Market 2017-10-03

Market rallies again. All record high: Dow +0.37%, S&P 500 +0.22%, Nasdaq +0.23%.

What is Going on Today?

Airlines breaks out after DAL updated guidance, DAL +6.6%, UAL +6.1%, AAL +5.8%, LUV +4.5%, ALK +4.1%.

Home builders continue its run following LEN earning.

KR is in rumor of takeover, +3%.

Roku retreats some gain after IPO, -11.7%.

Fitbit (FIT) cools down -3.5% after a +13% run in September.

GM hit 52-week high, +3.1%; Ford (F, +2.1%) releases its plan for smart vehicles and future capital rearrangement after-hour.

My Trades Today

Cut 50% UAL to take profit.

Day-trade M again for 2% profit. (same pattern as yesterday, 4% in 2 days, not bad)

 CPTA gets a hit today due to big dividend cut (from 17% to 10%), luckily I have cut 50% position in last two trading sessions. I will buy more if it drops below $9.

With a big stake in UAL, beat the market easily today.

Earnings Tomorrow

Pre-market:  AYI   MON   PEP   RPM
Post-market: CAFD   DMPI   RECN

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