Tuesday Market Wrap 1/21/14


fat lady


For the SPX/DOW were mixed, and the NDX/NAZ were +0.70%. Bonds lost 3 ticks, Crude gained 65 cents, Gold dropped $12, and the USD was lower.  The market gapped up at the open, hit SPX 1849, then gave it all back and then some to 1832.  Then it rallied again.  They pretty much sold the rally at the open, but then, as usual, buyers bought the dip.

It was a good day on the P&L as SPLK marched higher.  SLXP broke a hundred bucks and TSLA triggered.  ZHNE popped 8% and we sold 1/2. OGXI was +5% and ANAC popped 7%.  KEY also showed a nice breakout today +3.5%. LZB also triggered short at the very end of the day as it tagged 28. If you didn’t get it, jut watch it tomorrow.  FFIV continues to move and so far we are +10 in that trade so far. VRTX popped 4%  today and wed are currently +14 bucks in that one.

I adjusted stops tonight, so check the P&L if you are following at home.

See you in the trading room in the morning.


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