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Posted by btr Fri, 30 May 2003 19:45:59 GMT
The market went up again. Both NASDAQ and DOW are almost at their 52 week highs. Although it could move higher, there is nothing wrong taking profits here.Posted by btr Sat, 24 May 2003 14:28:34 GMT
Long MSFT calls: it held right at support level @24 and both BB and stochastic at extremes after a week of selling fuled by rumor of insider selling - it turned out that Steve Ballmer sold 39 million shares.Posted by btr Wed, 21 May 2003 00:57:52 GMT
HPQ earning should lead market higher tomorrow. HD jumped about 9% contrasted to LOW's 9% drop yesterday! Little changed on all indexes.Posted by btr Fri, 16 May 2003 20:50:46 GMT
DOW closed @ 8,678.97. It's still in the uptrend, but it seems stalled a little bit. Russel 2000 dropped to 414.69. NASDAQ closed @ 1,538.53. If it's not topped, it's close.Posted by btr Wed, 07 May 2003 00:44:45 GMT
DOW has passed 8500 and NASDAQ has passed 1500. We shall see how the market reacts on CSCO earning report (1c over estimate and flat guidence for Q4, traded lower AH).Posted by btr Fri, 02 May 2003 01:08:50 GMT
There was a big sell off this morning on LOWS. My put position finally turned positive. Out of fear that it might bounce back, half position was closed at small gain. Yet, looking at the daily chart, it's likely that it may test 50 SMA. It's still closed lower than the open. The greedy side of me decided to keep the rest of the position. In hindsight, keeping 1/3 position might be better idea or taking the profit by closing the position entirely. Let's see how it goes tomorrow.Posted by btr Wed, 30 Apr 2003 18:48:22 GMT
Although the volume is not heavy, it has bullish bias. Closed GSF May 22.5P - it bounced back a little, but close to support and may reverse; added more SLB May 40P - is that breakout out of bull flag?; scaling out LOW May 42.5PPosted by btr Wed, 30 Apr 2003 04:14:38 GMT
Nasdaq needs to break 1500 and DOW needs to break 8900. DOW has substantial resistence around 9000. Long GSF May 22.5P, SLB May 40P, AMZN May 27.5P and LOW May 42.5P, MSFT May 27.5C; Short MSFT May 25C.While 2011 was a roller coaster as far as the overall market is concerned, there were a handful of bright spots. After doing a stock screen at FINVIZ for the top performing stocks year to date (YTD) with volume of atleast 100,000 shares per day, there were a total of 31 stocks that broke the 100% re more
This is a guest post by Derek Devore, an experienced options trader. Find out more about his OptionBoost Video Training Program at http://optionboost.com One of my favorite structures when I’m evaluating a position which is slow moving, but is on its way to reaching a particular price point, i more
Bond investors and fund managers are jittery and their wait-and-see stance looks to be mildly supportive for stretching 2011’s government bond rally into at least the early part of 2012. more
Stocks gained and gold fell in 2011's second-to-last trading session, as investors were heartened by upbeat economic data. more
U.S. stocks rose Thursday in a thinly traded session as investors focused on signs of strength in the economy before calling it a year. more
The IPO market is really beginning to catch fire with the tech industry partying like it’s 1999. The party lights glowed and the DJ began spinning the beats before the LinkedIn (LNKD) IPO a couple weeks ago and the party will continue reaching a feverish pitch with a Groupon (GRPN) IPO. more
They should make the case against crony capitalism and for reform of the market system, writes Jesse Norman more
Asian markets nudged higher on the last trading day of 2011, but the region’s stocks have collectively lost about a fifth of their value this year more
No matter what the market conditions may be, especially in weeks like this, it is very good idea to do everything you can to stick to the normal trading routine. While none of us can control what the markets do, we can control what we do everyday to be in the right place at the [...] more
The ECB's got the formula all wrong, says Art Cashin. Despite a marginally decent bid-to-cover today in Italy's bond auction that staved off immediate disaster, they can't go through the year expanding their balance sheet and financing at these levels without concerns of inflation breaking out. ( 1 more
Bank stocks have been shellacked lately as investors worry about what impact the foreclosure scandal will have on the results for the nation's largest financial institutions. more