The Wrap 3/8/10

{+++}We had a pretty good day considering the S&P traded in a tight and completely boring 4 point range all day.

SEED popped, VNO, and V broke out and RIMM finally popped through our price on good volume helped by an upgrade to outperform. I believe UBS made the call.

SQNM didnt trigger, but a nibbled a bit, I just have a feeling on this one. Biotech is hot again and JAZZ looks good too, but I’m not adding it because we’re long enough right now. DNDN is looking ready to explode even higher by the way.

GGP had a decent day, but had big news after the close. Here is the link. The stock could really get legs here.

We are long oil and oil service so a weaker dollar will help us there.

I’ve added to longs and here are the charts, they have been added to the P&L sheet so please check it out. I’m cautiously bullish as hell here, but lets be careful. We’re do for a breather , but the charts look powerful on NDX,S&P and INDU.

Good luck, hope you had a great day and we will do it again tomorrow.


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