Day Traders Diary


U.S. stocks opened higher Friday for a second day of gains as worries about Greece's debt ebbed. The energy sector paced the gains as crude oil neared $86 a barrel. The Dow Jones Industrial Average added 17 points to 10,944. The S&P 500 Index climbed 2 points to 1,188. The Nasdaq Composite Index rose half a point to 2,437. The financials look good ahead of earnings season next week. Bond insurer, Ambac is jumping 76% after reporting a quarterly profit. Rival MBIA is up 5%. The techs are mixed. Everyone is expecting good earnings next week from the chip sector. Intel is modestly higher on an upgrade. Fairchild Semi and were also upgraded. Apple continues to perform well, but Google can't seem to get going. The retail space continues to receive good news. Aeropostale, Gymboree, Gap, Talbots, Target, and JC Penney all received upgrades this morning. JC Penney is up 3%. The commodities are performing well. Atlas Energy is up 19% after signing a new big contract in India. After the first half an hour the averages remain in the green. So far so good.

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