MSFT – Options looked great had 35% in the bag. Decided to hang on. MISTAKE.

QQQQ – Call options were rocking. At least I trimmed some of the gains, but I plan on holding on through next week maybe up into expiration. I see new highs a coming.

Being long the indexes worked. My index trading account is at a new yearly high so I’m happy about that. Now I gotta prevent losing it.

We actually broke out today on the COMPX with good volume. Maybe some big money comes in and scoops up MSFT down 2 bucks. AXP rolled their earnings out and it popped big ah. Thats a large part of the Dow so theres hope we get more upside despite MSFT – which wasn’t that bad.

The SPX is setting up for a big pop. If it doesn’t happen tomorrow, it will likely happen next week. We have to clear todays highs, maybe bust 1400 above us.

Sucked:

WFR – A rushed trade. I didn’t need this one, but I’m lucky I went out to June, because their earnings report didn’t set the world on fire. I should’ve known better with solar currently out of favor ie pulling back a little bit.

Wish I would listen to myself more. TROW popped large after their earnings report. The chart told the tale way ahead of the news. Man TROW! I had that scouted out perfectly. Who else is talking about TROW?

MSFT – It worked today, but afterhours they layed an egg on their earnings report and my options will be decimated along the gains I had in the stock. A minor annoyance. Should recover quickly though. MSFT was showing tremendous relative strength. I’ll probably be shaken out though.

Thanks for reading

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