Monday, November 06, 2006

Back From Vegas... and Market Talk

Well, I'm back. Had a blast. Will give details (and pictures) from the trip in a future post.

For now, let's talk briefly about the explosive day in the market. Market breadth was excellent. It's so nice to see such a strong broad-based rally. It's not often that ONE HUNDRED PERCENT of the holdings in both the long-term and trading portfolios closed up on the day.

The M&A activity really spurred some strong buying interest. Gotta love it all.

Caterpillar (CAT) fell today and is slowly approaching my buying range.

International Game Technology (IGT) got a nice boost today and closed at a 52-week high. Next week is the Global Gaming Expo. Hopefully, we'll hear about some good things coming out of the trade show.

Chevron (CVX) also closed at its 52-week high.

All in all, it was a monster day today. I'm so very tired today having flown back in from Vegas this morning and going straight to work... but, nothing perks me up better than a sick move in the markets.

Don't forget that elections are tomorrow. Hopefully, we'll get into some sort of gridlock situation. I think there's little chance that the Republicans remain in control of the Congress.


gaamblor said...

That all green board on your page looked pretty sweet...just too bad you don't have more KONG

Brute Force said...

Ya, KONG seriously rocked for you today. I've just been a bit too busy to do anything at all. Maybe add a little here before their call tomorrow evening. It would still be averaging down as my current cost basis is right at 12.90. Won't be a big addition, but I might as well try and ride what's left in this move.