Wall Street Extends Rally Despite Mid-day Fizzle, "Bearly".

Following the big "blip" on Wall Street yesterday, the international markets followed suite today. But the international rally was incomplete. Although the Asian market and most of Europe ended in the green, the FTSE couldn't sustain the rally and slide back into the red.

Mimicing the FTSE, the second day of U.S. market's rally fizzled out into the red during mid-day trading. Then the Wall Street bulls made a heroic charge in the last two hours of trading to end the day with the major U.S. indecies in the green, although only fractionally.

Asia:
Nikkei => 7,376.12, +321.14, +4.55%
Hang Seng => 11,930.66, +236.61, +2.02%
Straits Times => 1,505.51, +19.76,+1.33%

Europe:
FTSE => 3,693.81, -21.42, -0.58%
DAX => 3,914.10, +27.12, +0.70%
CAC => 2,674.20, +10.52, +0.39%

U.S.:
Dow => 6,930.40, +3.91, +0.06%
Nasdaq => 1,371.64, +13.36, +0.98%
S&P => 721.36, +1.76, +0.24%

Me:
AMD => $2.31, -0.01
AMD DG => $0.12, +0.01
BKC PX => Sold to Close @ $1.45
F => $1.96, +0.04 Bought @ $1.9150
FPL DI => $2.10, +0.25 (Bought to Open @ $1.85)
MIPS => $2.37, +0.01
NG => $2.60, +0.17

My put on BKC got stopped out. However, it looks like BKC ended with a bearish harami, and both the stochastic and MACD turning down from overbought conditions. I might get back into it tomorrow.

I got into F under consideration that it will most likely be the only one of the Big 3 to survive in it's present condition. This time I will not be setting a tight stop on it.

I got into a call option for FPL because mathematically the candlesticks are for a bullish engulfing, however they are not properly positioned. The stochastic and MACD are both extremely oversold and showing signs of turning. So far this position has profited today from an intra-day purchase right after the market open.

That is my opinion, you can take it or leave it.

Disclaimer: I am not a stock broker; I am not a financial advisor; I am not recommending to you what to buy or sell. I am just an opinionated investor. If you decide to follow in my footsteps you are taking risk. It is inevitable that I may be wrong. So if you are going to follow in my footsteps that is your own personal decision. I am not responsible for any loss that you may, and probably will, incur regardless of my opinion.