Tuesday, November 10, 2009

11/10 Watchlist

A typical holiday week. Volume is drying up prior to Veterans Day, and a few tumbleweeds have been spotted rolling down Wall Street. SPY volume is just shy of 130 million, compared to more than 228 million a week ago.

I'm thinking to close the two earnings plays of last week, CSCO and NVDA, simply because they're aging. The reason for the trade is gone.

No signals on the high-volume ETFs or individual company shares with strikes a dollar apart. (I mean, no signals, not no valid signals.)

So, bottom line: No trades opened today. Possibly a couple of closures in the last half hour.

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