EOT Update
EOT Position Update – May 28, 2008
May 28, 2008 Market Snapshot Today the Dow Jones Industrial Average closed at 12,594. It’s hard to believe that just 7 trading days ago we were above 13,000. It looks like the Dow has formed a short term consolidation pattern. It’ll be interesting to see which way it breaks. This week the news has been […]
EOT Position Update – May 21, 2008
May 21, 2008 Market Snapshot Once again, we rallied above the 13,000 level only to get slapped back down. Today the Dow Jones Industrial Average closed at 12,601. In the last two days we’ve given up more than 400 points. This week, all of the market chatter has been on crude oil prices crossing into […]
EOT Position Update – May 14, 2008
May 14, 2008 Market Snapshot The Dow Jones Industrial Average closed at 12,898. This gave us a nice gain over the last 5 trading days. Today, smaller than anticipated increases in CPI numbers pushed the markets higher and caused the US Dollar to lose some ground. Recently news of a massive earthquake in China has […]
EOT Position Update – May 7, 2008
May 7, 2008 Market Snapshot Today the Dow Jones Industrial Average closed at 12,814. This week we reached for the 200 day moving average, but it only served as a brick wall to any rally. It seemed like as soon as we crossed into the 13,000 territory we quickly got pushed back down. I’m still […]
EOT Position Update – April 30, 2008
April 30, 2008 Market Snapshot Today the Dow Jones Industrial Average closed at 12,820. For the first time since early January we actually traded above the 13,000 level. But the nearly 200 point rally couldn’t hold on, we ended up closing down 11 points today. Today’s big news was centered around the Fed rate cut. […]
EOT Position Update – April 23, 2008
April 23, 2008 Market Snapshot Today the Dow Jones Industrial Average closed at 12763. We witnessed yet another 200+ point move in the index, this time on Friday. Despite the rally, we’re still trading well below the 200 day moving average. Oil was the hot news over the last week. Prices crossed above 119 a […]
EOT Position Update – April 16, 2008
April 16, 2008 Market Snapshot The Dow Jones Industrial Average closed at 12619, but we took the long way getting here. On Friday the markets gave up well over 200 points. Then today we witnessed a 250+ point move up. All of these gyrations are making my head spin. Market talk this week has been […]
EOT Position Update – April 9, 2008
April 9, 2008 Market Snapshot The Dow Jones Industrial Average closed at 12527. After last week’s amazing gains, the Dow slipped four days in a row. This week the news has been dominated by news of the Microsoft takeover of Yahoo. The “friendly” overture by MSFT is quickly spiraling into a knock down drag out […]
EOT Position Update – April 2, 2008
April 2, 2008 Market Snapshot The Dow Jones Industrial Average closed at 12605 today. It had closed down late last week then rallied on Monday and Tuesday. Tuesday was amazing to watch. The Dow rocketed higher by almost 400 points. The first quarter is finally over. The volatility over the last few months have been […]
EOT Position Update – March 26, 2008
March 26, 2008 Market Snapshot We’re now a few weeks into our first option trades. The markets have been quite volatile. The Fed intervention and the collapse of Bear Stearns have been causing the markets to gyrate. Hundred plus point rallies and falls in the major market indices are commonplace. We’re getting close to the […]
