Thursday, January 5, 2012

Post close report: January 5

U.S. stocks finished mixed today after recovering from an early morning drop.  Weakness in the euro pre-market pushed the dollar higher as the S&P 500 gapped down at the open,  hitting the 1266 level by 9:45 AM.   But stocks clawed their way back throughout the day and the S&P finished +3.76 to close at 1281.06, ahead of tomorrow's important jobs report.

Today's portfolio winner was USU as it gained over 9% to close at the daily high of 1.42.  USU is now +18% from the trigger point on Monday night's chart post.  I took profits in USU today, which I may regret in the days ahead.  CXM also triggered from Wednesday's pre-market alert and closed up almost 17% at .353.  I have no position in CXM at this time.

A position was initiated today in HSOL at 1.07, which closed strong, ending up over 7% to close at $1.14.  Another solar stock that I bought today was JASO, initiated at $1.37.  JASO closed down .01 at $1.36.  This is a sector which I think could bounce further off the bottom from extreme 2011 year end tax loss selling.

AFFX dropped a bit over 2% today, so I closed the position at 4.18 for a small 2% loss from my $4.26 entry yesterday.

Check back later this evening or early tomorrow morning for a new selection of setups for Friday's trading.








1 comment:

Jim Wamelink said...

Nice work today.... never regret the profit!!!