Carlos Molina :: Swing Trading :: Trading stocks to make money in the market.

March 1st, 2010

Buying some QCOM

Opening a position in Qualcomm this afternoon. Once the stock hit $35.85, I pulled the trigger. This is a great company with a lot of potential but lately has been taken down due to their earnings. For a trade I expect the stock to bounce to the $40 level. Take a look at the charts.

Posted in Open&Close Positions
By Carlos Molina

0

February 16th, 2010

Buying Alcoa ( AA )

Today, I opened a position in Alcoa @$13.55. I like the company, like the chart. The earnings were good, but since then, the market has sold and sold the majority of stocks with good quarterly earnings (Intel, IBM, Alcoa, Cisco). Once the earnings season get over, we are going to see these stocks move higher.

Posted in Open&Close Positions
By Carlos Molina

0

February 16th, 2010

Buying GOOG Mar $540 Call

This morning after a rested long weekend, I decided it was time to pull the trigger once again on Google. March $540 CALL @$14.40
Why? I was expecting a strong day with volume as a confirmation.
Closing at the $534 level last Friday; that gave me an idea that the $540 level could be achievable. Result = It was great seen it in the screen.
Google closed today at $541.30 for the first time since Feb 3 (the big Wednesday, remember) when everyone thought the correction stage was over, unfortunately since then the market has been all over the place, and for GOOG the same; with extreme low volume and a bunch of DOJIs all over last week…there was no direction to follow. But since last Thursday things started to improve. The market didn’t care that much about the mess from Europe, neither the fact that CHINA is tightening their credit lending…that gave us a signal…TODAY was going to be the day. At least for a couple of weeks I am expecting some pretty good sentiment for the markets. For GOOG, I think the stock can move around the $545-555 level for the next couple of weeks, higher than that…I will update you guys…Cheers to everyone !

Posted in Open&Close Positions
By Carlos Molina

1

February 11th, 2010

Writing a Covered Call on U.S. Steel (X)

Also today, I went ahead and did some covered call on my U.S. Steel (X) position that I am holding since last week (Purchase Priced $47.20). I sold the FEB $48.00 CALL @$1.05 for a net credit of $105 per contract sold. All I need is for U.S. Steel to be under $48.00 to keep the premium. If you want to see some more details about why am I trading U.S. Steel (X), look at my little analysis done over the past week at Watching X Charts

Posted in Open&Close Positions
By Carlos Molina

0

February 11th, 2010

Bought GOOG option March $540

This morning, I went ahead and pull the trigger buying Google GOOG March $540 Call, at $12.50 this morning. I’ve been following the chart over the past week, and it looks like Google is stuck in a range between $522 and $542 over the past week. We’ll see if it can break above that level by Friday, and close our position.

Posted in Open&Close Positions
By Carlos Molina

0

February 4th, 2010