That last week was a very good week. After Fed cut, ppl are buying. The strong sectors are commodities, oil, metal, and high tech. In general, S&P is up 5% this year so far. For a pre-election year, the average is up 15%. So we have 10% to go UP.
Here is my view of the whole market:
From here ($INDU at 13820), it will go up to 14000 ish. Then consolidate for a while. The next leg up is 14600. This time, the chance of down is very small. Any dip is a good buy.
My plan for next week:
****Again, don't SHORT, not worth it.
Strong segment: Ocean dry cargo(DSX), US Fertilizer(TRA), US Railroad(BNI), US Metal - Ores and natural resource (CTB), HighTech, and China.
Weak segment: Finance, Importers, Home builders
Operations:
- Long what you have
- Long BNI 1 Jan L-09 call
- Long Farmers call
- Focus calls trade on AAPL, GOOG, and QQQQ.
renshan2735:
1. Keep holding intc, nvda - 25%
1. Keep holding hov - 25% (looking for opp to unload)
1. Long trade SNDA calls - 2%
2. Long trade AAPL calls - 20%
2. Find a biotech and go long - 10%
2. Long 100 shares of TNH at open on Monday (just broke out and tested the upper trend line)
2. Seeking Call 10 TRA oct 25.
2. Seeking Call 1 Leap-09 BNI Jan 60
2. Seeking Long CTB stock (look at monthly chart, wow!!!)
2. Long 100 shares of NM at open on Monday (just broke out and wait to confirm retesting the upper trend line, and then add more positions)
renshan2:
1. Keep holding AAPL - 15%
1. Keep holding DSX and TASR - 35%
1. Keep holding INTC calls - 2%
1. Keep holding Fidelity Securities Fund Leveraged Company Stock Fund - FLVCX - 10%
1. Long trade SNDA calls - 2%
2. Long trade GOOG calls - 25%
2. Seeking Call SNP
r2y:
1. Keep TASR - 45%
1. Keep DODFX - 30%
1. Keep PRMTX - 25%
1. Long trade DEll calls - 1%
2. Call 20 DSX oct 25 at market open, looking entry for another 20 calls. (Show buying entry signal, ACTION now)
- Inject $5000.
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