Archive for March, 2009

• Put Sale in HRS
  stevenplace, March 31st, 2009 at 1:20 pm, Comments: 0

  The tape I’ve been seeing is great for daytrading– a whole lot of chop going around as the market is racked with indecision on what surprise will come next: either from economic data or government action. So instead of sitting there with sweaty palms watching your P/L oscillate small percentages, take a break and check [...]

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  First Full Review of Options Bootcamp
  stevenplace, March 30th, 2009 at 8:55 am, Comments: 0

  If you haven’t yet heard, I released Options Bootcamp, a video primer into the nature of stock options. I’ve had a couple customers give me a lot of great feedback either through twitter or email, but this is the first “all out review” that I’ve received for OBC. It’s from UrbaneGorilla, one of the early [...]

• Should Be Interesting (SPY)
  stevenplace, March 30th, 2009 at 8:41 am, Comments: 0

  At a major level of support and resistance. Remember that bounce (see green circle) had some government intervention in it. So we either bounce here or I’m looking for a gap fill around 76.5-ish; I’m positioned for the latter.

• 5 Good Trades for Week of March 30th
  stevenplace, March 30th, 2009 at 6:04 am, Comments: 0

  I’ve been off the blogging grid for a while (although quite active on stocktwits) as I’ve been working hard on Options Bootcamp– so to help to atone for my internet sins, I give you 5 OptionTrades for the Week.
  First up let’s have a look at WFC.
  Now since this is a financial we need to analyze [...]

• Happy Hour Tonight at 7
  stevenplace, March 25th, 2009 at 1:05 pm, Comments: 0

  Should be fun. 7PM Est on Ustream
  Click here to go to the ustream channel

• Some Quick TA on XLF
  stevenplace, March 16th, 2009 at 7:29 am, Comments: 0

  When looking at charts and price action, you don’t want to focus on the underlying sector fundamentals. The fundies can play a part later, but have no place in technical analysis. So the question you want to ask yourself is: are there chart patterns that will help increase my odds in a trade. So with [...]

• IWO Happy Hour Tonight!
  stevenplace, March 11th, 2009 at 1:43 pm, Comments: 0

  Been getting a good response with this, so I’ll be doing a live video session tonight drinking some red wine (malbec). Hope to see you there!
  IWO Happy Hour Wed 7PM Here

• My MOS Calendar Spread Idea
  stevenplace, March 9th, 2009 at 6:05 pm, Comments: 0

  Watch IWO Video: TA of USDJPY in Celebrity Videos | View More Free Videos Online at Veoh.com

• Quick GS Technical Analysis
  stevenplace, March 5th, 2009 at 2:34 pm, Comments: 0

  Came down to a support area, if it breaks it’s good for a short play. I’m currently long as the risk/reward is ideal for my tastes, but my exposure’s lower due to market weakness and it being a countertrend play.

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  BP Covered Call Trade
  stevenplace, March 3rd, 2009 at 9:37 am, Comments: 0

  Now I’m not saying that this is the bottom, but there comes a time in which you start to dip your toe in the water for longer-term plays. These are trades are stock-based and have positive theta in strong names that don’t suck.

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