The market is very resilient. The world market is up this morning. And US market had some bad news from financials such as Citibank and UBS. But I believe the worst is over already, and the market is going up. Dow 14000 will be broken easily.
Watch FNM closely.
12:00 PM
Wow, wow! All major indices are up 1%. Hang on tough.
4:25 PM
Smile! I just don't believe so many people still can't believe this up movement is for real. Just look at the volume of today. There is just not that much. This leads me to believe that the market will move up much much higher. Hold on the long positions.
Today, the financial, home builders, and real estate related stocks are bottoming up. If any weakness in those segments, buy stocks (not options) for a long term run.
7:45 PM
Tomorrow plan
1. Mainly looking for exiting calls.
- unload QQQQ (calls) at $1.9
- unload AAPL calls at $11
2. Watch sigm closely, this is a video semi play with good ranking in IBD
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