Wow, what a day!! +500 points on the Dow!! Almost +100 points for Nasdaq; and over +50 points higher by SPX!! Stocks surged today on Treasury's toxic assets plan and the latest housing data! There were high flyers everywhere, every sector, especially the financials: PRU +26.48%; BLK +17.55%; JPM +24.67%; MS +20.7%!! CME jumped another +15.66%, or $35.81. Just a week ago, CME was trading below $200!! ACH also had a huge day, flying up almost +21%. RTP found itself trading above its 3-month range. The next resistance for RTP is at $150!
We positioned ourselves for the market's run early this morning and just watch the market continue to go higher all day! Our "star" trader was angar today, catching a "daily double (+100)" on SKF puts:
angar
Happy/Pitmlp - Thanks for your comments on SKF. I stepped out and back to the site just now. Congrats to all Happy members on great trades today!
angar SKF - Happy - I forgot to mention that I bought SKF Apr 90 puts at 7.2 this morning and limit order of 14 was executed just before market closing :) Thanks for your insight on SKF
Great "happy" trading, angar! 
Here's how the market closed:
XLF (financials) jumped +16.4% while HGX (housing) went up +11.17%. Techs were very strong with both SOXX (semiconductors) and INX2 (Internet) rising more than +7%. Commodity sectors also recorded solid gains: XME (metals and ming) +7.61%; OIH (oil services) +9.55%; XLE (energy) +8.23%. FXI (Chinese ADRs) advanced +10.11%.
SPX
SPX jumped +54.38 points to close at 822.92, above the 800 level. It caught up with its daily upper BB. The MACD resumed higher.
Nasdaq
Nasdaq shot up +98.5 points to close at 1555.77, above the 1500 level. Its 10-day MA crossed above the 30-day MA. The 20-day MA turned up!
With one jump, both SPX and Nasdaq went above their respective resistance levels: SPX 800 and Nasdaq 1500. Their daily MAs are turning up and the MACDs continue to glide higher. The next resistance levels are SPX 850 and Nasdaq 1600. I think we are going to see some follow-throughs tomorrow morning. By noon time, we should start to see some profit-taking. Financials and techs have gone quite far. But, commodity sectors could be just getting started. I think the commodity sectors could get another wave of buying tomorrow and can help to keep this rally going!
Good night and HappyTrading! ™
