{+++}Just when you think the underpinings are weakening, they buy the dip. The DOW led the market today, it was actually higher the entire day, while the Nazzy and S&P were in the red, primarily because some DOW stocks reported some good numbers. The financials led, which was surprising to me, but I guess I’ve seen crazier things happen. It started around 2PM when the Nasdaq and S&P decided to play catch up to the DOW. The S&P tacked on about 9 and the Nazzy about 20 points. Pretty significant and pretty impressive.
The S&P broke 1100 support, but shook it off and closed near the highs. A close above 1100 is key for the bulls and I wonder if they would like to squeeze the shorts into the close tomorrow. Maybe, something to watch. Keep in mind that a reversal lower again is also very possible if you want to use yesterday and today as a guide. I’m being vague but so is the market here. Really tough to call, but one thing is for sure, a resolution is coming soon, in the meantime watch the 1080-1100 level. A break of either level should solve the puzzle.
I’ve moved some stops, no new names tonight.
| Date | Symbol | Long Price | Short Price | Stop | Action | Result P/(L) | Triggered |
| 9-24-09 | |||||||
| MCO | 23.00 | 22.00 | Sold 1/3 sold 1/3 stopped 1/3 | +2.00
+4.30 +1.00 |
yes | ||
| MHP | 26.19 | 26 | Sold ½,stopped on balance flat | +2.00 | yes | ||
| NAV | 40.31 | 39 | Sold 1/3, Sold 1/3
Sold 1/3 |
+1.30
+3.00 +2.03 |
yes | ||
| QSFT | 16.30 | 16 | Sold ½, sold balance(10-13-9) | +.80
+1.70 |
yes | ||
| SIGA | 8.43 | 7.65 | -.80 | yes | |||
| MELA | 10.50 | 9.50 | -1.00 | yes | |||
| 9-28-09 | COCO | 17.29 | 18.25 | Sold ½
Stopped 1/2 |
+1.00
-.90 |
yes | |
| ZION | 17.39 | 19.00 | Stopped ½ flat | yes | |||
| 9-30-09 | YGE | 11.90 | 12.60 | -.70 | yes | ||
| VNO | 63.00 | 65.50 | flat | yes | |||
| XCO | 19.05 | 18.00 | stopped | -1.05 | yes | ||
| MHGC | 5.60 | 5.20 | -.40 | yes | |||
| 10-1-09 | CALI | 6.35 | 5.50 | no | |||
| CENX | 8.97 | 9.60 | stopped | +.50 | yes | ||
| BAC | 16.02 | 16.80 | stopped | -.78 | yes | ||
| AAP | 37.70 | 39.40 | stopped | -1.70 | yes | ||
| 10-05-09 | EXC | 47.78 | 50 | stopped | -2..22 | yes | |
| JEF | 27.60 | 27.90 | Sold 100% (10-13-9) | +1.60 | yes | ||
| TSPT | 14.35 | 13.50 | yes | ||||
| HIG | 29.05 | 28.30 | stopped | -.75 | yes | ||
| APT | 6.25 | 6.00 | -.25 | yes | |||
| 10-7-9 | FCX | 73.43 | 73.00 | Sold half(10-13-9)
Sold balance10-14-9 |
+1.78
+3.10 |
yes | |
| 10-10-9 | PENN | 25.67 | 26.20 | stopped | -.53 | yes | |
| NITE | 23.00 | 22.40 | stopped | -.60 | yes | ||
| O | 22.85 | 24.60 | no | ||||
| STEC | 25.51 | 25.80 | Covered 1/3 | +1.00 | yes | ||
| ARST | 23.59 | 24.00 | Sold 1/3,sold 1/3 | +1.20
+2.20 |
yes | ||
| FIRE | 23.43 | 22.50 | stopped | -1.90 | yes | ||
| 10-14-9 | HRBN | 19.72 | 19.30 | yes | |||
| UCTT | 6.95 | 6.30 | stopped | -.65 | yes | ||
| 10-15-09 | MS | 33.35 | 33.00 | ||||
| 10-16-9 | QSII | 65.76 | 64.00 | stopped | -1.76 | no | |
| ACI | 24.22 | 23.20 | yes | ||||
| 10-19-9 | MEE | 33.64 | 34.50 | stopped | -1.20 | yes | |
| BTU | 42.35 | 42.50 | yes | ||||
| FSLR | 146.80 | 152 | stopped | -5.00 | no | ||
| ABAX | 23.86 | 25.00 | no | ||||
| CYOU | 29.05 | 32.20 | no | ||||
| PPD | 40.12 | 41.50 | no | ||||
| MCO | 23.14 | 25.50 | no | ||||
| 10-22-9 | MCRS | 27.40 | 28.40 | no | |||
| AMAG | 35.10 | 36.00 |