Blue chip stocks (SPY) closed the latest regular session at $114.27, down 0.03% from the prior close.
In total, 3.1 billion shares were traded on the three major U.S. stock exchanges, down 8.8 from the day before.
On the jump, mediawatch, rules, econ reports, portfolio and a good book...
Mediawatch: The AP narrative tosses all logic aside and says that stocks barely moved because traders are hopeful for the economy in the wake of some mergers and acquisitions. Hope as the motive force for inaction. Actually, sounds a bit like some critiques of the Obama adminstration that are floating around Bloglandia. Reuters took a smarter course, saying tech stocks rose (true) because of analyst happy talk (also true). My rules allow trades in April covered calls, iron condors and butterfly, calendar, diagonal and vertical spreads. I allow myself to trade unhedged call and put option purchases that expire in May or later. There are no significant economic reports scheduled for release. | Detailed advice on making the transition form investor to trader. |
My portfolio consists of . . .
March expiry:
- AKS, iron condor, p19/-p20/-p25/p26
- GCI, covered call, s/-c15
- T, bull put spread, c25/-c26
- WFC, iron condor, p26/-p27/-c29/c30
Zombie shares: MCO, PALM.
Good trading!
New to private trading? Here's a look at How to Become a Private Trader.
Topics: S&P 500, SPDR, Spiders, AK Steel Holdings, Alpine Dynamic Dividend closed-end fund, href="http://www.wikinvest.com/wiki/Gci">Gannett newspapers media, Moodys bond rating, Annaly Capital Management, Palm smartphone Pixi Pri, AT&T telecommunications, Wells Fargo bank financial.
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