Wednesday, March 18, 2009

20090318 1451

DOW 7,534.45 +138.75
NASDAQ 1,501.02 +38.91
SP500 799.27 +21.15
Indices went to highs, paused slightly lower, and are breaking sharply higher. People don't believe this rally will hold, and people don't want to miss a potential rally.

VMW 25.06 +1.49. Sold covered call March MKTCE 25s for .90 that expire this weekend.
TNA 17.83 +1.78
XLF 9.33 +0.779
FAS 7.05 +1.436. With some planning, followed the breakout with two long positions averaging 6.83.
XLE 44.20 +0.72
EEE 1.16 +0.06

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