Stock Charts Free, Charting and Scans - Trucharts.com
Markets Update Jan 2, 2105
Happy New Year to all.
Well the market makers did what they had to do today to make the DOW positive. Even with negative economic news this morning and the apparent disaster looming in the EU - DOW ended positive for the day. OIL still heading down - we went long LINE for a short term trade - volume was almost 3.5x avg volume (they reduced dividend from 2.90 to 1.25 still a decent yield). Gold was flat and we closed out YHOO position today and went short GM after the recall news.
Low volume day - now all eyes are on next week and then the earnings barrage. We are still short DAL, AEM (up today) with covered puts and long BIS, WSM, K, CYBR, USO.
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Trucharts team
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