Thursday, July 9, 2009

Today markets were flat. Good news: AA earnings came in better than expected and initial claims data came in lower than expected. Market is no longer jumping on anything for reasons to buy. Put/Call ratios remain in bearish territory.

NYX is sitting right on resistance at 24. If closes below 24 I will look to add PP.

DRYS up a few cents. Keeping Sep PP in place for now.

Stocks I am also watching: RIMM, NTES, IBM. I will be looking into getting in some positions with some of these stocks.

Also, I am working on a project where I will track a portfolio - trades and value. Hopefully I will be able to start the project in less than a month.

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