Generally Bullish

Thursday, April 15th
Income Tax Deadline

Generally Bullish, Dow down only five times since 1981

Yesterday showed serious confirmation, with the Dow rising to a theoretical top of 11,148 by the 3 p.m. hour. We will re-project the Dow today based on the strength of the upside, even if a sell off occurs by end of day (this being written at 3.09 pm. EST 4/14, before the market closed.)
We're profitable on the call, but at a loss, with no second buy, to the put. Continue to hold the put, make a larger second buy, and settle for 22% profits. We will simply hold this "hedge" as the market continues it's rise.

On Friday Bank of America reports, and GE reports before the market opens.
The market analysts say "SEMICONDUCTOR SURGE GIVES MARKET A BIG BOOST -- THAT'S MAY ALSO BE HELPING BULLISH BREAKOUT IN ASIA -- A WEAKER DOLLAR SHOULD ALLOW COMMODITIES (AND STOCKS TIED TO THEM) TO PLAY CATCHUP TO THE STOCK MARKET -- NATIONAL SEMICONDUCTOR BREAKS OUT"