The S&P500 came charging out of the gate today reaching it’s peak by 10 am @ 1196.14. After that impressive push out, she floated in waves all day to settle into a close of 1185.62. Another gain of 2.54 points. I still believe we will run to 1219.70 before it stops and reverses. The other item that will help is positive earnings. Today I was stopped out of HAL for $11.97 profit and it was a position that I really had no business being in. Not a bad play, but I already had in my portfolio 3 other energy stocks. I was overweighed in energy. Today I went after a couple of new buys in SBUX and FFIV. FFIV will report earning tomorrow after the close and SBUX after the close on Thursday. Taking a little gamble on both, but I’m also basing it on technical’s.
My portfolio un-realized profit valve jumped 67% and it would be really nice to have about 2 or 3 days in a row like that. I did not buy HOOK today or give it much thought because of volume and price disappointed. Last price $7.05.
$11.97 realized profit today. October realized gain = ($1174.75) AVG = ($69.11) a day. Personal goal = $50 a day. 17 of 21 trading days for October complete.
Unrealized and still holding: $956
FFIV – $6
HAL –$11.97 Stopped Out
KOG – $78
LVS - $352
PTEN – $21
PWE – $243
SBUX – ($8)
SCCO - $480
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