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This post is for Friday’s trading action of March 28th, but this is being posted on March 29th.

Worked:

Not jumping in this morning as the market was up about 1-2%. I said if we gapped down or the market saw morning weakness I would be a buyer. The smart thing was not taking the trade regardless of the morning action which is something I’ve done in the past. Saved myself about 2% loss as the market sold off hard at the close.

I did not expect that type of action, but being the end of the quarter it could be completely normal. Next week should be interesting and crucial to the fact that the trend may be changing, but we need to see upward price movement.

RIMM and AAPL performed very well this week.

Bought:

ABAT – Formerly ABAT, then GBT, now symbol back to ABAT again. ABAT is a company that makes rechargeable battery stocks. A good stock for Earth Hour. Got in @ 4.75

I don’t know the reason for the sudden rush near the eod, but am glad I was at my desk and looking at that screen when it happened.

Sold:

Nothing.

Stocks I Own Currently:

CAT, INTC, VLO, DAR, POWI, AMAT, CPST, ABAT, GILD

The market may be setting up for a huge run, watch for upside breaks next week in the RUT @ 715ish, SPX 1333ish, a rebreak of 1800 on the NDX. The action in AAPL and RIMM may have been signaling (aka a tell) such a move in the nasdaq is coming.

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