Tuesday, December 21, 2010

Jump and Run

The market popped at the open and kept climbing. DJIA +55, Naz +18, SnP +7.5.

Trades: I bought CF shares and sold VECO covered calls.

CBAI finally hit the limit order again and closed out the poistion. That was a tough way to make a little profit.

RES has a pulse again, +7.1%. ERES is up again.

The value-sales portfolio is up +38.7%.

I did another sales/growth/value screen last night - got 72 results. As I went through the charts, probably 80% were hitting new highs. Basically, in this market you could buy half of them blind. Put in stop loss orders and replace the few that sell. At the end you'd have a monster portfolio.

Reversal alerts: (26) filtered down to SMTC ICUI ARW SOHU UNP & BBD. SMTC, ARW, and SOHU have the edge here.

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