Getting that upwards action I’ve been talking about for the last two weeks. Breaks of 720 in the RUT, breaks of 1400 SPX, DOW 13000 now. I’m long the indexes NDX and RUT and today is a big day or both and looks like there might be more up heading into the close. I may close up those positions and chalk up a great week.

Bought:
XLF May 27 calls this morning when XLF was trading around 26.7 @ .59

Sold:
IWM calls @ 1.74 for a 16% avg gain from my two buys. IWM calls came back strong with todays equally strong upwards price action.

XLF calls that I bought this morning @ 1 for a gain of 69.5% - Very nice. Yes I’m complimenting myself.

There seems to be strong movement in tech. Maybe rotation into that sector for the new quarter..who knows?

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• April 29, 2008 -- What Worked and Sucked Today 4292008

Thanks for reading

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