Day Traders Diary

12/28/09

U.S. stocks opened higher on Monday, as upbeat holiday retail sales numbers lifted hopes for the economic recovery, helping offset weakness in airlines after Friday's foiled plot to blow up a U.S. passenger jet. The Dow Jones Industrial Average rose 27 points to 10,548, with 20 of its 30 components advancing. The S&P 500 index inched up 3 points to 1,129. The Nasdaq Composite gained 9 points to 2,295. Within the retail sector Deckers Outdoors, Skechers, American Eagle, Gap, Finish Line, and Nordstrom are all higher on positive analyst comments. The footwear stores are performing well. The techs are shooting higher. Google, Apple, IBM, and Microsoft are at new highs. Apple received two upgrades. Barrons wrote a cover piece on IBM. After the first half an hour the averages remained in the green on light volume.

All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.