Friday, June 15, 2007

The rally continues

A tame inflation number adds fuel to the fire for the bulls. Option expiration bias was up, probably because of the 400 point Dow tumble earlier in the month, got a lot of bears to buy puts.

Notable stocks moving lower today include BA and BNI. Some breakouts that I observed include HANS, FFIV, ASCA, KNDL.

Positions, long TXN and MRK both hedged

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