Thursday, December 2, 2010

In 2 days, S&P 500 erases 16 days

After the last two days the S&P 500 erases the 16 days of  losses and put us back above $1219.80 resistance line and closed at $1221.53. The S&P was up 1.28% today and 3.43% in the last two days or month to date. What we need to do from here is hold above $1219.80 and march upwards and create some distance from this resistance line. The Small Cap, Nasdaq, Dow 30, and even the European index have rocked the last two days, so all indexes are in agreement, so we can only hope we hold here or climb further. I hope all TSP peoples got to bank these last two days.

This morning I had two stocks upgrades, a nice change, and one forecast increase in revenue.  ATML  upgraded to 13,  and SBUX upgraded to 35, and CTSH forecasted at 25% revenue growth rate, which was all good for me. All three stocks were up today. I got a little bad news on LVS that had something to do with a land approval in a country overseas. Since LVS has been sideways trading for a bit, it got hammered a bit. Also down today on no news was DECK and LULU. Overall my portfolio was up $127, so I will not complain. I also had two more stocks move into the Stoploss black, which means I will make a profit in these positions if I get stopped out. Six out of nine of my stock positions are not covered yet and could potentially be sold for a loss.

$0.00 realized profit today. AVG = $0.00 a day. Personal goal = $50 a day.  2 of 23 trading days for December complete.

YTD $821.11
December $0.00
November $1885.49
October $1174.75

Stock

Entry

Price

Stop

Profit

% Gain

ATML

$10.71

$11.47

$10.36

$177

7

BRCM

$43.91

$46.55

$44.05

$145

6

CTSH

$64.98

$69.32

$65.65

$152

7

DECK

$73.18

$77.80

$67.51

$401

6

LULU

$51.50

$53.37

$51.23

$93

3.6

LVS

$50.55

$49.17

$44.08

$69

2.7

SBUX

$28.53

$32.76

$30.50

$253

15

SVM

$12.35

$11.17

$11.69

$164

7

TTM

$33.40

$31.30

$29.73

$157

6

TOTAL ------------ ----------- ---------- $1159.00 ----------

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