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Market Performance |
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Sector Performance |
Another week over = another week moving higher. At least that has been the attitude of the market for the last 4 weeks in a row. This week the S&P moved up over 1% and claimed some very important price levels. Monday started out by taking over the 1246 level which we've had some resistance at. Market has seen a decrease in volume this week with the holidays around the corner and a short week this week. Dip buying has still been strong and the bears are still feeling the pain.
Trading was light for me this week as I wasn't to eager to open new positions with light volume and the holiday season. CX saw a great breakout during the week so I went ahead and closed that for a 7% gain. I also closed SYK for a 1.5% gain after it was showing some weakness. Instead of going long or letting my money just sit there I decided to short NFLX puts. This gave me a worry free way to utilize my money over the holiday season.
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