Profits Were Possible

March new homes data is out and economists predict growth. Durable good orders are also released. More earnings come out.

There is a giant oil bomb going off in the Gulf as we gulp for energy.

Economists also see initial jobless claims falling for the week.
The world wonders about earthquakes, and volcanic ash.

And the market held. Hitting lows of 10,976 on a theoretical Dow, or 11, 016 it held and moved back up by 3.40 p.m. to 5 points over prior day close.
This is a serious sign the market may have penetrated the 11,000 psychological barrier, and the bulls will have upside to over 11,700.
Some technical chartists, however, see the market dangerously topping, and set up for a much more serious setback, enough to put pause to our economic recovery.

Heavens, GM repaid its loan. Would you have bet on that?

Profits were possible yesterday for both put and call in day trading, and in longer positions. We will keep these same positions open, for any that have not closed out profitably, but close by end of day. We do not want to hold an open signal over the weekend.