General Electric (GE) and Citigroup (C)

I closed out on my General Electric (GE) position today making a modest gain.

In addition, I had a Citigroup position in which I closed out as well. The past few days of Citi's increasing stock price was largely due to a short squeeze which I profited by more than 100%. I could have held on to it longer but I do not want to be piggish.

Currently, I am sitting in cash looking for a new opportunity.

Here is this week's economic calender for your review on Yahoo! Finance. Happy trading!

Economic Calender weekending 4/10/2009

Here is the economic calender for weekending 4/10/2009 using Yahoo! Finance economic calender.


Highlight: Jobless claims came in lower than expected with the actual number being 654k verses the 660k expected and 674k prior.

Economic Calender weekending 4/3/2009

Here is the economic calender for weekending 4/3/2009 on Yahoo! Finance.

On Friday the most important Employment Report will be coming out where traders are looking for a -8.5% rate of unemployment. This report comes out the first Friday of every month for the previous month.