NYX Short-Term Loss

Today I liquidated half of my position in NYX so that I could take a short-term loss to help off-set my overall short-term gains this year. I had 109 days before my first lot of NYX became a long position and my cost was at $80.70. My other lot has 144 days before it becomes [...]

Four Trading Lessons From Bear Stearns

I am always looking for trading lessons after something happens where I should have seen it coming. I don’t think it is productive to say, “Why didn’t I do that?” However, I do like to look at the lessons that have been taught and try to remember them so the next time they happen, I will [...]

Edward Jones Month End

I just found out that the Edward Jones month end is on the last Tuesday of the month. Since the brokers that work there get paid based on commissions for the entire month, I believe this may be a key thing to look at when looking at the market. Cramer is constantly harping on an [...]

VIX and BKX Update

Last week was a shortened trading week because Good Friday the market was closed. This means that the benchmarks that I was following in the VIX and BKX had to make their big swings in just 4 days. Let’s see how they ended for the week of March 17, 2008. 
VIX weekly difference in high and low: 10.44
BKX weekly [...]

First in Flight State

I am now in the east-most state on my travels — North Carolina. I have to say that Tennessee was great (except for Memphis). Nashville was great. Gatlinburg was great. On my way to Greensboro, I stopped in Ashville. Everyone said I had to check out the Biltmore mansion. I took the exit and drove [...]