Shares of Suntech Power (STP) hit our bullish exit target today closing the trade with a +33% move. Our JNPR trade was not so successful. Both the NASDAQ and JNPR saw a brief spike lower this morning before reversing higher. That was enough for JNPR to hit our stop. We also closed our CREE trade this morning at the open.
The U.S. market delivered a big one-day rally that erased a good chunk of last week's declines on hopes for a fiscal cliff deal.
It is important to note that there is no final deal yet and negotiations continue.
There will be no update tonight. We will be back to our normal schedule on Wednesday.
Have a happy New Year!