[Weekend Summary]
Dear Member:
The markets continue to look bullish. The Dow Industrials, Nasdaq and SP-500 enjoyed bullish weeks again even though the Dow fell off a bit Friday. Volatilities were also down which supports the continued bullishness.
I closed my puts position on Sandisk (SNDK) for a nice 11% before commission gain in just under 2 weeks.
Today I bought some '09 LEAPS calls on Bea Systems (BEAS) and the stock showed some strength as it gained on good volume.
The bullish spreads on SPY, Citigroup (C), and Anadarko Petroleum (APC) are all in good shape as each of the issues remain in an uptrend.
Sirius Satellite Radio (SIRI) is stalled for the moment, but has stayed within its channel.
Have a super weekend.
Bill
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