Archive for January, 2009

Vacation Notice

I’m going away for a couple of weeks to this place:

scbj

It’s very cold in Toronto. Needless to say after today’s accident in New York I’m worried about the flight tomorrow. I hope they defrost everything well and no birds come across our path.

To all my faithful and sporadic readers – be well! Talk to you soon.

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SPX (S&P 500 Index) Chart, January 12 Update

Click chart to enlarge, all comments and analysis are on the image today

spx_january12

If we weren’t in a bear market, I’d be looking to get long right about now.

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SPX (S&P 500 Index) Pivot Points for January 13

R1 $885.67
S1 $859.59
R2 $901.07
S2 $848.91

spx_january13_pivot_points

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Trade Update: Covered DGP

(DGP: 26.80 +0.71%)
Short @ $16.90, Jan 6
Covered @ $15.74, Jan 12

P&L: 6.53%

No doubt gold is going lower, but I’m clearing out as many positions as I can before Friday. Going on vacation.

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Music: Koop, “Island Blues”

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