Wednesday, March 01, 2006

Market Recap & Today's Activity

The broader markets finished higher today, as the Nasdaq gained 1.46% to close at 2314.64. The Dow closed up 0.6% to 11,053.53. The S&P 500 finished up 0.83% and closed at 1291.24. The volume was weak on the ETF's (QQQQ, SPY, & DIA), but most stocks finished near their session highs for the day.

I used today's market strength to close my Marvell Technology (MRVL) March 60 call for a small profit. Tomorrow will be national Google Day (analyst day) so lots of volatility is expected. I doubt Google will give guidance since they never have in the past. It should be interesting to see what new technology they launch or what some top executives have to say.


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