Midday Update

Home / Trades / Midday Update
April 1, 2008

The market is ripping. We’ve broken the NDX 1800 mark as well as SPX 1333. As you can see they are the strongest performers today. Once RUT gets above that 715 level it may start leading again.

I went heavily long at the close yesterday and held on to those longs through the morning. I think we are starting to do a leg upwards now.

CPST breaking up to new 52 week high today up 12% on the trade and up 7% today.


Tags list


Related Posts

This Week Was Great, Today Sucked
Leveraged ETFs, Market Comments, Solar Stocks, Trades
Let me start out by saying today did not go the way I thought it would. SPX broke 904 area and broke and closed below 21d emas. So now this market is...
SPX Moved Below 900 and Closed Above
Leveraged ETFs, Leveraged Funds, Market Comments, Technical Analysis, Trades
So here I provided a graphic that is the same as the one I’ve been posting the past few days. The blue line got tested, and we closed above it....
Another Great Trading Day, Watch SPX Tomorrow
Trades
Right off the open my longs in FXP and ERY were winners. FXP popped 10% on the open and I dumped it. Bad move, more later. ERY up 6% and I dumped it....
Trading Account Winners While Index Trading Takes A Hit
Trades
I was position and ready for this market to test the downside target, but right out of the gate the materials, dry bulk stocks, and other sectors...