The market has had some light volume today, but we do have earnings coming out for some big companies which might be holding all the big money back from pulling the trigger on buying or selling. Intel comes out with earnings after the close today, and it would be interesting to see how this plays out. The market looks to me like it is set for a move up, but things can change on a dime. Regardless I am still bullish.
I have been watching the health care sector and was surprised to see it sell off today at first until I realized that there was a vote in the Senate today regarding the passing of the Health Care bill by the finance committee. After the vote passed, we saw the health care stocks start to recover a bit, and I am under the impression that as the news clears, people will see this as a buying opportunity. We have some nice upside potentital with AET, UNH, WLP, and a few others. Those are just some I have been watching lately.
Besides that, SYMC filled the gap, and I am watching to see if we can break up into the $17 price range. If not, I'll take my shares off the table and lock in the profits. I took a tiny trade in SYMC back in August when we gapped down and never added to it because I was testing out a strategy. I just wanted to be in the trade to see how it would play out, and it has played out as I had anticipated.
As for my other positions, the only loser I am holding right now is LDK but that is because I got locked into it. It has been showing some decent support arount the $8.25 area, and I think we may see it move up soon. The daily chart is setting up right now for a buy and if I wasn't already in it, I think I would be looking at it for an entry at this point in time.
That's all for now!
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