Taking A Breath, Finally! SPX, Nasdaq, GOOG, NFLX, GMCR, X, CLF, WLT, APA, OXY, SLB, CMI, NKE, ACN
Posted on March 22, 2012 at 19:58 PM EDT
On Tuesday, we saw some weakness in the market, as industrials slipped.  But, financials and techs held the market up.  Today, even though the latest jobless claims fell further, the market got weaker.  This time, all major sectors were lower.  We did lock in most of our longside profits on Wednesday, including scoring an intraday [...]

On Tuesday, we saw some weakness in the market, as industrials slipped.  But, financials and techs held the market up.  Today, even though the latest jobless claims fell further, the market got weaker.  This time, all major sectors were lower.  We did lock in most of our longside profits on Wednesday, including scoring an intraday +150% gain on GOOG in just 3 hours:

  • 10:13 | HappyTrading GMCR ($56.20) Sold to Close 04C55 Apr 55 calls, at $4.15 +30%
  • 10:07 | Ecstatic Plays NFLX ($120.30) Sold to Close 0325C115 Mar 115 calls, at $5.90 +39%
  • 09:46 | Ecstatic Plays NFLX ($120.60) Sold to Close 0323C115 Mar 115 calls, at $6.30 +48%
  • 09:39 | Ecstatic Plays GOOG ($645.50) Sold to Close 0323C635 Apr 635 calls, at $12.50 +150%
  • 09:32 | Ecstatic Plays GOOG ($644.35) Sold to Close 0323C635 Mar 635 calls, at $10.60 +112%

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Industrials continued to be weak: X -5.82%, CLF -2.88%, WLT -4.23%, APA -2.49%, OXY -2.03%, SLB -2.74%, CMI -2.81%.

After the market, NKE reported a strong quarter

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