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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (15013)1/26/2009 10:58:57 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
DOW up 113 to 8190 now
Got a slight turn followed by a pretty good spike on the 10 o clock news. Market wants to find some reason to be positive, but this certainly didn't set the mkt on fire either. Some reinforcing news could send the mkts quite a bit higher short term, back 8700- 8750 next week or so. So far, holding bulk of today's gain at key time

Stimulus talk, while inflationary, will likely do it
Taking positions accordingly- added AE calls
Seems to be a dual benefit from higher oil and energy plan
Sold some gold calls on spike, though expect more down the road