DOW 11,000

Other then my bloody stock day yesterday, the markets performed fairly well. Near the close we kissed 11,000 on the Dow but I'm sure you already knew this as it is all over the news. How a psychological indicator could be such big news is beyond me. I bought a DWA May $40 Call at market open for 1.35 which was a premium to what it traded at for the rest of the day. That's just what happens when you want to get in early. By buying the May Call I will encompass DreamWorks' 4/27 Earnings release which I expect will beat analysts estimates of .20 earnings per share. I am still long-term bullish IMAX and will look to add more positions once I confirm the trading direction in the coming week. Also keep an eye on GMCR which has been knocking its head on a $100 resistance.

(Chart courtesy of HCPG on chart.ly)

No more insight for today I will do some research on Sunday and see if I can't find any gems we should all add to our portfolio.