Not a bad Friday until we got more news out of the Ukraine, but that didn’t last too long.
We booked some nice Google Inc (NASDAQ:GOOGL) options gains for more than a double, and also bought some Netflix Inc (NASDAQ:NFLX) calls for a quick double in an hour as well.
A few of the small stock positions moved below my stops level but I let them ride thinking the news effect would not last long and it didn’t.
We are really seeing a change for the good in stock behavior now and dip buys are working, especially on news like we got Friday.
Let’s move right into the charts and see some great moves and soon to be be moves in stocks.
SPDR S&P 500 (ARCA:SPY) swooned hard on the Ukraine news but came back very nicely.
The 196.60 area is posing some resistance but we should soon be attacking 198 once again.
Great action now as we are building out the right side of its base.
Leading stocks are doing what they should, lead.
Have a wonderful summer weekend and thank you very much for reading and your support.