00 today so lets just keep this on our radar for a while.

If you have not done your taxes yet because your afraid its going to take hours or days to go though all of your stocks then your in luck. I recently just used TradeLog to do my taxes and it saved alot of time. I use scottrade and Interactive brokers. The only downfall was that if you trade options on scottrade, you have to manually enter some of them in. Other then that, this program rocks!

Bottom or no bottom, that is the question. As you well now I have not been making post that often because I did not have a good take on this market.  I think the bottom may have been seen  but we have alot of resistance at the 12750 level. If we cant break it then I see more sideways trading for another few months. The dow is up over 200pts today and I believe the next down day should be taken as an opportunity to take some positions in stocks.

Last week I posted this chart and boy did it go down hard. It is now at a key support level (not resistance).  This is a great place to pick up shares with a pretty snug stop loss. I stated last week that this stock may see $35 before it goes back up and the moment of truth awaits us.

I know that I have posted this stock a few times. But I think this is a great play at the price. The stock is massively shorted right now at 25% of its float. If there next earnings are as stellar as there previous one then this stock is going to fly.(hopefully)  I see $35 as a bottom that may get retested again before $50 is taken out. Well with Blu-Ray becoming the next great thing, I want to buy more with a  sale like this.

I wanted to post this chart a few weeks back when the VIX spiked to 37.50. I was going to state that the bottom was probably hit for the overall market. Well I would have been right so far. The panic and fear finally kicked in that day. Too bad the site was not working because catching that bottom could have provided huge profits.

Wow, every stock that I held has crashed including the Bull Trader  site for a while. Well I am still in DRYS and in the next 6months I foresee a run up in price followed by the long awaited split. I am very bullish along with solar. The DRYS stock chart looks bullish all over and congrats to all who got in at a steal with a  price at $50 a share.

PBR has been on fire lately. I was a buyer on Friday and and will buy some more once the trendline gets hit. I like this stock and so do alot of other people.

UPDATE : SIGM……Closed above $50. I am still in this stock holding a loss but will double down at this level on Monday if opportunity presents itself.

Tax season is here, and could not be worse. I have traded over 1000 times this year and was told that I have to hand write each trade on the schedule D. Then someone told me about Tradelog. I use scottrade and Interactive brokers. If anyone out there has ever used tradelog for these brokers please leave a comment. Will it do everything I need with a few clicks here and there? If anyone has any other suggestions please leave them. Im sure other people will be interested as well.

Once again I must repeat stock charts.  On March 29, 2007 I posted this chart when it was trading at $27. It then ran up to $70. Well the stock pulled back and I bought more at this level. I will keep an eye on it if it decides to break the $50 level. Im hoping a retest of old highs in the up comming year.

Picked up a few hundred shares of N at 35.00

Keeping a tight stop loss at todays low of 34.34

(update - sold all my position at average price of 37.84

Chart looks great. I love gap ups as everyone knows. I really really really believe that this stock will be trading above 65 in the next 30 days. If not, then it should come down to 55 where I will back up the truck like Cramer would say. Lets keep an eye on it.

Has anyone seen RICK???? Geez, charted it at 10