Thursday, December 31, 2009

12/31 Morningline

The markets open on the last trading day of the year, with no new signals.

SBUX, one of my holdings, opened comatose at the upper end of yesterday's trading range following a bear signal at Wednesday's market close.

Indicators:
  • Blue chips (SPY) open at 112.77, entered bear mode at close on Dec. 8 (at 109.61)
  • Fear index (VIX) 19.96, bear (bullish for stocks), Dec. 22 (20.49)
  • Treasury long bonds (TLT) 89.76, bear, Dec. 21 (91.14)
  • Gold (GLD) 107.98, bear, Dec. 17 (108.00)
  • Oil (USO) 39.39, bull, Dec. 16, (36.74)
Currency pairs:
  • Dollars per euro (EUR/USD) 1.4337, bear, Dec. 4 (1.49)
  • Yen per dollar (USD/JPY) 92.41, bull, Dec. 15 (89.60)

Holdings, January expiry, no new signals:
  • KO, iron condor (p50/-p52.5/-c57.5/c60) 57.58, bear, Dec. 29 (57.74)
  • LVS, covered call (-c16) 15.08, bear, Dec. 18 (15.29)
  • SBUX, bull put spread (p22.5/-p24) 23.34, bear, Dec. 30 (23.31)
  • SMH, bull put spread (p27.5/-p29) 28.20, bull, Dec. 21 (27.62)

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