Market update

RIG has finally made a move to the upside.  Options (Oct 60) are finally in the money.  Now the greed/fear tug of war starts.  At what point do you sell and get out?  Position is now profitable but there is so much more money to be made IF the stock continues to move.  I think I'll give it a bit more time yet watch it closely.

NVDA Dec 10 calls are nicely in the money and up around a 100% from purchase.  NVDA is pulling back this morning.

NFLX and CMG are both up.  So are HPQ (Hewlett Packard) and GS.  Let's see how the day plays out since the market is currently down a little.

Reflections:
One of my misses recently was TNH (Terra Nitrogen).  I spotted the pattern yet hesistated in pulling the trigger about a week ago.  In hindsight, I should have bought it, but if the economy does recover, there is huge potential in this stock.  So keep it on your radar.  If the stock does keep moving (and the market doesn't tank), previous high is around 138 (but first it has to overcome resistance in the 107-109 range).  I still like FSLR as well.

Market cycle is approaching a peak.  Lot of stocks have stochastics that are peaking indicating an over bought condition.  So be careful in your trading and keep an eye on the market.

PS:  The very long shot pattern I was playing on GS with way out of the money calls appears to have failed.