Monday, May 3, 2010

Green (Mon)day

Green day, indeed.

Dow Jones 11,151.83 +143.22 +1.30%
Nasdaq 2,498.74 +37.55 +1.53%
S&P 500 1,202.26 +15.57 +1.31%

Nice rally for most stocks on my list. AAPL 265.80 (+5.26, +2.01%), depriving shoppers looking for another drop to support level (256). Either you love the volatility and trade it, or you're getting seasick and want to get out of this raft adrift in the raging Sea of Jobs.

BIDU up 20.03 to 708.99 (+2.91%) on light volume (1.04 million shares). Can't seem to pierce a ceiling in the 712 area, but a $90 move in the past week has yet to be fully digested.

IMAX up 0.29 to 19.27 (1.53%), also on light volume (1.14 mil), which is roughly half its daily average. I got a good night's sleep once the market showed plenty of upward movement, but until IMAX returns to 20-plus, it's just a red number on my screen. I was a day early and a day late with just one mistake. I don't think shares will rocket like they did with Avatar. Iron Man 2 wasn't shot in 3D. The only reason I'm still holding is I didn't sell when I had planned to, and IM2's domestic release later this week should kick shares up.

GLD still up (0.32%) to 115.90, though FAZ sold off 4.84% to 11.63. I'm probably never going to trade these, but I watch anyway. As long as financials regain ground (GS +2.96% to 149.50) and oil prices stay above 85, the market seems happy. Sick, but happy.

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