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Wow, what a day!! +500 points on the Dow!! Almost +100 points for Nasdaq; and over +50 points higher by SPX!! Stocks surged today on Treasury’s toxic assets plan and the latest housing data! There were high flyers everywhere, every sector, especially the financials: PRU +26.48%; BLK +17.55%; JPM +24.67%; MS +20.7%!! CME jumped another +15.66%, or $35.81. Just a week ago, CME was trading below $200!! ACH also had a huge day, flying up almost +21%. RTP found itself trading above its 3-month range. The next resistance for RTP is at $150!
We positioned ourselves for the market’s run early this morning and just watch the market continue to go higher all day! Our “star” trader was angar today, catching a “daily double (+100)” on SKF puts:
angar
Happy/Pitmlp - Thanks for your comments on SKF. I stepped out and back to the site just now. Congrats to all Happy members on great trades today!
angar SKF - Happy - I forgot to mention that I bought SKF Apr 90 puts at 7.2 this morning and limit order of 14 was executed just before market closing 
Thanks for your insight on SKF
Great “happy” trading, angar! 
Here’s how the market closed:
XLF (financials) jumped +16.4% while HGX (housing) went up +11.17%. Techs were very strong with both SOXX (semiconductors) and INX2 (Internet) rising more than +7%. Commodity sectors also recorded solid gains: XME (metals and ming) +7.61%; OIH (oil services) +9.55%; XLE (energy) +8.23%. FXI (Chinese ADRs) advanced +10.11%.
SPX
SPX jumped +54.38 points to close at 822.92, above the 800 level. It caught up with its daily upper BB. The MACD resumed higher.
Nasdaq
Nasdaq shot up +98.5 points to close at 1555.77, above the 1500 level. Its 10-day MA crossed above the 30-day MA. The 20-day MA turned up!
With one jump, both SPX and Nasdaq went above their respective resistance levels: SPX 800 and Nasdaq 1500. Their daily MAs are turning up and the MACDs continue to glide higher. The next resistance levels are SPX 850 and Nasdaq 1600. I think we are going to see some follow-throughs tomorrow morning. By noon time, we should start to see some profit-taking. Financials and techs have gone quite far. But, commodity sectors could be just getting started. I think the commodity sectors could get another wave of buying tomorrow and can help to keep this rally going!
Good night and HappyTrading! ™
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