We are in an interesting phase right now, with the S&P near 740. If we break that resistance, we can get another 3-4% on the S&P. I will probably sell 30-50% of my holdings into strength.
As for an update of my holdings, everything is in the green but X. STLD reported a pathetic number, which is leading the entire steel sector down. I may sell the position today for a loss but I haven't decided yet.
If you bought TTWO today, you drilled the stock under $10 trade. The stock is now a technical breakout play (if it holds over $7.08) and if you are day trading, use the 50 day MA as a stop. I'm long 500 shares and will ride the wave home, so anotherwards, I will not take the 14% day profits. I wrote some March $15 puts on the SSO yesterday, and collected $45 per contact. We have a week until expiration, so hopefully it can work out. I still like KIM for a trade but if we turn down, KIM and the rest of COM RE names will go down fast, therefore, be careful. I'm still long around 100 shares.
I appreciate the comments, keep em coming! Be back around the close...
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We are at 743 now on s&p, I like the action!
ReplyDeleteDXO up to 2.51 (13% gain today)
ReplyDeleteBut the weird thing is it's not on heavy volume.
Crude is up past $46 again. It should pull back a bit going into the weekend OPEC meeting.
I love the DXO, i might need to get back into oil trading. The S&P is at 747, GO! GO! GO! GO! GO! GO! GO!
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