Day 14, $20,495

Markets started off low today, but picked up momentum at the end of the day to close with small gains for another day. Preliminary GDP numbers came in slightly better than expected. This trend still belongs to the bulls, but for the past few days they have been just barely able to make their way into the green. Will the trend continue? Who knows, but in the meantime I, the trend is your friend, so that is how I will trade. Am I fearful the market will take a dive after such a run up? Maybe a little, but I will try to be objectively cautious. A pull back is to be expected to some extent due to profit taking.

NYX - Down about 0.30 today. In the news because they spending $144 million to buy a software company that they say will help them provide better service to their customers. Acquisitions are a good sign. If NYX was worried about the economy and being able to make money, they probably wouldn't spend 144 million buying a company. No change to current positions.

DRYS - Had a nice move up thanks to an earnings report from China's COSCO. COSCO is China's largest shipping company. They announced a smaller than expected loss which sent all the dry shipping company's up higher. This is a nice move for my Jan 7.5 naked put. Maybe I will consider adding some calls? Is a continued uptrend warranted? I am not too sure. I will wait to see what happens in the next day or so.

NTES - Closed right above its 20 day ema, which will hopefully be good support for my 40/35 Sep Bull Put. No changes.

IBM - Still trading in a tight range. This is good for my iron condor. No changes