Open Table (OPEN) Option Trade

After announcing earnings last night, as well as the departure of their current CEO/President, the stock is getting punished today…currently down about 14% on the day.  The stock rose almost 400% from the beginning of 2010 to just last week and sports a current P/E of 155. As such the stock certainly was and still […]

Silver (SLV) Coming Into Support Zone

Silver's real parabolic move started at the end of January.  Looking at the below chart I note that the area between $37 and $38 serves as a) the 50% retracement from the low to the high of this move and b) where the 50 day simple moving average comes in.  Both of those items often […]

Where Could The S&P 500 Bounce?

The obvious levels for support or at least a good bounce on the SPX are $1344 ish and $1340 ish. See the two red lines that previously served as resistance and got broken to the upside in late April. In a worst case scenario we would go as far as saying that as long as […]

Gilead Sciences, A Technical Look At A Biotechnology Stock

Gilead Sciences (GILD) has come on my radar now from two sources that find the stock fundamentally sound and management great.  After looking at this myself a little deeper I am ready for some technical analysis on it.  I'm usually careful with pharmaceuticals and biotechnology stocks simply due to the FDA approval/non-approval risk but if […]

Why A Trading Plan Is Essential For Trading Success

  Without a clear trading plan no one can make money consistently.  A trading plan allows the trader to execute his/her trades in a consistent manner and without letting emotions get in the way.  Clear entry points, stop-loss and profit targets are predefined by in the trading plan, allowing the trader to focus on execution […]

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