Monday, October 01, 2007

The Dow Jones Industrials Move Above 14000

If you've been a reader of this blog, you would know that I've been bullish on the stock market, well today we saw the Dow make new record highs!

Today the Dow blew through the 14000 level on decent volume as investors believe the credit crisis is behind us. Today was also the first day of the new quarter which sometimes can be be bullish for the market.

I've been long the NASDAQ and EEM since August. I am looking to take some partial profits on half of my long NASDAQ position into this upmove. I will use a trailing stop for the balance of my long EEM and NASDAQ position.


es-hmuz said...

I expect a reversal on Friday - employment report!

Anonymous said...

Hi, good call on the dow.

gurlate said...

man your calls have been right most of the time..
good deed indeed.

Kevin said...

Thanks guys.. If I see another good trading opportunity, I'll post it here...Just remember, nobody knows what the market will do...but so far the market has been good to me.


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