Written by Patrick McCubbin
Exact Stock Picks
Good Afternoon,
Stocks are extending their September rally following more encouraging news on the job market. The Labor Department says first-time claims for unemployment benefits fell last week to the lowest level in two months. In another hopeful sign, the trade deficit narrowed in July.
According to preliminary calculations, the Dow Jones industrial average rose 28, or 0.3 percent, to close at 10,415 Thursday. The Dow had risen as much as 90 points earlier.
A very tight range today in the markets with little emphasis to push them sharply one way or the other. On the bright side, we’ve been positive every day but one in September. With the weekend looming tomorrow, we could have another rather tepid session.
We only made one move in the portfolio today. We purchased shares of Meru Networks Inc (MERU). The stock was up over 1% since we entered but we need a quick push on this one to get through some resistance. This will probably be a short play one way or the other.
The rest of the portfolio had little action, nothing moving much more than 1.5% in either direction. We had a couple nice moves but not enough to justify taking some profits. Almost all of our positions are still in the money, so hopefully we can start making moves on them soon.
Have a great evening! We’ll see you in the morning.
TEN Exclusive: Portfolio Update – 9/9/10 is an article from: 
